Minneapolis Supplier Systems #0000004097

Minneapolis Solicits Investment Custody, Securities Lending, and Trustee Services

The City of Minneapolis is seeking proposals from qualified vendors to provide Investment Custody, Securities Lending, and backup Trustee Services for its Finance and Property Services Department. - Government Buyer: - City of Minneapolis, Finance and Property Services Department (Banking, Investments, and Debt Division) - Services Requested: - Investment Custody Services for safekeeping and administration of approximately $1 billion in fixed income investments - Includes account administration, trade settlement, income collection, liquidity management, and reporting - Securities Lending Services compliant with Minnesota Statutes Chapter 118A - Includes collateral management, borrower oversight, and daily reporting of lent positions, collateral values, and earnings - Trustee Services (optional/future use) for Industrial Development Bonds (IDBs), VEBA, and other public-purpose trusts - Includes fiduciary oversight, compliance, and administration of trust accounts - Products/Line Items: - FPS_Custody, Securities Lending, Trustee Services (1 unit) - Notable Requirements: - Vendors may propose for any combination of services - Must demonstrate experience with large public sector portfolios and compliance with federal, state, and city laws - Robust cybersecurity, data privacy, business continuity, and disaster recovery plans required - Ability to support cloud, on-premise, or SaaS solutions - Detailed reporting, account administration, and pricing responses required - Anticipated expansion of custody relationships and investment types over time - No specific OEMs or named vendors are specified in the solicitation - Place of Performance: - City of Minneapolis, 505 Fourth Ave S, Room 310, Minneapolis, MN 55415 - Contract Structure: - Initial three-year term with two one-year option periods (up to five years total)

Description

The City of Minneapolis is soliciting proposals from qualified vendors to provide one or more of the following services: Investment Custody, Securities Lending, and backup Trustee Services. The solicitation includes detailed requirements and evaluation criteria, with proposals due by July 10, 2026. Vendors must submit proposals electronically through the City's eSupplier Portal and comply with applicable laws, regulations, and City policies. The scope of services and related documents are provided as attachments to the solicitation.

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