Investment Management and Custodial Services for Pension and OPEB Assets

The government authority in Newark, DE requires investment management and custodial services for its pension and other post-employment benefit assets. The buyer needs an offeror to manage the employee pension fund and trust, attend semi-annual and special Pension Committee meetings, monitor investment performance and compliance, and provide performance reports. Additionally, the buyer requires master custody, safekeeping, clearing, securities processing, cash management, accounting, and reporting services. Offerors must address firm history, ownership, experience, assets under management, litigation, key staff, fiduciary protections, transaction notice capabilities, and a detailed transition plan. The buyer restricts eligibility to onshore US organizations and specifies that work performance will occur offsite. Offerors must submit all questions no later than October 23, 2026. The buyer seeks proposal pricing for a three-year contract period and accepts digital submissions via email or online.