NEW YORK, April 16, 2012 /PRNewswire/ -- BNY Mellon, the global 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 14 additional Touchstone mutual funds. This brings the total number of Touchstone mutual funds being serviced by BNY Mellon to 56, representing more than $11 billion in assets and more than 200,000 shareholder accounts.
BNY Mellon 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," said 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."
"We are pleased that Touchstone has expanded our relationship and recognized the efforts we are making to continually enhance client service and technology," said Nancy Wolcott, executive vice president, Global Financial Institutions client service delivery, at BNY Mellon. "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."
BNY Mellon currently provides fund accounting and administration services for more than 164 fund complexes with $1.3 trillion in assets in more than 1,500 funds, shareholder recordkeeping services to over 95 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 $25.8 trillion in assets under custody and administration and $1.26 trillion in assets under management, services $11.8 trillion in outstanding debt and processes global payments averaging $1.5 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available at www.bnymellon.com and through Twitter@bnymellon.
SOURCE BNY Mellon