Texas Teacher Retirement System, Austin, is searching for a custodian and securities lending services firm for a five-year contract effective Jan. 1, 2015, with possible extensions of up to two years.
State Street Bank is TRS' current custodian and may rebid, said Howard J. Goldman, a spokesman for the fund, in an e-mail.
An RFP on the state's procurement website said responses are due by 5 p.m. CDT on May 9. The board of trustees of the $124 billion pension fund will award the contract to a custodial firm at its meeting on July 11.
