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Request for Proposal: Global Custody & Securities Lending Services
SamCERA has issued a Request for Proposal for Global Custody & Securities Lending Services. Learn more about the RFP and important dates.



San Mateo County Employees’ Retirement Association (SamCERA) is embarking on a custodian bank search to determine which firm can best fit SamCERA’s current needs.  The objective of this Request for Proposal (RFP) is to solicit proposals from vendors that can provide requested services that include, but are not limited to asset safekeeping, accounting, securities settlement, cash management, corporate actions, class actions and proxy processing, securities lending, performance and risk analytics, and miscellaneous system queries and reporting requirements.

SamCERA is seeking proposals from organizations that can meet or exceed the following qualifications:

  • At least $1 billion in total market capitalization as of June 30, 2023;
  • At least $500 billion in total tax-exempt assets under trust/custody as of June 30, 2023;
  • Provided custody services for a minimum of ten (10) years; and
  • Provided securities lending services for a minimum of ten (10) years.

Proposal Submission Date and Location

Submit one (1) original and six (6) copies of the complete proposal in paper format and e-mail an electronic copy to 

Proposals must be received by February 12, 2024, at 5:00 p.m. Pacific Time

Address or deliver proposals to:

Michael Coultrip
Chief Investment Officer
100 Marine Parkway, Suite 125
Redwood City, CA 94065

Schedule of Events

The dates below are approximate and are of the period up to the contract start date following award.  SamCERA reserves the right to change the schedule events at any time.

Event Date
Release of RFP January 8, 2024
Deadline for Written Questions January 22, 2024
Release of Responses to Written Questions  January 29, 2024
Proposal Due Date and Time February 12, 2024, 5:00 p.m. Pacific Time
Presentations if Requested February 2024
Announcement of Recommendation March 2024
Last date to submit protest March 2024
Contract Negotiations March-April 2024
Board Approval of Contract April 23, 2024
Anticipated Contract Start Date  July 1, 2024

More Information

For more information and details about this request for proposal, please read the full RFP, attached as a PDF to this webpage under “Related Links.”