With the recent deal, the total number of Touchstone mutual funds being serviced by BNY Mellon totals to 56, representing more than $11bn in assets and over 200,000 shareholder accounts, said Touchstone.
Touchstone Investments president Steven Graziano said that the firm has been impressed by BNY Mellon’s technology and sophisticated service offering.
"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," Graziano said.
Currently, over 164 fund complexes with $1.3 trillion in assets in more than 1,500 funds receive fund accounting and administration services from BNY Mellon.
BNY Mellon operates in 36 geographies across the world and serves more than 100 markets by offering financial services for institutions, corporations and high-net-worth individuals.
The company 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.
