Oklahoma Teachers’ Retirement System, Oklahoma City, is searching for a master custodian, confirmed James Wilbanks, executive secretary.
J.P. Morgan Chase, the $9.1 billion system’s current master custodian, is invited to rebid.
Mr. Wilbanks said in a telephone interview that the system puts the contract up for bid every five years “to get the best value for our clients.” The current contract ends June 30.
The RFP is available on the retirement system’s website at http://www.ok.gov/TRS/Investment/Request_for_Proposal.html. Responses are due by 4 p.m. CST on Dec. 20.
A selection is expected by February, he said.