The Bank of New York Mellon Corporation has successfully completed its acquisition of Archer Holdco, LLC, a prominent technology-enabled service provider specializing in managed account solutions for the asset and wealth management industry. The definitive agreement for this acquisition was initially announced on September 5, 2024.
Managed accounts represent one of the fastest-growing investment vehicles in the financial industry. With Archer's integration, BNY Mellon's clients will gain access to fully integrated middle- and back-office solutions across the entire managed account lifecycle, leveraging the broader capabilities of the BNY Mellon enterprise.
This transaction strategically positions BNY Mellon as a leading service provider capable of supporting asset managers across all fund wrappers for their institutional and retail investor bases. Emily Portney, Global Head of Asset Servicing at BNY Mellon, expressed enthusiasm for welcoming the Archer team, highlighting the enhanced capabilities this acquisition brings.
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