BNY to buy Archer to boost managed account services in asset, wealth managers
BNY has agreed to buy Archer, a technology and operations provider that will help the U.S. bank expand its services to asset and wealth managers, the companies said on Thursday. BNY and Archer did not disclose the deal value. The combination will enable BNY to offer more managed account services using Archer's cloud-based platform.
NEW YORK (Reuters) - BNY has agreed to buy Archer, a technology and operations provider that will help the U.S. bank expand its services to asset and wealth managers, the companies said on Thursday.
BNY and Archer did not disclose the deal value. The... [515 chars]
Published by: Yahoo Finance
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