Banking and investment services

Tender description

NHS Wales Shared Services Partnership, hosted by Velindre NHS Trust and on behalf of Powys Teaching Health Board are seeking bids to engage a Charitable Funds Investment Manager. Many of the donations and legacies received by the Charity cannot be spent immediately, as they need to be accumulated to fund the most appropriate purchases to improve patient care or a strategy devised to achieve the terms of the legacy. Therefore, in order to obtain the best return on its reserves, the Charity invests in the stock market. An investment manager is required to manage these investments, in order to maximise the return to the Charity, whilst minimising the risk. A full specification can be found at https://etenderwales.bravosolution.co.uk. NHS Wales Shared Services Partnership, hosted by Velindre NHS Trust and on behalf of Powys Teaching Health Board are seeking bids to engage a Charitable Funds Investment Manager. NHS charitable funds are defined as all monies donated to the Health Board for purposes related to the NHS and include voluntary donations, legacies and fundraising. PTHB is the legal corporate trustee of the Charity which means that whilst the Board members are responsible for the administration of the funds, they are not individually trustees of the Charity. Many of the donations and legacies received by the Charity cannot be spent immediately, as they need to be accumulated to fund the most appropriate purchases to improve patient care or a strategy devised to achieve the terms of the legacy. Therefore, in order to obtain the best return on its reserves, the Charity invests in the stock market. An investment manager is required to manage these investments, in order to maximise the return to the Charity, whilst minimising the risk. A full specification can be found at https://etenderwales.bravosolution.co.uk