syndicate manager

Syndicate manager

See: Managing underwriter

Lead Arranger

In investment banking, an underwriting firm that leads a syndicate. A syndicate is a group of underwriters responsible for placing a new issue of a security with investors. Every syndicate is a temporary arrangement. The lead arranger assigns parts of the new issue to other underwriters for placement and usually takes the largest part itself. It is also called a managing underwriter or a syndicate manager or, less formally, a book runner.

syndicate manager

A major underwriting firm that forms a syndicate in order to distribute a security issue to the public. The manager allocates the securities among other firms in the group but is itself generally responsible for the largest share of the issue.