Tampa (Fla.) General Employees' Pension Fund hired Northern Trust as custodian, recently released board meeting minutes said.
The $658 million pension fund conducted an invitation-only search earlier this year as part of “due diligence efforts,” the minutes said. Incumbent custodian J.P. Morgan Chase was invited to bid and did so. Other finalists were Comerica and U.S. Bank.
Investment consultant Asset Consulting Group assisted.
Natasha Neagu, plan administrator, could not be immediately reached to provide further information.
