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Q26003486 Executive Search Firm Services for Recruitment of ERS CIO

General Information
Solicitation Number
Q26003486
Status
Released
Department
Budget & Finance
Division
Employees Retirement System
Islands (where the work/delivery is to be performed)
Oahu
Category
Services
Release Date
06/24/2026
Offer Due Date & Time
07/24/2026 04:00 PM
Description
The Board of Trustees of the Employees’ Retirement System of the State of Hawaii (“ERS Board”) seeks to engage a qualified executive search firm to assist in the recruitment and selection of a Chief Investment Officer (“CIO”) for the Employees’ Retirement System of the State of Hawaii (“ERS” or “System”).

This Request for Quotation (“RFQ”) solicits proposals from executive search firms with demonstrated expertise in recruiting senior investment executives for public pension plans, institutional investors, or similar organizations. The selected firm will provide comprehensive executive search services and support the ERS Board throughout the CIO recruitment and selection process.

Services will be performed in support of the ERS offices located at City Financial Tower, 201 Merchant Street, Suite 1400, Honolulu, Hawaii 96813.
Contact Person
Young, Kalbert
Email
kalbert.young@hawaii.gov
Phone
808-357-6638
General Comments
The Board of Trustees of the Employees’ Retirement System of the State of Hawaii (“ERS Board”) seeks to engage a qualified executive search firm to assist in the recruitment and selection of a Chief Investment Officer (“CIO”) for the Employees’ Retirement System of the State of Hawaii (“ERS” or “System”).

This Request for Quotation (“RFQ”) solicits proposals from executive search firms with demonstrated expertise in recruiting senior investment executives for public pension plans, institutional investors, or similar organizations. The selected firm will provide comprehensive executive search services and support the ERS Board throughout the CIO recruitment and selection process.
Services will be performed in support of the ERS offices located at City Financial Tower, 201 Merchant Street, Suite 1400, Honolulu, Hawaii 96813.

Please Refer to sections 2. Scope of Work through section 12. RFQ Evaluation Criteria for detailed description and important information regarding this procurement. This is an electronic solicitation. Offered through HIePRO, State of Hawaii eProcurement (hiepro.ehawaii.gov). All offers are to be received in HIePRO by RFQ in accordance with Section 9. PROCUREMENT TIMETABLE and SIGNIFICANT DATES.

This RFQ will be awarded based on Section 12. RFQ Evaluation Criteria.

A standard ERS Purchase Order will be issued.
Procurement Officer
Kalbert K. Young
Attachments
ERS Confidentiality_Agreement.pdf
2026 Exec Search Services CIO RFQ2026 100 final 06242026.pdf
AG-008 103D General Conditions (1.10.23).pdf

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Direct all questions regarding this Solicitation, and any questions or Issues relating to the accessibility of this Solicitation (Including the appendices and exhibits to this Document, and any other document related to this Solicitation), to: Young, Kalbert.

Q26003486 Executive Search Firm Services for Recruitment of ERS CIO

Line Items
#
Title
Quantity
Unit of Measure
Commodity Code
 

1
Executive Search Firm Services for Recruitment of ERS CIO
1
JOB
561312, 561312, 561312 

Code Table
Commodity Code Description
561312 Executive search consulting services
561312 Executive search services
561312 Senior executive search services
General
Quantity
1
Unit of Measure
JOB
Title
Executive Search Firm Services for Recruitment of ERS CIO
Description
Executive search services for the recruitment of a Chief Investment Officer for the Employees’ Retirement System of the State of Hawaii, Honolulu, Hawaii.
Attachments

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Direct all questions regarding this Solicitation, and any questions or Issues relating to the accessibility of this Solicitation (Including the appendices and exhibits to this Document, and any other document related to this Solicitation), to: Young, Kalbert.

Q26003486 Executive Search Firm Services for Recruitment of ERS CIO

Instructions
  • RESPONSE TO THIS SOLICITATION: Only responses submitted through HIePRO shall be considered for award.
  • QUESTIONS ABOUT THIS SOLICITATION: Unless otherwise indicated, questions regarding this solicitation must be directed to the Buyer listed.
  • TRANSACTION FEES: The awarded vendor shall pay a transaction fee of 0.75% (.0075) of the award, not to exceed $5,000 for each award. This transaction fee shall be based on the original award amount and the awarded vendor shall be responsible for payment of the fee to Tyler Hawaii, the vendor administering the HIePRO. Payment must be made to Tyler Hawaii within thirty (30) days of receipt of invoice. The invoice is generated based on the date the award is posted.
  • VENDOR NON-COMPLIANCE : NON-COMPLIANCE may result in a vendor not receiving an award, delay of payment, or cancellation of award. If the vendor does not maintain timely compliance, which is the vendor’s responsibility, an offer otherwise deemed responsive and responsible may not be awarded. State agencies may check for compliance at any time.
  • HAWAII GENERAL EXCISE TAX (GET): Unless otherwise stated in this solicitation, vendors shall include all applicable taxes in the price submitted. The Hawaii General Excise Tax (GET) shall not exceed 4.712% for the islands of Oahu, Kauai , Hawaii, and Maui.
  • ADDITIONAL FEES AND CHARGES: Vendors shall include all applicable fees, charges, surcharges, shipping/handling, delivery, or any other charges associated with this solicitation in the price submitted.
  • OFFER DEEMED FIRM/AUTHORITY TO SUBMIT OFFER: Submission of an electronic response to the State of Hawaii constitutes and shall be deemed an offer to sell the specified goods and/or services to the State of Hawaii at the price shown in the response and under the State's Terms and Conditions. The electronic response submitter certifies that he/she is authorized to sign the response for the submitting vendor and that the response is made without connection with any person, firm, or corporation making a response for the same goods and/or services and is in all respects fair and without collusion or fraud.
  • COMPLIANCE AND DOCUMENTATION: Vendors are required to be compliant with all appropriate state and federal statutes. Proof of compliance is required through HCE or via paper documentation.
  • VENDOR REGISTRATION IN HAWAII COMPLIANCE EXPRESS (HCE) : Vendors can register at https://vendors.ehawaii.gov/hce via an annual subscription fee and should subscribe prior to responding to a solicitation. For more information visit the HCE Section of the FAQs at http://spo.hawaii.gov/faqs/#tabs-4.
  • VENDOR COMPLIANCE – PAPER DOCUMENTS : Vendors not utilizing HCE shall provide paper certificates that must be valid at the time of award. All applications for applicable clearances are the responsibility of the vendor, who must be compliant pursuant to HRS§103D-310(c) with the chapters 1) Chapter 237, General Excise Tax Laws; 2) Chapter 382, Hawaii Employment Security Law; 3)Chapter 386, Worker’s Compensation Law; 4) Chapter 392, Temporary Disability Insurance; 5)Chapter 393, Prepaid Health Care Act; and 6) §103D-310(c), Certificate of Good Standing (COGS) for entities doing business in the State. Upon receipt of compliance paper documents (A-6, LIR#27, COGS), the purchasing agency reserves the right to verify their validity with the respective issuing agency.