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Stock impact report

BNY Closes Acquisition of Archer

The Bank of New York Mellon Corporation (BK) 
Last the bank of new york mellon corporation earnings: 4/16 06:30 am Check Earnings Report
Company Research Source: PR Newswire
NEW YORK, Nov. 1, 2024 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY") (NYSE: BK), a global financial services company, today announced the successful closing of its acquisition of Archer Holdco, LLC ("Archer"), a leading 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.Managed accounts are among the fastest growing investment vehicles in the industry. Archer provides asset and wealth managers with comprehensive middle- and back-office solutions to address the needs of institutional, private wealth and retail investors.  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 uniquely positions BNY as the leading service provider to support asset managers across all fund wrappers Show less Read more
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