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World Bank’s Kim to join Global Infrastructure Partners

Jim Yong Kim

Jim Yong Kim, who abruptly resigned as president of the World Bank on Monday, is joining investment firm Global Infrastructure Partners next month.

GIP, which focuses on projects in the energy, transport, water and waste industries, invests in developed and select emerging countries, announced Mr. Kim will become vice chairman and a partner on Feb. 1.

"The leadership and vision that Dr. Kim brought to the World Bank as well as his prior roles as president of Dartmouth College and director of the World Health Organization's HIV/AIDS department speak for themselves," GIP Chairman Adebayo Ogunlesi said in a statement announcing the appointment Tuesday. His "broad knowledge base along with his first-hand, comprehensive experience of working with governments and institutions around the world will provide very valuable insights."

Mr. Kim left the World Bank more than three years ahead of schedule, telling employees in an email that he planned join a private firm.

New York-based GIP manages more than $40 billion in assets.