Connecticut on lookout for custody, securities lending providers
By Robert Steyer | September 21, 2012 2:19 pm
Connecticut Retirement Plans & Trust Funds, Hartford, issued an RFP for at least one firm to provide global trust/custody, securities lending, foreign exchange and risk management services, according to the website of state Treasurer Denise Nappier, principal fiduciary of the $24.3 billion pension system.
The RFP, which is available at www.state.ct.us/ott/rfp/091812OfficeoftheStateTreasurerRPF.pdf, said the state is looking for a firm or firms to provide various services to the pension system and to the state's short-term investment fund.
Each candidate must submit proposals to Ms. Nappier's office by Oct. 12. Copies should be delivered to Gary Carter, interim deputy chief investment officer, State of Connecticut, Office of the Treasurer, 6th Floor, Hartford, CT 06106.
Copies must also be sent to Bo Abesamis, executive vice president, Callan Associates, 101 California St., Suite 300, San Francisco, CA 94111.
The RFP didn't specify a timetable for selection.
The retirement system consists of six state pension funds and eight state trust funds.
Deputy Treasurer Christine Shaw did not respond by press time to requests for comment.