BNY Has Entered Into A Definitive Agreement To Acquire Archer Holdco, A Technology-Enabled Service Provider Of Managed Account Solutions To The Asset And Wealth Management Industry; Financial Terms Were Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
BNY Mellon has announced a definitive agreement to acquire Archer Holdco, a technology-enabled service provider for managed account solutions. This acquisition aims to enhance BNY's capabilities in the managed account ecosystem, leveraging Archer's cloud-based platform.
September 05, 2024 | 12:39 pm
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BNY Mellon is acquiring Archer Holdco to enhance its managed account solutions. This strategic move is expected to strengthen BNY's position in the asset and wealth management industry by leveraging Archer's technology.
The acquisition of Archer Holdco by BNY Mellon is a strategic move to enhance its managed account solutions. Archer's cloud-based platform will provide BNY with advanced technology to improve its service offerings, potentially leading to increased market share and revenue growth in the asset and wealth management sector.
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