New York State Teachers' Retirement System, Albany, expects to name a...

New York State Teachers’ Retirement System, Albany, expects to name a custody provider and securities lending agent next week, said Candice Ronesi, spokeswoman for the $80 billion system. She said 21 firms were invited to bid, including incumbent Deutsche Bank, which handled both functions and whose five-year contract had expired. The plan reviews its custody and securities lending relationships every two or three years, Ms. Ronesi said.