Oklahoma Tobacco trust launches custodian, securities lending search

Oklahoma Tobacco Settlement Endowment Trust, Oklahoma City, is searching for a custodian/securities lending provider.

It has been six years since these services have gone out to bid, Lisa Murray, chief investment officer at the Oklahoma state treasurer's office, previously told Pensions & Investments. The treasurer's office oversees the roughly $1 billion trust.

Incumbent custodian Bank of Oklahoma and securities lending provider BNY Mellon are invited to rebid.

The RFP is available on investment consultant NEPC's website.

Proposals are due by 4:30 p.m. EDT on April 26. A date for a hiring decision could not immediately be learned.