Award

Award of CT1544 Global Custody Services

THE CITY OF EDINBURGH COUNCIL

This public procurement record has 1 release in its history.

Award

19 Feb 2026 at 09:51

Summary of the contracting process

The City of Edinburgh Council has concluded the award stage of a procurement process for Global Custody Services required by the Lothian Pension Fund. The services fall under the financial and insurance sector, specifically focusing on trust and custody related activities. The procurement was initiated with a mini competition under the National LGPS Framework Agreement, and Northern Trust was named as the supplier for this task, with an award valued at £4,000,000. Key dates include the tender's initiation on 3rd January 2026, marking its commencement in Edinburgh, Scotland, with activities proceeding through till the award on 19th February 2026.

This tender, centered around the provision of Global Custody Services, represents substantial business growth opportunities within the financial services industry, especially for companies specializing in trust and custody roles. Businesses with a proven track record in managing and safeguarding financial assets would find this opportunity particularly rewarding. It highlights the continued demand for expert custodial management and offers a lucrative engagement for professionals within the sector, fostering expansion and deeper penetration of financial service providers in the market governed by public sector financial operations.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Notice Title

Award of CT1544 Global Custody Services

Notice Description

Lothian Pension Fund is seeking to appoint a Provider for the provision of Global Custody Services. A mini competition is being undertaken utilising the National LGPS Framework Agreement for Global Custody Services (Reference:NCCT42038).

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000810720
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=FEB549944
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
PCS Notice - Quick Quote Award
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66000000 - Financial and insurance services

66160000 - Trust and custody services

66162000 - Custody services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£4,000,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
19 Feb 20264 days ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
19 Feb 20264 days ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
THE CITY OF EDINBURGH COUNCIL
Additional Buyers

FIFE COUNCIL

PERTH & KINROSS COUNCIL

SCOTTISH GOVERNMENT

Contact Name
Commercial and Procurement Services, Communities (Public Transport Unit), Corporate Procurement, Scottish Government Procurement Team
Contact Email
jstrachan@pkc.gov.uk, juliet.hall@fife.gov.uk, nicole.sherry@edinburgh.gov.uk
Contact Phone
+44 1738475000, +44 3451550000, +44 412425466, 0

Buyer Location

Locality
GLASGOW
Postcode
G2 8LU
Post Town
Glasgow
Country
Scotland

Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM1 East Central Scotland
Small Region (ITL 3)
TLM13 City of Edinburgh
Delivery Location
Not specified

Local Authority
City of Edinburgh
Electoral Ward
City Centre
Westminster Constituency
Edinburgh East and Musselburgh

Supplier Information

Number of Suppliers
5
Supplier Names

3X1

ACE TAXIS PERTH

FAIRWAYS (GM

MAN TRUCK & BUS

NORTHERN TRUST

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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.

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-r6ebe6-0000810720-2026-02-19T09:51:53Z",
    "date": "2026-02-19T09:51:53Z",
    "ocid": "ocds-r6ebe6-0000810720",
    "initiationType": "tender",
    "parties": [
        {
            "id": "org-1",
            "name": "Scottish Government",
            "address": {
                "streetAddress": "5 Atlantic Quay",
                "locality": "Glasgow",
                "postalCode": "G2 8LU"
            },
            "contactPoint": {
                "name": "Scottish Government Procurement Team",
                "telephone": "+44 412425466",
                "url": "http://www.scotland.gov.uk"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "org-2",
            "name": "3x1",
            "address": {
                "streetAddress": "45 West Nile Street",
                "locality": "Glasgow",
                "postalCode": "G1 2PT"
            },
            "contactPoint": {
                "name": "Katrine Pearson"
            },
            "roles": [
                "supplier"
            ]
        },
        {
            "id": "org-3",
            "name": "Fife Council",
            "address": {
                "streetAddress": "Fife House",
                "locality": "Glenrothes",
                "postalCode": "KY7 5LT"
            },
            "contactPoint": {
                "name": "Corporate Procurement",
                "email": "juliet.hall@fife.gov.uk",
                "telephone": "+44 3451550000",
                "url": "http://www.fife.gov.uk"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "org-4",
            "name": "Fairways (GM) Ltd.",
            "address": {
                "streetAddress": "Bridgend Industrial Estate",
                "locality": "Kinross",
                "postalCode": "KY138GF"
            },
            "contactPoint": {
                "name": "Sales Fairways GM Ltd"
            },
            "roles": [
                "supplier"
            ]
        },
        {
            "id": "org-5",
            "name": "MAN Truck & Bus UK Ltd",
            "address": {
                "streetAddress": "1 Clark Way",
                "locality": "Bellshill",
                "postalCode": "ML4 3NX"
            },
            "contactPoint": {
                "name": "george macphee"
            },
            "roles": [
                "supplier"
            ]
        },
        {
            "id": "org-6",
            "name": "Perth & Kinross Council",
            "address": {
                "streetAddress": "2 High Street",
                "locality": "Perth",
                "postalCode": "PH1 5PH"
            },
            "contactPoint": {
                "name": "Communities (Public Transport Unit)",
                "email": "JStrachan@pkc.gov.uk",
                "telephone": "+44 1738475000",
                "url": "http://www.pkc.gov.uk/article/15478/Tenders-and-contracts"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "org-7",
            "name": "Ace Taxis Perth Ltd",
            "address": {
                "streetAddress": "271 High Street",
                "locality": "Perth",
                "postalCode": "PH1 5QN"
            },
            "contactPoint": {
                "name": "Anddy Lothian"
            },
            "roles": [
                "supplier"
            ]
        },
        {
            "id": "org-8",
            "name": "The City of Edinburgh Council",
            "address": {
                "streetAddress": "Waverley Court",
                "locality": "Edinburgh",
                "postalCode": "EH8 8BG"
            },
            "contactPoint": {
                "name": "Commercial and Procurement Services",
                "email": "nicole.sherry@edinburgh.gov.uk",
                "telephone": "0",
                "url": "http://www.edinburgh.gov.uk"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "org-9",
            "name": "Northern Trust",
            "address": {
                "streetAddress": "50 Bank Street",
                "locality": "Canary Wharf, London",
                "postalCode": "E14 5NT"
            },
            "contactPoint": {
                "name": "Liza Clarke"
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "name": "The City of Edinburgh Council",
        "id": "org-8"
    },
    "tender": {
        "id": "tender-824075",
        "title": "Award of CT1544 Global Custody Services",
        "description": "Lothian Pension Fund is seeking to appoint a Provider for the provision of Global Custody Services. A mini competition is being undertaken utilising the National LGPS Framework Agreement for Global Custody Services (Reference:NCCT42038).",
        "mainProcurementCategory": "services",
        "tenderPeriod": {
            "startDate": "2026-01-03T00:00:00Z"
        },
        "additionalClassifications": [
            {
                "id": "66000000",
                "description": "Financial and insurance services",
                "scheme": "CPV"
            },
            {
                "id": "66160000",
                "description": "Trust and custody services",
                "scheme": "CPV"
            },
            {
                "id": "66162000",
                "description": "Custody services",
                "scheme": "CPV"
            }
        ]
    },
    "awards": [
        {
            "id": "awd-1",
            "value": {
                "amount": 4000000,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "org-9",
                    "name": "Northern Trust"
                }
            ],
            "items": [
                {
                    "id": "awditem-1",
                    "description": "Lothian Pension Fund is seeking to appoint a Provider for the provision of Global Custody Services. A mini competition is being undertaken utilising the National LGPS Framework Agreement for Global Custody Services (Reference:NCCT42038)."
                }
            ]
        }
    ],
    "contracts": [
        {
            "id": "awd-1",
            "awardID": "awd-1",
            "status": "active"
        }
    ],
    "bids": {
        "statistics": [
            {
                "id": "1",
                "measure": "bids",
                "value": 4
            }
        ]
    },
    "noticetype": "PCS Notice - Quick Quote Award"
}