New Mexico State Board of Finance, Santa Fe, will renew its contract with Bankers Trust as custodian for four of the state’s funds.
The new contract will begin Oct. 1, said Scott Stovall, procurement manager. Mellon Trust and Citibank were finalists in the search. Bankers Trust will be the custodian for the state’s two permanent funds as well as the Public Employees’ Retirement Association and the Educational Retirement Board, which have a combined $25 billion in assets.
