A Request for Proposal (RFP) was issued on August 16, 2021 to select a qualified firm to provide Master Custody Services for the Operating, Orlando Post Employment Benefit (OPEB) Trust, General Employees’ Pension, Police Pension, and Firefighters’ Pension funds.

Four (4) responsive proposals were received and reviewed by an Advisory Committee comprised of the following individuals:

Katrina Laudeman, Treasurer, Office of Business and Financial Services, Chairperson 
Shannon Hicks, Treasury Manager, Office of Business and Financial Services
Jessica Mason, Human Resources Assistant Director, Human Resources Division
Jay L. Smith, Chair, Orlando Police Pension Board
Doug Zabin, Chair, Orlando Fire Pension Board

Based on the information presented in the proposals and the evaluation criteria set forth in the RFP, the short-listed firms were ranked by the Advisory Committee in the following order:

Fiscal impact statement attached.

Approving the Ranking established by the Advisory Committee and authorizing the Chief Procurement Officer to negotiate and execute contracts and subsequent renewals with the top ranked firm, State Street Bank and Trust Company, and authorizing the Chief Procurement Officer or Mayor to sign related forms and documents as may be necessary to effectuate the contracts and subsequent renewals. If negotiations are not successful with the top ranked firm, approving and authorizing the Chief Procurement Officer to negotiate with the remaining firms in ranked order and execute contracts and subsequent renewals, with the highest ranked firm with whom agreement is reached. The final negotiated agreements will be subject to review and approval by the City Attorney’s Office.