Janulis previously ran the firm’s fixed income division alongside Bart McDade, who will continue to head that unit, Dow Jones reported, citing an internal memo.
Janulis, who has been at Lehman for 17 years, will have responsibility for Lehman’s:
- asset management business
- high-net-worth brokerage businesses
- $9 billion-asset thrift.
Janulis’ appointment “is a key step in enabling the firm to expand its asset management and high-net-worth activities globally,” the memo read.