Trust and custody services

Tender description

The London Borough of Tower Hamlets is seeking tenders from suitably skilled and qualified organisations for the provision of a Global Custody Service for the Council's Pension Fund. The successful bidder will be awarded a 3 year contract with the option to extend by another 2 years. The Global Custody Provider will provide services including but not limited to The provider will be required to supply the following Global Custody Services; safekeeping of assets in a range of global markets; trade settlement; tax reclaims; corporate actions instruction and collection; proxy voting facilitation; foreign exchange services; cash management; investment accounting; online reporting performance measurement; compliance monitoring; passive currency hedging, and other asset administration services which may arise from time to time. The Local Government Pension Scheme (LGPS) is a national scheme administered on a local basis by The London Borough of Tower Hamlets, providing current and future benefits for approximately 19 140 scheme members.