Shearson will be the lead manager of its own offering.
The national bank would be the lead manager within Greece.
Salomon Brothers, the lead manager for the sale, said Israel raised $250 million.
Nomura International was the third joint lead manager of the deal.
The roles were not necessarily distinct; the lead manager may also be an underwriter and a seller.
"Wit and E*Offering were in a number of deals, but they weren't the lead managers."
That is why so small a group of internationally powerful banks are repeatedly chosen as lead managers.
But it is requiring that a nonprofit or not-for-profit organization be the lead manager.
Next in prestige are the "co-lead" managers, listed to the right of the lead manager.
The influence of the lead manager here is real.