Kentucky Retirement seeks global custodian; incumbent in the horse race

Kentucky Retirement Systems, Frankfort, is searching for a global custodian, confirmed T.J. Carlson, chief investment officer of the $13.7 billion pension fund.

Incumbent Northern Trust is invited to rebid.

A firm will be hired to provide global custodial services, record keeping, accounting services, performance measurement, analytics, support for an unbundled securities-lending program and other services, according to the RFP. Deutsche Bank was hired earlier this year to provide securities-lending services.

Investment consultant R.V. Kuhns is assisting in the search.

The RFP is available on KRS' website. Proposals are due Sept. 28. A hiring decision is expected in November.