Investment Management and Custodial Services for Pension and Post-Employment Benefit Assets

A government authority in Newark, Delaware is seeking a qualified provider to deliver investment management and custodial services for pension and other post-employment benefit assets. Investment management responsibilities will include managing the employee pension fund and trust as applicable, attending semi-annual Pension Committee meetings and special meetings upon request, monitoring investment performance and compliance with applicable investment policy statements, and providing investment performance reports.

Proposals must address the firm’s history, ownership structure, experience with governmental and municipal plans, assets under management, registration status, litigation history, key personnel, fiduciary protections, interactions with the Pension Committee and staff, and investment approach. The selected provider will also deliver master custody, safekeeping, clearing, securities processing, cash management, accounting, reporting, and related services.

Offerors must explain their ability to provide same-day transaction notices for matured, sold, or purchased securities and received interest payments. Proposals must include a detailed transition or conversion plan covering measurable benchmarks, responsible parties, required government participation, lead time, potential effects on trading or account activity, asset-loss risk controls, and draft contract documents. The contract period will be three years, and questions are due by October 23, 2026.