VPIC Custodial Services

The Vermont Pension Investment Commission (VPIC) seeks a Master Custodian to provide comprehensive custodial, accounting, reporting, cash‑management, and optional securities‑lending and indexing services for its $8 billion portfolio. The contract will run for an initial five‑year term beginning July 1 2027 with two possible five‑year extensions, and the selected vendor must meet stringent qualification, credit‑rating, and security‑compliance requirements. Bidders must submit a single PDF response by mid‑November 2026 and may be required to submit a Best‑and‑Final Offer before award. • Provide full‑service custodial functions including account setup, daily positions, trade‑date accounting, corporate‑action handling, and detailed monthly NAV and plan‑accounting reports. • Offer optional securities‑lending and index‑fund services, including collateral management, revenue‑sharing, and ESG integration if elected. • Demonstrate robust technology (online portal, daily trial balances) and compliance with NIST‑800‑53, SOC 2 Type 2, and Vermont state data‑protection statutes; include a detailed transition plan from the current custodian (JPMorgan).