Lead arranger

(redirected from Syndicate 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 ?
Visitors can meet owners, trainers, jockeys and racecourse staff as well as a number of syndicate managers promoting racehorse ownership.
The entrepreneurs or syndicate managers may begin with a profile of the ideal target investor, but often cede their criteria as the rigors of fundraising incite "founder's (or finder's) fatigue"--when all money begins to look like the same shade of green.
Since the objective is to assure banking syndicate members have the same opportunities as a large public corporate treasury unit, the banking syndicate managers will need the wherewithal to benchmark their operations.
Graham Stacey, one of Harris's syndicate managers, said: "The horse got a kick back in May and then the ground was too fast for him in the summer - but conditions were ideal for him today.
As with almost every other area of the financial markets, however, it has been the most innovative borrowers and syndicate managers who have prospered.
They can meet owners, trainers, jockeys and racecourse staff, as well as syndicate managers promoting ownership.
The amendments also reduce the deadline in MSRB Rule G-11(j) for the payment of designations from 30 calendar days to 10 calendar days after bond closing and require co-managers to provide syndicate managers with their designations within two business days after bond closing.
WSS gives users a choice of over 100 databases and increases the efficiency and effectives of a range of financial services professionals including Buy-Side Equity Traders, Portfolio Managers, Hedge Fund Managers, Sell-Side Institutional Brokers, Traders and Syndicate Managers.
Some of them are clearly run by the syndicate managers as lifestyle businesses where the syndicate owners are in effect paying for that lifestyle.
Since joining CIGNA in 1982, he has held various positions, including senior vice president of the International and Broker Division, president of Syndicate Managers, and vice president of Specialty Lines.
As well as claiming that Stewart breached his duty of care, the shareholders allege that syndicate managers Sire Custodians failed to act in their best interests.
LAMBOURN-based Henry Ponsonby, one of Britain's longest-serving syndicate managers, has made a regular pilgrimage to Perth since the 1970s.

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