---
title: "Transition Manager JPM-FBI"
ocid: "ocds-b5fd17-0ab40b26-c807-4381-8493-9057ec4c3c56"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-0ab40b26-c807-4381-8493-9057ec4c3c56"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-0ab40b26-c807-4381-8493-9057ec4c3c56.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-0ab40b26-c807-4381-8493-9057ec4c3c56.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "STAFFORDSHIRE COUNTY COUNCIL"
published: "2023-09-25"
---

# Transition Manager JPM-FBI

Buyer: STAFFORDSHIRE COUNTY COUNCIL  
Current stage: Award  
OCID: ocds-b5fd17-0ab40b26-c807-4381-8493-9057ec4c3c56

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-0ab40b26-c807-4381-8493-9057ec4c3c56)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-0ab40b26-c807-4381-8493-9057ec4c3c56.json)

## Summary

The Staffordshire County Council has awarded a contract for Transition Manager JPM-FBI services, valued at £86,190, to Macquarie Capital (Europe) Limited. The contract period is from 1st August 2023 to 31st October 2023. The procurement process involved the divestment from J.P. Morgan and investment into the LGPS Central FBI fund, with the goal of reducing costs and optimizing asset allocation for the Staffordshire Pension Fund based in the West Midlands, United Kingdom.

This tender for Transition Manager services presents an opportunity for financial investment firms or asset management companies looking to engage in pension investment services. The contracting authority, Staffordshire County Council, has identified a need to transition assets 'in-specie' and reallocate investments, creating an opportunity for businesses with expertise in factor-based investment equities. The procurement method used was 'Other - Exception against internal procurement regulations', indicating a specialized approach tailored to the unique requirements of the contracting authority.

## Notice

Transition manager, who will manage the divestment from J.P. Morgan and investment into the LGPS Central FBI fund. The transition manager will reduce costs by transitioning assets 'in-specie' where possible and position the assets into the desired portfolio for the new investment. Staffordshire Pension Fund invests in a variety of listed equity assets. At the Pensions Panel on 6 June 2023, Members approved an increase in the Fund's allocation to Factor-Based Investment (FBI) equities from 5.0% to 8.8% of the Fund. As part of this approval, an allocation of 4.4% (cPS295m) of the Fund was awarded to a new investment, the LGPS Central All World Equity Climate Multi Factor Fund. The assets to fund this investment were approved to be taken from an existing manager, J.P. Morgan, who currently manage over 10% of Fund assets.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/9ab6c0f2-1c9f-46c6-8d6d-aa8c846a0eac |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Not Specified |
| Procurement method details | Other - Exception against internal procurement regulations |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 25 Sep 2023 |
| Submission deadline | 19 Jul 2023 |
| Future notice date | Not specified |
| Award date | 18 Jul 2023 |
| Contract period | 31 Jul 2023 - 31 Oct 2023 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £86,190 |
| Lots value | Not specified |
| Awards value | £86,190 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | STAFFORDSHIRE COUNTY COUNCIL |
| Locality | STAFFORD |
| Post town | Stoke-on-Trent |
| Postcode | ST16 2DH |
| Country | England |
| ITL 1 | TLG West Midlands (England) |
| ITL 2 | TLG2 Shropshire and Staffordshire |
| ITL 3 | TLG24 Staffordshire CC |
| Local authority | Stafford |
| Electoral ward | Forebridge |
| Westminster constituency | Stafford |
| Delivery location | TLG West Midlands (England) |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | MACQUARIE CAPITAL (EUROPE |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66131100 - Pension investment services

## Release History

- 25 Sep 2023 at 06:41 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/9ab6c0f2-1c9f-46c6-8d6d-aa8c846a0eac

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/9ab6c0f2-1c9f-46c6-8d6d-aa8c846a0eac
  25th September 2023 - Awarded contract notice on Contracts Finder

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-0ab40b26-c807-4381-8493-9057ec4c3c56. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-0ab40b26-c807-4381-8493-9057ec4c3c56.json.