Citi has announced that Keith Lau will join the firm as its new global head of funds technology from 1 August.

Lau joins from the senior vice president position at State Street, where he was also the global head of analysis, testing and deployment.

With 29 years of experience in the fund accounting and custody business, especially dealing with middle- and back-office client on-boarding, Lau will be responsible for developing the overall strategy for funds technology and its execution in partnership with Citi’s regional and global partners.

He will be based in London as part of Citi’s investor services technology team, and will report directly to Mike Healy, head of investor services, custody and issuer technology at the firm.