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Active Multi Asset Investment Manager

Renfrewshire Council

This public procurement record has 2 releases in its history.

Award

07 Oct 2024 at 01:00

OJEU - F3 - Contract Award Notice
Tender

05 Mar 2024 at 00:00

OJEU - F2 - Contract Notice
Summary of the contracting process

Renfrewshire Council has appointed LGT Wealth Management as the Active Multi Asset Investment Manager to oversee various investment funds including the Paisley Common Good Fund, Renfrew Common Good Fund, Renfrewshire Educational Trust, and the Renfrewshire Council Insurance Fund. This contract, awarded under an open procurement method, commenced on 26 September 2024, with the tender process reaching the award stage. The entire procurement process was conducted in accordance with the Government Procurement Agreement (GPA) threshold for services, and the contract is valued at £698,610. The primary focus of this procurement falls under the industry category of "financial services" (CPV: 66100000) and is meant to generate returns to support community projects within Renfrewshire, specifically in the UKM83 region.

This tender creates significant opportunities for firms specialising in multi-asset investment management and financial services. Companies with robust financial acumen, compliance with regulatory requirements, and a strong track record in handling large-scale investment portfolios will find this contract particularly lucrative. Renfrewshire Council prioritises firms that can deliver superior quality and secure cyber principles, making it ideal for large-scale investment firms with advanced technological capabilities and a demonstrated history of effective financial management. The project supports community initiatives, presenting additional CSR opportunities which can enhance a firm's local community engagement and corporate image.

How relevant is this notice?

Notice Information

Notice Title

Active Multi Asset Investment Manager

Notice Description

Renfrewshire Council (the Council) acting on behalf of itself and for associated Charities who are seeking to appoint an Active Multi Asset Investment Manager ( hereinafter referred to as the "Investment Manager" or " Service Provider") to manage the investments and generate a return which is then distributed to support community projects. The Investment Manager will manage: - the Paisley Common Good Fund and the Renfrew Common Good Fund ("Common Good Funds"), - the Renfrewshire Educational Trust ("Educational Trust") and - the Renfrewshire Council Insurance Fund ("Insurance Fund")

Lot Information

Lot 1

The Tender Procedure will be conducted in accordance with an above Government Procurement Agreement (GPA) Threshold Open Tender procedure relating to a Services Contract.

Renewal: The Contract has the option to extend for up to two (2) years. Any extension will be at the sole discretion of Renfrewshire Council, and dependent on satisfactory performance.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000757610
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=OCT515641
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
OJEU - F3 - Contract 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

66 - Financial and insurance services

CPV Codes

66100000 - Banking and investment services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£698,610 £500K-£1M

Notice Dates

Publication Date
7 Oct 20241 years ago
Submission Deadline
5 Apr 2024Expired
Future Notice Date
Not specified
Award Date
26 Sep 20241 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Renfrewshire Council
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
PAISLEY
Postcode
PA1 1JB
Postcode Area
Paisley
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM3 West Central Scotland
Small Region (ITL 3)
TLM33 Inverclyde, East Renfrewshire, and Renfrewshire
Delivery Location
TLM83 Inverclyde, East Renfrewshire, and Renfrewshire
Local Authority
Renfrewshire
Electoral Ward
Paisley East and Central
Westminster Constituency
Paisley and Renfrewshire South

Supplier Information

Number of Suppliers
1
Supplier Name

LGT Wealth Management

Further Information

Notice Documents

  • https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=MAR500121
    Active Multi Asset Investment Manager - Renfrewshire Council (the Council) acting on behalf of itself and for associated Charities who are seeking to appoint an Active Multi Asset Investment Manager ( hereinafter referred to as the "Investment Manager" or " Service Provider") to manage the investments and generate a return which is then distributed to support community projects. The Investment Manager will manage: - the Paisley Common Good Fund and the Renfrew Common Good Fund ("Common Good Funds"), - the Renfrewshire Educational Trust ("Educational Trust") and - the Renfrewshire Council Insurance Fund ("Insurance Fund")
  • https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=OCT515641
    Active Multi Asset Investment Manager - Renfrewshire Council (the Council) acting on behalf of itself and for associated Charities who are seeking to appoint an Active Multi Asset Investment Manager ( hereinafter referred to as the "Investment Manager" or " Service Provider") to manage the investments and generate a return which is then distributed to support community projects. The Investment Manager will manage: - the Paisley Common Good Fund and the Renfrew Common Good Fund ("Common Good Funds"), - the Renfrewshire Educational Trust ("Educational Trust") and - the Renfrewshire Council Insurance Fund ("Insurance Fund")

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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