Ted Janulis, global head of mortgage capital and a longtime executive at Lehman Brothers, is said to be retiring. A Lehman Brothers spokesman would not comment on the departure, and Mr. Janulis, 49, could not be reached for comment. But sources said that market conditions that have caused the Wall Street firm and some of its peers largely to withdraw from the global origination business have led to an amicable split between the executive and the company. He has been with the company for 23 years and started out in the mortgage business at the firm, but he was also involved in investment management from 2002 to 2006 before shifting back into the mortgage area.
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