Global financial services company State Street Corp. has named Brad Hu chief risk officer, effective Jan. 1, 2022.

He will join the company in November as a member of the executive committee for a transition period with Andrew Kuritzkes, who is retiring from the position.

Hu was previously the chief risk officer at Citigroup for eight years, where he was credited with significantly reducing the firm’s risk profile while guiding it through significant geopolitical and economic disruptions. Before that, he served as chief risk officer for Citi Asia Pacific, where he was responsible for managing the firm’s risks across all of Citi’s businesses in the region’s 17 markets, including consumer banking, corporate and investment banking, securities and trading, and private banking.

Prior to joining Citi in 2008, Hu worked at Morgan Stanley for more than 20 years, where he held a number of senior leadership roles across the Global Equity, Global Capital Markets, and Investment Banking divisions. He also has more than 15 years of experience in Asia, having worked and lived in Hong Kong, Tokyo, and Taipei, where he was chief executive officer of Morgan Stanley Taiwan.