Bank Of New York Mellon To Acquire Archer Holdco - Quick Facts
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The Bank of New York Mellon Corporation (BK) has announced a definitive agreement to acquire Archer Holdco, LLC, a provider of managed account solutions in the asset and wealth management sector. Financial details of the transaction remain undisclosed. BNY Mellon expects the acquisition to have a minimal impact on its earnings and capital return outlook, aiming to enhance its platform to better support retail managed accounts post-integration of Archer’s solutions and services.
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