Custodian and Investment Services

The Arizona State Retirement System (ASRS) Master Agreement CTR054503 is a comprehensive Indefinite Delivery Vehicle (IDV) for custodian and investment services. The contract covers a wide range of financial management capabilities, including core custody services, alternative assets management, performance analytics, trade processing, income processing, tax reclaim support, corporate actions, accounting, and reconciliation. The IDV enables procurement of sophisticated investment platform services that support managing domestic and international securities, processing capital calls and distributions, and providing detailed performance and risk analytics across multiple investment categories.

The master agreement is awarded to The Bank of New York Mellon, with a contract period from July 1, 2021, to June 30, 2026. The contract type is a Master Agreement specifically for the State of Arizona, with an initial base annual fee of $1,600,000 for core custody services. Additional specialized services can be procured on an as-needed basis, such as Performance Analytics Manager Comparison and Enhanced German Tax Reclaim Services. The contract includes multiple amendments that have added or modified services, such as the Asset Strategy View (ASV) service, which provides comprehensive asset allocation and return data across various institutional investment universes. The IDV is supported by extensive liability insurance coverage, ensuring robust risk management for the state retirement system's investment activities.