Lead Manager

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Lead Manager

Subordinate to an arranger.

Lead Manager

In a syndicate, an underwriting firm immediately subordinate to the managing underwriter. 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 manager is assigned the second-largest part of the new issue for placement. A lead manager is also called an arranger.
References in periodicals archive ?
Abu Dhabi Commercial Bank was a mandated lead arranger, with lead arrangers including Commercial Bank of Dubai, the National Bank of Ras Al Khaimah, Canara Banki and the Islamic Corporation for the Development of the Private Sector.
The lead arrangers were joined by Ahli United Bank Limited as an arranger and IDBI Bank Limited as lead arranger.
In general syndication, the facility also drew strong interest from Middle Eastern banks like National Bank of Kuwait SAKP Singapore branch and BBK BSC, who came in as lead arrangers together with Commerzbank Aktiengesellschaft, Hong Kong branch.
Al Ahli Bank of Kuwait and Standard Chartered Bank joined the transaction as mandated lead arrangers while Al Khalij Commercial Bank and The Commercial Bank of Qatar participated as lead arrangers.
Saudi Oger has signed a $ 1.03bn syndicated loan, which will be used to replace debt related to the construction group's investment in Arab Bank shares, the lead arrangers said in a statement.
The facility was arranged by BNP Paribas and JP Morgan Limited acting as global coordinators, bookrunners and mandated lead arrangers which were joined in syndication by 16 bookrunners and mandated lead arrangers, three lead arrangers and four arrangers.
The theme at this year's Flora in Winter celebration at Tower Hill Botanic Garden in Boylston is "A Floral Feast," and some arrangers took the notion literally, working cotton candy, popcorn, vegetables and even long strands of uncooked fusilli pasta into their creations.
28 December 2011 - Barclays (LON:BARC), Citigroup (NYSE:C) and SEB (STO:SEB ?) have acted as mandated lead arrangers and book-runners for a USD200m (EUR153.1m) multi-currency revolving credit facility to Landsvirkjun, the Icelandic state-run hydroelectric and geothermal power plants operator said Tuesday.
Al Hilal Bank and Barclays Capital have also acceded to the transaction as Lead Arrangers for the APG Facility.
Commonwealth Bank of Australia (CBA.AX) has said that it is planning to take a leading spot among share-sale arrangers in the country.
Arab Banking Corporation and Bank of Tokyo Mitsubishi are the lead arrangers for the syndication while Bahraini Saudi Bank, Arab Bank, BBK and National Bank of Kuwait joined as arrangers.