Essex County Council Pension Fund, Chelmsford, England, is searching for a global custodian, said Kevin McDonald, group manager, investments, at the £3.4 billion ($5.6 billion) fund.
Incumbent BNY Mellon Asset Servicing can rebid. The search is being conducted because BNY Mellon's contract will expire this year.
Proposals are due July 8, with a selection expected sometime this fall.
Custody specialist consultant Thomas Murray Investor Services is helping with the search. For more information, contact Lewis Brown, business development manager, at [email protected].
