Searches and Hires

Minnesota State Board of Investment launches custodian search

Minnesota State Board of Investment, St. Paul, is searching for a custodian, according to an RFP posted on the board's website.

Current custodian State Street Corp. (STT)'s contract with the board expires April 30. State Street can rebid, said Mansco Perry III, the board's executive director and chief investment officer.

The RFP is available on the board's website. Proposals are due at 3 p.m. CDT Sept. 13; a selection is expected in December.

The board oversees $85.3 billion, including $62.4 billion in retirement assets.