Dyfed Pension Fund, Carmarthen, Wales, is searching for a global custodian, confirmed Anthony Parnell, treasury and pension investments manager for the £1.2 billion ($1.8 billion) fund.
The contract of incumbent HSBC Securities Services expires March 30, 2011; HSBC can rebid, Mr. Parnell said.
Proposals are due Aug. 31, and a selection is expected in November.
Mercer Sentinel is assisting. Further information is available from Sonja Spinner, senior associate, at [email protected].
