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BNY Mellon to provide mutual fund services to Touchstone Investments

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BNY Mellon Asset Servicing has been selected by Touchstone Investments to provide mutual fund accounting and administration, transfer agency, and blue sky services for the Touchstone Funds, which have more than USD7 billion in assets and more than 110,000 shareholder accounts. BNY Mellon also will provide call centre servicing and regulatory services for Touchstone’s 42 mutual funds.

"We are confident that through its robust technology and the depth and breadth of its service offering BNY Mellon will provide the support we require to continue to grow our business," says Stephen Graziano, president of Touchstone Investments. "In addition, its strong network of broker-dealer relationships will help us better connect with our key distribution partners."

"Our demonstrated industry leadership, high quality client service, and our continual investment in technology were key factors in Touchstone’s decision to select BNY Mellon," says Nancy Wolcott, executive vice president and head of US fund services at BNY Mellon. "Our ability to deliver flexible middle- and back-office services, combined with our ability to support our clients’ distribution efforts, have made our continued momentum in the asset servicing space possible."

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