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Bank Custodian Search RFP

September 29, 2014

To All Interested Parties:

The Los Angeles City Employees’ Retirement System (LACERS) administers an investment portfolio with approximately $14.4 billion in assets. LACERS is seeking proposals for master trust/custodial services and securities lending. LACERS will consider separate bids for:  1) custody with securities lending; and 2) custody with no securities lending.

LACERS is seeking a firm with at least ten-years experience providing master trust/custody and securities lending services (if applicable) for institutional clients with at least $300 billion in master trust and custody assets.

Emerging firms are encouraged to participate in this search, subject to RFP minimum qualifications.

The search document, which details the minimum qualifications each respondent must meet in order to be considered, as well as the required City forms, is available on LACERS website: www.lacers.org.

Questions and Answers Posted 10/21/14 NEW

Proposal Submittal Deadline:

The deadline for submitting proposals: 5:00 P.M (PST) on Friday, November 7, 2014

Additional schedule information:
Written Questions Submission by email: Monday, October 6, 2014; 5:00 P.M. PDT
Response to Written Questions posted on LACERS website: Friday, October 17, 2014
(Responses will be posted by Tuesday, October 21, 2014)

Submittals received after the deadline will NOT be considered.

Should you have any questions regarding the search parameters, please email them to lacers.invest@lacers.org, with the name of your firm along with the phrase ‘Bank Custodian Search Questions’ appearing in the subject line, prior to 5:00 P.M., Pacific Daylight Time, on Monday, October 6, 2014.

We invite and look forward to your participation in this search.


Thomas Moutes
General Manager