---
title: "R5169_Global Custody Services for Tower Hamlets Pension Fund"
ocid: "ocds-b5fd17-0c251e02-76a8-4257-a986-004b212b6de2"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-0c251e02-76a8-4257-a986-004b212b6de2"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-0c251e02-76a8-4257-a986-004b212b6de2.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-0c251e02-76a8-4257-a986-004b212b6de2.json"
source: "Contracts Finder"
current_stage: "Tender"
buyer: "TOWER HAMLETS"
published: "2017-10-27"
---

# R5169_Global Custody Services for Tower Hamlets Pension Fund

Buyer: TOWER HAMLETS  
Current stage: Tender  
OCID: ocds-b5fd17-0c251e02-76a8-4257-a986-004b212b6de2

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## Summary

The London Borough of Tower Hamlets is currently seeking tenders for the provision of Global Custody Services for its Pension Fund, with a contract valued at £245,000. This procurement process is at the tender stage, and interested organisations must submit their proposals by the deadline of 27th November 2017. The contract is expected to commence on 1st January 2018 and will last for three years, with a possible two-year extension. The procurement method is open, allowing a wide range of service providers to participate. The industry category is classified under trust and custody services, targeting providers capable of delivering comprehensive asset administration services across various global markets.

This tender presents a significant opportunity for businesses specialising in financial services, particularly those with expertise in custody and asset management. Potential bidders may be investment management firms, banks, or financial service companies that are well-versed in trade settlement, compliance monitoring, and similar activities. Suppliers equipped with online reporting capabilities and a strong understanding of regulatory requirements will be particularly well-suited to compete for this contract, which not only enhances the operational efficiency of the Tower Hamlets Pension Fund but also allows successful bidders to establish a long-term relationship with a local authority.

## Notice

The London Borough of Tower Hamlets is seeking tenders from suitably skilled and qualified organisations for the provision of a Global Custody Service for the Council's Pension Fund. The successful bidder will be awarded a 3 year contract with the option to extend by another two years. The Global Custody Provider will provide services including but not limited to 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 exchange services; cash management; investment accounting; online reporting performance measurement; compliance monitoring; passive currency hedging, and other asset administration services which may arise from time to time.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/0d5d1c84-e5f3-4a8f-961d-034d7a3364f7 |
| Notice type | Tender Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | Not specified |
| Awardee scale | Not specified |
| All stages | Tender |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 27 Oct 2017 |
| Submission deadline | 27 Nov 2017 |
| Future notice date | Not specified |
| Award date | Not specified |
| Contract period | 1 Jan 2018 - 31 Jan 2021 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £245,000 |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | Not specified |

## Status

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

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | TOWER HAMLETS |
| Locality | LONDON |
| Post town | East London |
| Postcode | E14 2BG |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI4 Inner London - East |
| ITL 3 | TLI42 Tower Hamlets |
| Local authority | Tower Hamlets |
| Electoral ward | Poplar |
| Westminster constituency | Poplar and Limehouse |
| Delivery location | TLI London |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66160000 - Trust and custody services

## Release History

- 27 Oct 2017 at 15:32 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/0d5d1c84-e5f3-4a8f-961d-034d7a3364f7

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/0d5d1c84-e5f3-4a8f-961d-034d7a3364f7
  27th October 2017 - Opportunity notice on Contracts Finder

## Notice URLs

- http://www.towerhamlets.gov.uk

## 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-b5fd17-0c251e02-76a8-4257-a986-004b212b6de2. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-0c251e02-76a8-4257-a986-004b212b6de2.json.