Award

R5169_Global Custody Services for Tower Hamlets Pension Fund

TOWER HAMLETS

This public procurement record has 1 release in its history.

Award

02 May 2018 at 14:24

Award Notice
Summary of the contracting process

The procurement process for Global Custody Services for the Tower Hamlets Pension Fund, valued at £245,000, has recently completed. The buying organisation, Tower Hamlets, based in London, sought a service provider capable of offering various global custody services. This tender initiated under an open procurement method had a tender period concluding on 28th November 2017, with the awarded contract commencing on 1st May 2018 and running until 30th April 2023. Following the award on 30th April 2018, the contract was published on 2nd May 2018.

This tender represents an opportunity for businesses in the financial services sector, particularly those specialising in asset management, custody services, and investment accounting. Companies that provide solutions for trade settlement, cash management, and compliance monitoring would find themselves well-suited to compete. The experience in managing assets in diverse global markets will also be valuable for potential bidders aiming to contribute to the efficient administration of the Tower Hamlets Pension Fund.

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Notice Information

Notice Title

R5169_Global Custody Services for Tower Hamlets Pension Fund

Notice Description

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 exchangeservices; cash management; investment accounting; online reporting performance measurement; compliance monitoring; passive currency hedging, and other asset administrationservices which may arise from time to time.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-1ebbe109-2ed6-4d0c-aca5-b19116409490
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/91f76913-8eab-4723-80c7-0da50b695fc6
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

79200000 - Accounting, auditing and fiscal services

Notice Value(s)

Tender Value
£245,000 £100K-£500K
Lots Value
Not specified
Awards Value
£125,876 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
2 May 20187 years ago
Submission Deadline
28 Nov 2017Expired
Future Notice Date
Not specified
Award Date
29 Apr 20187 years ago
Contract Period
30 Apr 2018 - 30 Apr 2023 Over 5 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
TOWER HAMLETS
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
E14 2BG
Post Town
East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI42 Tower Hamlets
Delivery Location
TLI London
Local Authority
Tower Hamlets
Electoral Ward
Poplar
Westminster Constituency
Poplar and Limehouse

Supplier Information

Number of Suppliers
1
Supplier Name

NORTHERN TRUST

Further Information

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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