BNY Mellon bets on growing managed accounts market with Archer acquisition
The Bank of New York Mellon Corporation (“BNY”) (NYSE: BK), a global financial services firm, announced a definitive agreement to acquire Archer Holdco, LLC (“Archer”), a technology-driven provider of managed account solutions for the asset and wealth management sector. Archer offers a cloud-based platform that equips asset and wealth managers with middle- and back-office solutions. […]