South Africa's GEPF looking for master custodian

Government Employees Pension Fund, Pretoria, South Africa, is searching for a master custodian for the 1.05 trillion rand (US$118.7 billion) pension fund, according to an RFP posted on its website.

The contract is for five years. The name of the current custodian and whether it is invited to rebid could not be determined by press time.

The RFP is available on GEPF's website. Proposals are due at noon South Africa Standard Time on March 11. A hiring date was not specified.

Officials from GEPF did not respond to questions for additional information by press time.