Andrew Truscott, Citigroup Inc.‘s head of investment banking in the U.K., is leaving to become chief executive officer of John Laing Group, an infrastructure investor owned by KKR & Co. and also a client of Citigroup.

Truscott will be replaced by Robert Way, a more than two-decade veteran of the bank. Way will also join the executive committee of Citigroup’s banking, capital markets and advisory business in the U.K. and Ireland, as reported by Bloomberg News. Truscott will begin his new role at John Laing in the early summer.