BNY Mellon is to expand its mutual fund accounting and administration and transfer agency services with Touchstone to an additional 14 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 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."
