July 12, 2016
The Illinois State Board of Investment (“ISBI”) hereby issues a request for competitive proposals (“RFP”) from qualified custodial banks that provide comprehensive domestic and international master trust/custodial services (acting in the capacity of a plan fiduciary), including, but not be limited to, the following services: securities safekeeping, settlement, valuation and lending; performance measurement; foreign exchange; collection of income and providing a management/accounting and information retrieval system, among others for ISBI’s Defined Benefit Plan. A firm submitting a proposal is referred to as “Respondent” or “Custodian.”
All forms needed for submitting a response to this RFP are available on the ISBI’s website at: http://www.isbi.illinois.gov/RFP.htm. Respondents to this RFP are responsible for monitoring the ISBI’s website for information pertaining to the RFP, while the RFP is outstanding.
ISBI is a non-appropriated state agency that is responsible for managing and investing the pension assets of the Illinois General Assembly Retirement System, the Judges’ Retirement System of Illinois and the State Employees’ Retirement System of Illinois. ISBI’s net assets totaled $15.4 billion as of March 31, 2016. More information regarding ISBI can be found by reviewing its enabling statute at 40 ILCS 5/22A and its website at: http://www.isbi.illinois.gov. Please review the attached excel spreadsheet labeled as “ISBI Asset Allocation” for additional information regarding ISBI’s investment program.
NAST Appointed to Congressional Task Force on Intergovernmental Affairs https://goo.gl/do8ZYR