Investment Banks

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Investment banks often serve as agent banks on institutional investment deals such as syndicated loans. An agent bank serving as a syndicate manager will contract with an issuer to arrange a syndicated loan. The agent bank in a loan syndicate works to facilitate the terms of the loan transaction with the multiple parties involved in lending funds to the issuer. The agent bank is paid a fee for their deal management services. Once the deal has closed they may also be responsible for managing the oversight of syndicated loan payments and terms throughout the duration of the loans involved in the deal.

Source: Agent Bank https://www.investopedia.com/terms/a/agent-bank.asp#ixzz5DNuXxr6x