Issue details

KD 5520 - Global Custody Tendering

Enfield Pension Fund in conjunction with other six London Local Authorities Pension Fund are running a joint competition of Global Custody Search.
A custodian is responsible for the safekeeping of the fund’s securities. This function may be carried out by a custodian appointed directly by the fund, or via appointed fund managers. Current best practice is for funds to appoint their own custodian hence the Enfield Pension Fund and the other six London borough funds.

Decision type: Key

Reason Key: Expenditure/Savings > £500,000;

Decision status: For Determination

Wards affected: (All Wards);

Notice of proposed decision first published: 05/08/2022

Decision due: Not before 26th Sep 2022 by Executive Director - Resources

Department: Resources Department

Contact: Ravi Lakhani, Interim Head of Pension Investments Email: Tel: 0208 132 1588.

Part 1 & 2 (Para 3): Part 1 & 2 (Para 3)