Port of Houston Authority is searching for a custodian and trustee for its $199 million pension plan.
The authority is seeking a firm to provide "trustee, clearing, custody, execution, account maintenance, reporting, securities valuation and other related administration services," according to an RFP posted on the authority's procurement website.
Which firm currently provides the services and whether the firm is invited to rebid could not be immediately learned.
The selected custodian and trustee would also provide these services to the authority's $82 million other post-employment benefits trust.
The RFP is available on the authority's procurement website. Proposals are due at 11 a.m. CST on Feb. 19. A timeline for a decision was not provided.
Investment consultant AndCo Consulting is assisting.
Tanika Chukwumerije, manager, contracts, could not be immediately reached to provide further information.
