Arlington County Employees pension fund in market for global custodian

Arlington County (Va.) Employees' Retirement System issued an RFP for a global custodian.

BNY Mellon is incumbent for the $1.5 billion pension fund and can rebid, Randee Stenroos, assistant director and pension investment officer, said in an e-mail.

Ms. Stenroos said the length of the contract is negotiable.

According to the RFP, the scope of work includes asset servicing, transaction accounting and reporting, and managing a securities lending program.

The RFP is available from the county's website. Proposals are due by 5 p.m. EST on Nov. 26. A decision is expected to be made by early 2013.