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World Bank’s Jim Yong Kim to join private equity firm after shock resignation

2019-01-10 3 Dailymotion

The president of the World Bank, Jim Yong Kim, will join a private equity fund when steps down from his post next month.<br />Kim's shock resignation earlier this week comes three years before his term was scheduled to end.<br />He will instead join Global Infrastructure Partners as a partner and vice chairman soon after he resigns. <br />The New York-based firm's core business is infrastructure investments in developing economies.<br />Kim will be prevented from dealing with the World Bank during his first year at GIP. <br />

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