BNY Mellon Expands Services Relationship with Touchstone to Include 58 Mutual Funds
Oct 4, 2012
Mandate Includes Mutual Fund Accounting and Administration, Transfer Agency and Blue Sky Services
NEW YORK, October 4, 2012 — BNY Mellon, the leader in investment management and investment services, has been selected by Touchstone Investments to provide mutual fund accounting and administration, transfer agency and blue sky services for four additional Touchstone funds, bringing the total number of funds being serviced by BNY Mellon to 58, representing more than $13.7 billion in assets and more than 250,000 shareholder accounts.
BNY Mellon also will provide call center servicing and regulatory services for Touchstone's mutual funds.
"BNY Mellon's scalable platform, high quality service and robust network of broker-dealer relationships have been important resources for us as we present a growing variety of investment options to our clients," said Steven Graziano, president of Touchstone Investments. "The BNY Mellon staff has demonstrated an unwavering responsiveness to our needs and the needs of our fund shareholders."
"This is the second time that we have expanded our relationship with Touchstone Investments this year," said Nancy Wolcott, executive vice president, Global Financial Institutions client service delivery, at BNY Mellon. "Our continuing investments in both people and technology have provided us with the capabilities to support Touchstone's growth and help them succeed in today's challenging market."
BNY Mellon currently provides fund accounting and administration services for more than 107 fund complexes with $1.37 trillion in assets in more than 1,700 funds, shareholder recordkeeping services to over 125 million shareholder accounts and middle-office outsourcing services to over 70 clients worldwide.
Touchstone Investments is a mutual fund company committed to providing investors with access to institutional asset managers who act in a sub-advisory capacity. While its sub-advisors are held to strict performance standards, they work with a large measure of independence and operate within their own demonstrated areas of expertise. Touchstone's rigorous asset manager evaluation process and robust oversight approach are designed to ensure delivery on Touchstone's commitment of achieving competitive long-term results. The Touchstone Funds are advised by Touchstone Advisors, Inc., a registered investment advisor, and are distributed nationally through intermediaries including broker-dealers, financial planners and institutions by Touchstone Securities, Inc., a registered broker-dealer and member FINRA/SIPC. For more information, please visit TouchstoneInvestments.com.
BNY Mellon Asset Servicing offers clients worldwide a broad spectrum of specialized asset servicing capabilities, including custody and fund services, securities lending, performance and analytics, and execution services. BNY Mellon Asset Servicing provides services through BNY Mellon and other related companies.
BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, offering superior investment management and investment services through a worldwide client-focused team. It has $27.1 trillion in assets under custody and administration and $1.3 trillion in assets under management, services $11.5 trillion in outstanding debt and processes global payments averaging $1.4 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com or follow us on Twitter@BNYMellon.