AFRICAN DEVELOPMENT BANK GROUP
STAFF RETIREMENT PLAN

REQUEST FOR EXPRESSIONS OF INTEREST
For
DEFINED CONTRIBUTION INVESTMENT MANAGEMENT SERVICES
REF: AFDB/SRPU/EOI/DCAMS-2020

1. The African Development Bank (“ADB” or “the Bank”) is a multilateral development finance
institution, established in 1964 with a mandate to further the economic development and
social progress of African countries, individually and collectively. The Bank currently has 54
African member countries regional member countries-RMCs) and 27 non-African member
countries (non-RMCs) (https://www.afdb.org/en/about-us/corporate-information/members).

2. The Staff Retirement Plan (SRP or the Plan) of the ADB is a “contributory defined benefit
(DB)/defined contribution (DC) scheme” where entitlements of members are accrued on the
basis of:
a. their final average salary and years of contributory membership on the DB component
and
b. accumulations of mandatory contributions in the DC component, plus
c. accumulations of voluntary contributions in the DC component.
SRP intends to shortlist eligible Firms to bid for asset management services for the DC
component.

3. The SRP is seeking a qualified Firm to provide pension fund investment management services
for contributions in the DC component of its retirement scheme. SRP invites qualified
financial institutions who possess the experience, capability and expertise in asset
management and reporting services to express an interest in the provision of those services,
including: discretionary and mandated investment of DC contributions, subject to
guidelines of the Investment Committee of the Plan.

4. If you believe that your company meets our requirements and would like to be considered as a
potential candidate, please submit your details, including the following information.

1 Company Name……………………………
2 Headquarters (country): …………………
3 Physical Address……………………………
4 Contact person………………………………
5 Telephone……………………………………
6 Email…

5. Additional information
? Nationality/Country of Incorporation:
? Indicate experience in the provision of defined contribution pension fund investment
management services.
? Experience of the company in providing ...