Published date: 27 October 2017
Closed opportunity - This means that the contract is currently closed. The buying department may be considering suppliers that have already applied, or no suitable offers were made.
Contract summary
Industry
Trust and custody services - 66160000
Location of contract
London
Value of contract
£245,000
Procurement reference
TOWER001-DN304992-28208728
Published date
27 October 2017
Closing date
27 November 2017
Contract start date
1 January 2018
Contract end date
31 January 2021
Contract type
Service contract
Procedure type
Open procedure
Any interested supplier may submit a tender in response to an opportunity notice.
Contract is suitable for SMEs?
No
Contract is suitable for VCSEs?
No
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 two 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.
About the buyer
Contact name
Neil Ward
Address
Mulberry Place
5 Clove Crescent, Town Hall
London
E14 2BG
England
Telephone
+44 2073645000
Website
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Closing: 27 November 2017
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