When is the submission deadline?

Submissions are due September 25, 2026. Questions must be submitted by September 4, 2026.

It was issued by Maryland State Retirement Agency. The work is located in Baltimore, Maryland, United States.

Who is a good fit for this opportunity?

Global custodian or institutional asset servicing provider. Proven experience administering public-sector or institutional investment portfolios. Capability in multicurrency accounting, securities settlement, safekeeping, and cash management. Expertise in performance measurement using GIPS-compliant methodologies. Established investment compliance monitoring, reporting, and online data delivery platforms. Ability to provide audited financial statements and dedicated technical support.

Global Custody Services (Due September 25, 2026)

Overview

Financial, Legal, HR & Staffing

Baltimore, Maryland, United StatesPosted: August 25, 2026Deadline: September 25, 2026

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SUMMARY

A Baltimore government authority seeks a qualified provider for comprehensive global custody, investment accounting, settlement, reporting, compliance monitoring, and related asset servicing. The contract term is five years, with questions due September 4, 2026.

KEY REQUIREMENTS

Must have at least $500 billion in global custody assets as of December 31st, 2025
Must include domestic and international equity and fixed income assets in custody
Must provide domestic custodial services for at least five U.S.-based public pension clients with over $20 billion in assets under management each
Must have provided global custody services for at least five years to U.S.-based clients with over $20 billion in assets
Must have an automated accounting system for U.S. and international securities
Must be a U.S. domiciled trust company and a member of the Federal Reserve, or a U.S. subsidiary of a foreign bank subject to U.S. court jurisdiction
Must be a financial institution eligible to do business in the State of Maryland
Must have the ability to clear transactions through major book entry or electronic securities depositories
Must have access to vault facilities for physical security of non-eligible securities

CONTRACT DURATION

60 months

TIMELINE

Solicitation Issue Date: August 24th, 2026

Deadline for Receipt of Questions: September 4th, 2026

Proposal Due Date: September 25th, 2026

Oral Presentations: December 8th, 2026

Tentative Contract Award: December 15th, 2026

QUESTION DEADLINE

September 4, 2026

CONTACTS

Primary procurement contact — name, title, email, and phone

Additional decision-makers and their departments

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Issuing Agency

Maryland State Retirement Agency

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DESCRIPTION

A government authority in Baltimore, Maryland is seeking a provider of global custody services for its separately managed investments and assets. Required services include securities settlement, safekeeping, delivery, investment accounting, income collection, securities valuation, investment performance reporting, compliance reporting, short-term cash investments, and related custody and investment administration services.

The selected contractor will provide global master custody, trade-date multicurrency accounting, full accrual accounting, domestic and international depository and nominee services, transaction clearing, cash management, corporate action and class action support, proxy voting, and automated cash sweeps to short-term investment or external money market funds. The contractor will also provide monthly reconciled accounting statements, performance reporting using GIPS-compliant methodologies, investment compliance monitoring, and reporting on trades outside established policies and parameters.

The contractor must provide a secure online information delivery platform for report and data downloads, authorized inquiry-only access, annual financial statements audited by an independent certified public accounting firm in accordance with generally accepted accounting principles, and direct access to appropriate technical personnel. The contract period will be five years. Questions must be submitted by September 4, 2026.

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Frequently asked questions

When is the submission deadline?: Submissions are due September 25, 2026. Questions must be submitted by September 4, 2026.
Who issued this RFP?: It was issued by Maryland State Retirement Agency. The work is located in Baltimore, Maryland, United States.
Who is a good fit for this opportunity?: Global custodian or institutional asset servicing provider
Proven experience administering public-sector or institutional investment portfolios
Capability in multicurrency accounting, securities settlement, safekeeping, and cash management
Expertise in performance measurement using GIPS-compliant methodologies
Established investment compliance monitoring, reporting, and online data delivery platforms
Ability to provide audited financial statements and dedicated technical support

Analysis generated by Settle AI from the source RFP.

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Settle pieces together buyer signals, budgets, contract activity, and the sources your team already monitors. See why an opportunity fits and what to do before the RFP posts.

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