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 acting lead book-running manager was Credit Suisse Securities (USA) LLC, acting book running managers were Barclays Capital Inc and JP Morgan Securities LLC and the acting co-managers were JMP Securities LLC and Keefe Bruyette & Woods Inc.