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Summary

OCID:: ocds-kuma6s-018988
Published by:: NHS Wales Shared Services Partnership-Procurement Services (hosted by Velindre University NHS Trust)
Authority ID:: AA0221
Publication date:: 18 April 2018
Deadline date:: -
Notice type:: Contract Award Notice
Has documents:: No
Has SPD:: No
Has Carbon Reduction Plan:: N/A

Abstract

The Betsi Cadwaladr University Health Board Charity and other related Charities (the Charity), registered charity number 1138976, is constituted under a trust deed dated 23rd September 2010. Within this group registration arrangement there are two charities: • Betsi Cadwaladr University Health Board Charity; and • The Ron and Margaret Smith Cancer Appeal NHS charitable funds are defined as all monies donated to the Health Board for purposes related to the NHS and include voluntary donations, legacies and fundraising. BCUHB is the legal corporate trustee of the Charity which means that whilst the Board members are responsible for the administration of the funds, they are not individually trustees of the Charity. On 24th June 2013, the BCUHB Charitable Funds Committee agreed to rename the Charity as Awyr Las Gogledd Cymru/Blue Sky North Wales. The vision of the Charity is stated as ‘To use Charitable Funds to make a real difference to our patients, their families and staff across North Wales in the delivery of safe and effective healthcare’ (Making it happen – a Strategy for Charitable Funds Income, November 2010). Many of the donations and legacies received by the Charity cannot be spent immediately, as they need to be accumulated to fund the most appropriate purchases to improve patient care. Therefore, in order to obtain the best return on its reserves, the Charity invests in the stock market. An investment manager is required to manage these investments, in order to maximise the return to the Charity, whilst minimising the risk. A separate portfolio to that of the main Charity is maintained on behalf of the Ron and Margaret Smith Cancer Appeal and all income and profits generated by this portfolio are returned directly to the Appeal. Therefore, the Charity requires the management of two portfolios under one umbrella. The Charity has adopted an ethical framework for its investments, with underlying principles supporting an ethical component of the overall investment strategy. This gives direction to the investment manager to develop a suitable investment strategy which is consistent with these ethical principles, whilst affording sufficient flexibility to provide the best balance of risk and reward for the Charity.

Full notice text

CONTRACT AWARD NOTICE – NATIONAL

Notice Type: SERVICES

1 Authority Details

1.1 Authority Name and Address

Official Name: NHS Wales Procurement Services
Postal Address: Procurement, Alder Court, Alder House, St Asaph Business Park,
Town: St Asaph	Postal Code: LL170JL	Country: UK
For the attention of: Deborah Evans	Telephone: +44 1745448499
E-Mail: deborah.evans6@wales.nhs.uk	Fax: +44 174584126
Internet Address (URL): http://www.procurement.wales.nhs.uk

2 Contract Details

2.1 Title

T.0435 Investment Manager for Charitable Funds

2.2 Description of the contract

• Betsi Cadwaladr University Health Board Charity; and

• The Ron and Margaret Smith Cancer Appeal

NHS charitable funds are defined as all monies donated to the Health Board for purposes related to the NHS and include voluntary donations, legacies and fundraising. BCUHB is the legal corporate trustee of the Charity which means that whilst the Board members are responsible for the administration of the funds, they are not individually trustees of the Charity. On 24th June 2013, the BCUHB Charitable Funds Committee agreed to rename the Charity as Awyr Las Gogledd Cymru/Blue Sky North Wales. The vision of the Charity is stated as ‘To use Charitable Funds to make a real difference to our patients, their families and staff across North Wales in the delivery of safe and effective healthcare’ (Making it happen – a Strategy for Charitable Funds Income, November 2010).

Many of the donations and legacies received by the Charity cannot be spent immediately, as they need to be accumulated to fund the most appropriate purchases to improve patient care. Therefore, in order to obtain the best return on its reserves, the Charity invests in the stock market.

An investment manager is required to manage these investments, in order to maximise the return to the Charity, whilst minimising the risk. A separate portfolio to that of the main Charity is maintained on behalf of the Ron and Margaret Smith Cancer Appeal and all income and profits generated by this portfolio are returned directly to the Appeal. Therefore, the Charity requires the management of two portfolios under one umbrella.

The Charity has adopted an ethical framework for its investments, with underlying principles supporting an ethical component of the overall investment strategy. This gives direction to the investment manager to develop a suitable investment strategy which is consistent with these ethical principles, whilst affording sufficient flexibility to provide the best balance of risk and reward for the Charity.

2.3 Notice Coding and Classification

a) Commodity Codes

	Code		Description
	66100000		Banking and investment services
	66110000		Banking services
	66111000		Central bank services
	66120000		Investment banking services and related services
	66121000		Mergers and acquisition services
	66122000		Corporate finance and venture capital services
	66130000		Brokerage and related securities and commodities services
	66140000		Portfolio management services
	66150000		Financial markets administration services
	66151000		Financial market operational services
	66160000		Trust and custody services
	66170000		Financial consultancy, financial transaction processing and clearing-house services

b) Delivery Location/Area

	Code		Location
	1011		Isle of Anglesey
	1012		Gwynedd
	1013		Conwy and Denbighshire
	1023		Flintshire and Wrexham

2.4 Estimated Total Value

3 Procedure

3.1 Type of Procedure

Single stage

4 Award of Contract

4.1 Successful Bidders

4.1.1 Name and Address of successful supplier, contractor or service provider

Contract No:

Official Name: Ccla
Postal Address: Senator House, 85 Queen Victoria Street,
Town: London	Postal Code: EC4V 4ET	Country: UK
For the attention of:	Telephone:
E-Mail:	Fax:
Internet Address (URL): www.ccla.co.uk

Contract No:

Official Name: Bmo Global Asset Management (Formerly F&C)
Postal Address: Exchange House, 12 Primrose Street,
Town: London	Postal Code: EC2A 2NY	Country: UK
For the attention of:	Telephone:
E-Mail:	Fax:
Internet Address (URL):

Contract No:

Official Name: Investec Wealth & Investment
Postal Address: 2 Gresham Street,
Town: London	Postal Code: EC2V 7QN	Country: UK
For the attention of:	Telephone:
E-Mail:	Fax:
Internet Address (URL):

Contract No:

Official Name: James Hambro And Partners
Postal Address: Ryder Court, 14 Ryder Street,
Town: London	Postal Code: SW1Y 6QB	Country: UK
For the attention of:	Telephone:
E-Mail:	Fax:
Internet Address (URL):

Contract No:

Official Name: Newton Investment Management Limited
Postal Address: 160 Queen Victoria Street,
Town: London	Postal Code: EC4V 4LA	Country: UK
For the attention of:	Telephone:
E-Mail:	Fax:
Internet Address (URL):

Contract No:

Official Name: Quilter Cheviot
Postal Address: Suite 6, Conwy Business Centre, Junction Way,
Town: Llandudno Junction	Postal Code: LL31 9XX	Country: UK
For the attention of:	Telephone:
E-Mail:	Fax:
Internet Address (URL):

Contract No:

Official Name: Rathbone Investment Management
Postal Address: Port Of Liverpool Building, Pier Head,
Town: Liverpool	Postal Code: L3 1NW	Country: UK
For the attention of:	Telephone:
E-Mail:	Fax:
Internet Address (URL):

Contract No:

Official Name: Sarasin & Partners
Postal Address: Juxon House, 100 St. Paul's Churchyard,
Town: London	Postal Code: EC4M 8BU	Country: UK
For the attention of:	Telephone:
E-Mail:	Fax:
Internet Address (URL):

Contract No:

Official Name: Schroders Plc.
Postal Address: 31 Gresham Street,
Town: London	Postal Code: EC2V 7QA	Country: UK
For the attention of:	Telephone:
E-Mail:	Fax:
Internet Address (URL):

5 Other Information

5.1 Reference number attributed to the notice by the contracting authority

T.0435

5.2 Date of Contract Award

25-02-2015

5.3 Number of tenders received

5.4 Other Information

(WA Ref:81058)

5.5 Additional Documentation

N/a

5.6 Publication date of this notice:

18-04-2018

SF 53

Coding

Commodity categories

ID	Title	Parent category
66100000	Banking and investment services	Financial and insurance services
66110000	Banking services	Banking and investment services
66130000	Brokerage and related securities and commodities services	Banking and investment services
66111000	Central bank services	Banking services
66122000	Corporate finance and venture capital services	Investment banking services and related services
66170000	Financial consultancy, financial transaction processing and clearing-house services	Banking and investment services
66151000	Financial market operational services	Financial markets administration services
66150000	Financial markets administration services	Banking and investment services
66120000	Investment banking services and related services	Banking and investment services
66121000	Mergers and acquisition services	Investment banking services and related services
66140000	Portfolio management services	Banking and investment services
66160000	Trust and custody services	Banking and investment services

Delivery locations

ID	Description
1013	Conwy and Denbighshire
1023	Flintshire and Wrexham
1012	Gwynedd
1011	Isle of Anglesey

Alert region restrictions

The buyer has restricted the alert for this notice to suppliers based in the following regions.

ID	Description
There are no alert restrictions for this notice.

Document family

Notice details
NOV060052: T.0435 Investment Manager for Charitable Funds Publication date: 25 November 2014 Deadline date: 23 December 2014 00:00 Notice type: Contract Notice Authority name: NHS Wales Shared Services Partnership-Procurement Services (hosted by Velindre University NHS Trust)
APR249678: T.0435 Investment Manager for Charitable Funds Publication date: 18 April 2018 Notice type: Contract Award Notice Authority name: NHS Wales Shared Services Partnership-Procurement Services (hosted by Velindre University NHS Trust)

About the buyer

Main contact:: deborah.evans6@wales.nhs.uk
Admin contact:: N/a
Technical contact:: N/a
Other contact:: N/a

Further information

Date	Details
No further information has been uploaded.

T.0435 Investment Manager for Charitable Funds

Contents

Summary

Abstract

Full notice text

CONTRACT AWARD NOTICE – NATIONAL

1 Authority Details

1.1

Authority Name and Address

2 Contract Details

2.1

Title

2.2

Description of the contract

2.3

Notice Coding and Classification

2.4

Estimated Total Value

3 Procedure

3.1

Type of Procedure

4 Award of Contract

4.1

Successful Bidders

4.1.1

Name and Address of successful supplier, contractor or service provider

5 Other Information

5.1

Reference number attributed to the notice by the contracting authority

5.2

Date of Contract Award

5.3

Number of tenders received

5.4

Other Information

5.5

Additional Documentation

5.6

Publication date of this notice:

Coding

Commodity categories

Delivery locations

Alert region restrictions

Document family

About the buyer

Further information