Maryland State Treasurer’s Office is searching for a global custodian for the $44.2 billion Maryland State Retirement & Pension System, Baltimore, said Michael Golden, retirement system spokesman, in an e-mail.
The contract of current custodian State Street Corp. expires on Dec. 31. State Street is invited to rebid, Mr. Golden wrote.
The search does not involve the system’s securities lending program, which is also managed by State Street.
The RFP is available on the treasurer’s website.
Proposals are due by 2 p.m. EDT on July 22 with an anticipated hiring decision on Aug. 31.