BNY Mellon Acquires Archer

Bank of New York Mellon (BNY Mellon), a leader in global financial services, has completed its acquisition of Archer Holdco, LLC. This strategic move aims to enhance BNY’s service offerings in managed account solutions, empowering asset and wealth managers with streamlined, integrated support across the managed account lifecycle.

• Acquisition Completion: BNY Mellon (NYSE: BK) has finalized its acquisition of Archer, a managed account solutions provider for asset and wealth managers, following the initial agreement on September 5, 2024.

• Enhanced Solutions for Archer Clients: Archer clients now benefit from BNY’s integrated solutions and enterprise resources across the managed account lifecycle, expanding their capabilities.

• Archer’s Service Model: Archer’s tech-enabled model allows investment managers to maintain their processes while outsourcing operations, enhancing efficiency and scalability for new products and channels.

This acquisition not only broadens BNY Mellon’s footprint in asset management but also reinforces its mission to deliver reliable, growth-oriented financial solutions worldwide.