Lancashire County Council Pension Fund, Preston, England, is searching for a global custodian.
The £7.2 billion ($9.6 billion) local government pension scheme fund wants a custodian to provide services including safekeeping of assets, trade settlements, tax reclaims, cash management and investment accounting.
The pension fund's current custodian is Northern Trust, according to the fund's latest annual report.
A notice on the procurement website Tenders Electronic Daily said the pension fund is looking for a single provider. The contract begins April 1 and runs to March 31, 2021. There is also an option to extend the contract for a further three years.
Proposals are due Jan. 26. An expected hiring date could not be learned.
Spokesmen for the council could not be reached for comment.
Abbie Parrott contributed to this story.