The Bank of New York Mellon Corporation (NYSE: BK), a global financial services company, closed the acquisition of Archer Holdco, LLC, a technology-enabled service provider of managed account solutions to the asset and wealth management industry.
The entry into the definitive agreement to acquire Archer was previously announced on September 5, 2024.
Archer’s clients will be able to access fully integrated solutions across the entire managed account lifecycle leveraging the broader capabilities of the BNY enterprise. The transaction positions BNY as a service provider to support asset managers across all fund wrappers for their institutional and retail investor base.
Archer is a technology-enabled service provider that helps investment managers deliver solutions aligned with investor needs. With Archer, investment managers can maintain their proven investment process while outsourcing operations and technology to benefit from a service model geared for growth. The firm has connectivity across the industry and deep experience working with asset managers to help them streamline operations, enter new distribution channels, and launch new products.
BNY is a global financial services company that helps make money work for the world, managing it, moving it and keeping it safe. For 240 years BNY has partnered alongside clients, putting its expertise and platforms to work to help them achieve their ambitions. Today BNY helps over 90% of Fortune 100 companies and nearly all the top 100 banks globally to access the money they need.
FinSMEs
06/11/2024