Lead arranger

(redirected from Book Running Managers)

Lead arranger

The senior tier of arranger

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.
References in periodicals archive ?
The joint book running managers for this offering are Merrill Lynch & Co.
The book running managers for this combined offering are UBS Investment Bank and RBC Capital Markets.
The joint book running managers for this combined offering are UBS Investment Bank and RBC Capital Markets.