DuPage County Plumbers & Pipefitters Pension Fund Local 514, Warrenville, Ill., will conduct a search in September for a new master custodian for its $26 million defined benefit plan after First Chicago NBD Bank told clients it is exiting
that line of business.
Larry Allport, business manager, said the fund's consultant, Marco Consulting, would conduct the search.
He said Northern Trust, recommended to clients as a replacement, and other banks would be considered.
