LACERA seeks custodian 11 December 2012Los Angeles Reporter: Jenna Jones
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LACERA has issued an RFP to find a custodian bank to fulfill a range of services.
The RFP includes, but is not limited to, safekeeping and asset servicing, performance measurement and analytics, plan and investment accounting and compliance monitoring.
In addition, LACERA also requires banking and treasury services from a custodian bank.
One of LACERA’s main concerns is finding a custodian bank that can offer cost-effective solutions “that embrace technology and expert systems, and a disciplined approach in the delivery of custody services”.
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