George Walker, head of alternative investments at Goldman Sachs, is close to accepting a position as head of asset management at Lehman Brothers, according to a source close to Mr. Walker. While the negotiations are not final, Mr. Walker could join Lehman by the end of the month, the source said. Mr. Walker directed a call for comment to Goldman Sachs spokesman Peter Rose, who declined to comment. Randy Whitestone, spokesman for Lehman, also decline to comment.
Lehman Brothers' asset management unit had been led by Theodore Janulis, global head of investment management, who moved over to manage the firm's mortgage capital business last month.