2024PR030 IMPQQ for the provision of custodian and related services to the National Treasury Management Agency (NTMA) for funds controlled and managed by the NTMA

The National Treasury Management Agency (“NTMA”) is seeking expressions of interest for the provision of custodian services and other related services, for funds controlled and managed by the NTMA. Please see the Information Memorandum and Pre-Qualification Questionnaire (IMPQQ) attached to this notice for further information. The National Treasury Management Agency …

CPV: 66100000 Banking and investment services, 66162000 Custody services
Place of execution:
2024PR030 IMPQQ for the provision of custodian and related services to the National Treasury Management Agency (NTMA) for funds controlled and managed by the NTMA
Awarding body:
National Treasury Management Agency (NTMA)
Award number:
2024PR030

1. Buyer

1.1 Buyer

Official name : National Treasury Management Agency (NTMA)
Legal type of the buyer : Body governed by public law
Activity of the contracting authority : General public services

2. Procedure

2.1 Procedure

Title : 2024PR030 IMPQQ for the provision of custodian and related services to the National Treasury Management Agency (NTMA) for funds controlled and managed by the NTMA
Description : The National Treasury Management Agency (“NTMA”) is seeking expressions of interest for the provision of custodian services and other related services, for funds controlled and managed by the NTMA. Please see the Information Memorandum and Pre-Qualification Questionnaire (IMPQQ) attached to this notice for further information.
Procedure identifier : a6eadee7-5357-4ea0-8bee-80f6b41dde18
Previous notice : ab6c2111-4983-4f9c-b2b7-780106b6a2e1-01
Internal identifier : 2024PR030
Type of procedure : Competitive dialogue

2.1.1 Purpose

Main nature of the contract : Services
Main classification ( cpv ): 66162000 Custody services
Additional classification ( cpv ): 66100000 Banking and investment services

2.1.2 Place of performance

Country : Ireland
Anywhere in the given country
Additional information : Amounts payable under the Agreement will be linked to the volume of services drawn down at or after contract award as well as optional future services required by the NTMA. Therefore the contract value stated in this notice is the NTMA’s best estimate of the maximum total value of the Agreement but it is not possible to be definitive in this regard or guarantee the volume of services that may be required by the NTMA due to the NTMA’s variable demand for these services. The Agreement does not provide for any minimum term and it may be terminated at any time by the NTMA (or by the Service Provider) on and subject to the terms of the Agreement. Section 11(1) of the Future Ireland Fund and Infrastructure, Climate and Nature Fund Act 2024 provides that the Minister for Finance shall not direct the NTMA to make any payment before 2041 to the Exchequer from the FIF. Accordingly, subject to the NTMA’s right to terminate the Agreement at any time in accordance with its terms, it is possible that the Agreement could remain in place for the period up to 2041 or beyond, at the NTMA’s discretion.

2.1.4 General information

Legal basis :
Directive 2014/24/EU

5. Lot

5.1 Lot technical ID : LOT-0001

Title : 2024PR030 IMPQQ for the provision of custodian and related services to the National Treasury Management Agency (NTMA) for funds controlled and managed by the NTMA
Description : The National Treasury Management Agency (“NTMA”) is seeking expressions of interest for the provision of custodian services and other related services, for funds controlled and managed by the NTMA. Please see the Information Memorandum and Pre-Qualification Questionnaire (IMPQQ) attached to this notice for further information.
Internal identifier : 2024PR030

5.1.1 Purpose

Main nature of the contract : Services
Main classification ( cpv ): 66162000 Custody services
Additional classification ( cpv ): 66100000 Banking and investment services

5.1.2 Place of performance

Country : Ireland
Anywhere in the given country
Additional information :

5.1.6 General information

Procurement Project not financed with EU Funds.
The procurement is covered by the Government Procurement Agreement (GPA) : yes

5.1.7 Strategic procurement

Aim of strategic procurement : Reduction of environmental impacts
Description : Climate change mitigation
Approach to reducing environmental impacts : Climate change mitigation
Green Procurement Criteria : Other Green Public Procurement criteria

5.1.10 Award criteria

Criterion :
Type : Quality
Description : Core Services Requirements
Category of award threshold criterion : Weight (points, exact)
Award criterion number : 350
Criterion :
Type : Quality
Description : Other Service Requirements
Category of award threshold criterion : Weight (points, exact)
Award criterion number : 125
Criterion :
Type : Quality
Description : Future Services
Category of award threshold criterion : Weight (points, exact)
Award criterion number : 75
Criterion :
Type : Quality
Description : Technology / Reporting / Data
Category of award threshold criterion : Weight (points, exact)
Award criterion number : 125
Criterion :
Type : Quality
Description : Onboarding and Operations Services
Category of award threshold criterion : Weight (points, exact)
Award criterion number : 125
Criterion :
Type : Price
Description : Fees
Category of award threshold criterion : Weight (points, exact)
Award criterion number : 200

5.1.12 Terms of procurement

Information about review deadlines : The High Court of Ireland

5.1.15 Techniques

Framework agreement :
No framework agreement
Information about the dynamic purchasing system :
No dynamic purchase system

5.1.16 Further information, mediation and review

Review organisation : The High Court of Ireland
Information about review deadlines : The High Court of Ireland
Organisation providing offline access to the procurement documents : National Treasury Management Agency (NTMA)

6. Results

Value of all contracts awarded in this notice : 250 000 000 Euro

6.1 Result lot ldentifier : LOT-0001

At least one winner was chosen.

6.1.2 Information about winners

Winner :
Official name : The Northern Trust Company, London Branch
Tender :
Tender identifier : 000088071
Identifier of lot or group of lots : LOT-0001
Value of the tender : 250 000 000 Euro
Subcontracting : No
Contract information :
Identifier of the contract : 420612
Date of the conclusion of the contract : 12/06/2025

6.1.4 Statistical information

Received tenders or requests to participate :
Type of received submissions : Requests to participate
Number of tenders or requests to participate received : 7
Type of received submissions : Tenders
Number of tenders or requests to participate received : 3

8. Organisations

8.1 ORG-0001

Official name : National Treasury Management Agency (NTMA)
Registration number : 549300KXBEJAOJ9OVF93
Postal address : Treasury Dock, North Wall Quay
Town : Dublin
Postcode : D01A9T8
Country subdivision (NUTS) : Dublin ( IE061 )
Country : Ireland
Telephone : +353 (0) 1 2384000
Internet address : https://www.ntma.ie
Buyer profile : https://www.ntma.ie
Roles of this organisation :
Buyer
Organisation providing offline access to the procurement documents

8.1 ORG-0002

Official name : The Northern Trust Company, London Branch
Registration number : BR001960
Postal address : 50 Bank Street
Town : Canary Wharf
Postcode : E14 5NT
Country subdivision (NUTS) : Camden and City of London ( UKI31 )
Country : United Kingdom
Roles of this organisation :
Tenderer
Winner of these lots : LOT-0001

8.1 ORG-0003

Official name : The High Court of Ireland
Registration number : The High Court of Ireland
Department : The High Court of Ireland
Postal address : Four Courts, Inns Quay, Dublin 7
Town : Dublin
Postcode : D07 WDX8
Country subdivision (NUTS) : Dublin ( IE061 )
Country : Ireland
Telephone : +353 1 8886000
Roles of this organisation :
Review organisation

8.1 ORG-0004

Official name : European Dynamics S.A.
Registration number : 002024901000
Department : European Dynamics S.A.
Town : Athens
Postcode : 15125
Country subdivision (NUTS) : Βόρειος Τομέας Αθηνών ( EL301 )
Country : Greece
Telephone : +30 2108094500
Roles of this organisation :
TED eSender

11. Notice information

11.1 Notice information

Notice identifier/version : 50022940-1d25-494b-9b47-d603add7a631 - 01
Form type : Result
Notice type : Contract or concession award notice – standard regime
Notice dispatch date : 11/07/2025 17:00 +01:00
Languages in which this notice is officially available : English

11.2 Publication information

Notice publication number : 00461351-2025
OJ S issue number : 133/2025
Publication date : 15/07/2025