Custodial Banking Services for University Investments

Florida State University is seeking qualified financial institutions to provide comprehensive custodial banking services that support the university’s investment activities. The scope includes safekeeping of assets, detailed reporting, cash‑management, settlement coordination, risk‑management, and technology integration with the university’s treasury and accounting platforms, while ensuring compliance with Florida statutes and coordination with the selected fund manager, Federated Hermes. • Provide secure, transparent safekeeping of the university’s investment portfolio (fixed‑income, short‑to‑intermediate duration strategies, commingled vehicles, and separately‑managed accounts). • Deliver high‑quality valuation, income collection, performance reporting, and custom data feeds integrated with FSU’s treasury and accounting systems. • Manage cash flows, settlement, and coordination with external investment managers, maintaining strong internal controls and risk‑management practices. • Demonstrate experience serving large public universities or governmental entities and compliance with Florida regulatory requirements. • Offer a long‑term partnership model with competitive, transparent pricing.