Few days after the shocking news of the former World Bank President, Jim Yong Kim’s resignation reached the public, another one came about his employer been Global Infrastructure Partners (GIP), an investment firm chaired by Nigerian investment guru, Adebayo Ogunlesi.
Jim’s employment news amazed several Nigerians and people around the world as it confirmed the earlier rumour of him joining a global investment firm based in the United States.
GIP, a company that manages over $48 billion in assets for various investors across the world, will take on Kim as a partner and vice chairman on February 1 after his shocking resignation on Monday, Reuters reports.
Reuters reports that the said discussions between the two began about six weeks ago at the G20 summit in Buenos Aires.
The World Bank chief resigned three years ahead of schedule and indicated that he will join a firm involved in infrastructure investment.
“The opportunity to join the private sector was unexpected, but I’ve concluded that this is the path through which I will be able to make the largest impact on major global issues like climate change and the infrastructure deficit in emerging markets,” Kim had said in a note to staff on Monday.
Established in May 2006, GIP’s equity investments are in infrastructure assets in the energy, transport and water or waste sectors.
It employs about 150 investment and operational professionals and has offices in New York, London, and Sydney, as well as, operational headquarters in Stamford, Connecticut.
The firm has also made two additional airport investments: the October 2009 acquisition of Gatwick Airport, the second largest airport in the United Kingdom by passenger traffic, and the 2012 acquisition of Edinburgh Airport.