Florida State Board of Administration, Tallahassee, hired consultant R.V. Kuhns to help the $137 billion system evaluate and search for a global custodian. Current custodian State Street Bank will be among those evaluated. R.V. Kuhns will assess custodians' experience, risks and financial strength; core custody services; investment performance reporting; and securities lending. Callan is a general consultant to the board.
No information was available on a timetable for the custodial evaluation and search.
