Global Infrastructure Partners appoints Jim Yong Kim as partner, vice chairman

Could Sir John Key be in the mix

Could Sir John Key be in the mix

Mr Kim, 59, is stepping down from the worldwide development bank on February 1 after six years to join a private investment fund. Bloomberg named it as Global Infrastructure Partners, a shareholder in Gatwick and Edinburgh airports.

Global Infrastructure Partners ("GIP") is an independent infrastructure fund manager that invests in the equity and credit of infrastructure assets and businesses.

The new appointment was announced just a day after Kim tendered his resignation from the global financial institution and three years short of his tenure expiration in 2022.

The World Bank's board is expected to meet later this week to discuss the search for a successor to Kim.

This is to avoid conflict of interest, especially as he will be working on infrastructure investments in developing economies, which is a core focus of the World Bank.

Discussions between Kim and GIP about the new job came together about six weeks ago at the G20 summit in Buenos Aires, the person said.

"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.

Ogunlesi, nicknamed "the man who bought Gatwick Airport", was named as part of Trump's Strategic and Policy Forum, which was disbanded on Aug 16, 2017.

While the United States has traditionally nominated the World Bank's leader, the tradition could be challenged, as it was when Kim's nomination by former president Barack Obama in 2012 was contested by candidates from Colombia and Nigeria, under an open nomination process that is still in place.

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