The Bank of New York has signed an agreement with a provider of managed account technology platforms.

The bank will acquire EMAT, which provides managed account technology and processing services to more than 140 money managers. Terms of the deal, which is still subject to regulatory approval, were not disclosed.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.