BNY Mellon has been selected by Touchstone Investments to provide mutual fund accounting and administration, transfer agency and blue sky services for 14 Touchstone mutual funds, bringing the total number of Touchstone funds serviced by BNY Mellon to 56, with assets totaling $11 billion.
BNY Mellon services more than 200,000 shareholder accounts for Touchstone, and also provides call center servicing and regulatory administration services for Touchstone’s mutual funds.
“We have been impressed by BNY Mellon’s technology and sophisticated service offering,” says Steven Graziano, president of Touchstone Investments. “BNY Mellon has proven that it is committed to Touchstone’s continued success and can support our needs as we act on our strategic goals to grow our business.”
Nancy Wolcott, executive vice president for Global Financial Institutions client service delivery at BNY Mellon, adds: “We are pleased that Touchstone has expanded our relationship and recognized the efforts we are making to continually enhance client service and technology. We continue to invest in our middle- and back-office capabilities as mutual fund complexes increasingly focus on their core skills of money management and attracting new investors.
(CG)