Brown Brothers Harriman (BBH) announced today that Touchstone Investments had appointed the bank to provide it with custody, securities lending and brokerage services.The new agreement gives BBH access to $1.2 bilion invested in 26 mutual funds.
“BBH stood out as a premiere provider with services that will greatly impact the bottom line for our shareholders,” explains Patrick Bannigan, Managing Director of Touchstone Investments. “We have confidence that the firm’s ability to align its intelligent, creative and effective solutions with our goals of expense reduction and asset attraction will help us continue to excel in the marketplace.”
“We are delighted that Touchstone has selected us to enter into this new client partnership,” says Tim Connelly, BBH Partner.”This relationship provides Touchstone with the opportunity to utilize BBH’s comprehensive suite of products, and proven back office capabilities to help achieve their business objectives.”