Chattanooga (Tenn.) Fire and Police Pension Fund is searching for a firm to provide trust and custody services, said Frank Hamilton, fund administrator.
The $230 million pension fund issues an RFP for these services every five to eight years for due diligence, Mr. Hamilton said. Current custodian Wells Fargo is invited to rebid.
Proposals are due at 4 p.m. EDT on Aug. 10. A decision is expected by Oct. 1. The RFP is available on the fund's website.