Florida State Board of Administration, Tallahassee, issued an RFP for at least one firm to provide global custody, securities lending and performance measurement services for the $102.4 billion Florida Retirement System and nearly $2 billion in other funds. Incumbent State Street Bank's contract is expiring; the firm can rebid, said Michael P. McCauley, director of investment services and communications.
The proposal is available on the board's website, www.sbafla.com. Notices of intent to bid are due Sept. 24, and proposals are due Sept. 30. A decision is expected in January.
R.V. Kuhns & Associates is assisting.