BNY Mellon to acquire Archer.

BNY Mellon, a global financial services company, agreed to acquire Archer, a technology-enabled service provider that helps investment managers deliver solutions aligned with investor needs. Financial terms were not disclosed. "Today's asset and wealth managers have a strong desire to create multi-asset solutions across a variety of products, along with direct indexing and tax optimized portfolios, to meet the needs of their distribution partners and investors. As a new addition to the BNY platform, Archer's expertise, capabilities and scale will be leveraged across all of BNY to help even more clients drive long-term growth for their businesses," Bryan Dori, Archer President and CEO.