It is known that Ul'Dah was in the past a city of Lalafels and therefore it's royal family, politics and I believe most nobles are in reason most made of Lalafels as well, Nanamo Ul Namo stands as the supposely head of the state with Raubhan Aldynn is the general of the Immortal Flames.

So who is the real leader here? The Syndicate, Nanamo or Raubahn?

Nanamo powers are limited by the syndicate and she oftens seeks the help of Raubahn, which is very loyal to her, to use his influence and power to help her, I believe her position as a sultana is also basically kept by Raubahns doings, the Syndicate is just a bunch of nobles, in gameplay as well Raubhan also appears more than Nanamo in every cutscene, join in reunions, has more presence, even in the very end of a Real Reborn it was Raubahn who crossed weapons with the other leaders of the great companies!

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