Massachusetts Pension Reserves Investment Management Board, Boston, is searching for a firm to provide global custody services for the state’s $50 billion Pension Reserves Investment Trust Fund and the $400 million Health Care Security Trust Account, according to an RFP on the $50.4 billion MassPRIM website.
BNY Mellon is the current custodian and record keeper for both funds; it is not known if the firm can rebid.
The RFP is available at http://www.mapension.com/Rfp/RFP.htm. Proposals are due by 3 p.m. EST Nov. 5, with a selection expected in early February. Further information was not available; Michael Travaglini, executive director, did not return a phone call by press time.
MassPRIM’s board oversees the management and investments for both funds.
