UK – Flintshire County Council in Wales has put out to tender a global custody mandate for the 450 million pound (682.8 million euro) Clwyd pension fund.

The current custodian is Deutsche Bank, which sold off its custody business to State Street in November last year.

The mandate will be awarded to the most economically advantageous tender regarding price, quality, technical merit and assistance, and will have no fixed duration.

Applications must be received by February 19, with the contract to be awarded with effect from July 1.