Illinois State Board of Investment, Chicago, issued two RFPs in searches for master trust/custodial services for its $15.6 billion defined benefit plan and for the separate account assets of the $4.1 billion Illinois State Employees' 457 Deferred Compensation Plan.
State Street Corp. is custodian for the defined benefit assets and Northern Trust, for $728.5 million in separate account assets of the 457 plan.
Marc Levine, ISBI chairman, and William R. Atwood, executive director, could not be reached for comment.
The RFPs are available on ISBI's website.
Proposals for both the RFPs are due July 27; the board expects to make a decision in both searches by Sept. 15.
Meketa Investment Group, ISBI's investment consultant, is assisting.