Florida pension fund manager chooses Citi for prime
27 October 2014 Tallahassee
Image: Shutterstock
The State Board of Administration of Florida has chosen Citi to provide it with prime services.
Citi and State Board of Administration of Florida, which manages the state’s public employees’ retirement savings, will now begin negotiations over a contract.
The bank had been up against Deutsche Bank, Newedge, Bank of America Merrill Lynch and Pershing, which all responded to the State Board of Administration of Florida’s request for proposals.
State Street, BNY Mellon and Citi had submitted pitches to provide collateral management services following the State Board of Administration of Florida’s request for proposals, but a collateral management provider is yet to be selected.
Citi and State Board of Administration of Florida, which manages the state’s public employees’ retirement savings, will now begin negotiations over a contract.
The bank had been up against Deutsche Bank, Newedge, Bank of America Merrill Lynch and Pershing, which all responded to the State Board of Administration of Florida’s request for proposals.
State Street, BNY Mellon and Citi had submitted pitches to provide collateral management services following the State Board of Administration of Florida’s request for proposals, but a collateral management provider is yet to be selected.
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