Danvers (Mass.) Contributory Retirement System is searching for a master custodian, said Susan M. Little, retirement assistant at the $101 million defined benefit plan.
Graystone Consulting, the plan’s investment consultant, is assisting with the search.
State Street is the current custodian. It could not be learned by press time if it can rebid.
A copy of the RFP can be obtained by contacting Ms. Little via e-mail at [email protected].
Proposals should be sent to Clifford L. White, institutional consulting director at Graystone, via mail at Clifford L. White, Graystone Consulting, 125 High St., High Street Tower, Floor 24, Boston, MA 02110, and via e-mail at [email protected].
Proposals are due 1 p.m. EDT April 15. A selection is expected to be made no later than Dec. 31.
Ms. Little and Mr. White did not disclose whether or not this is a replacement search.