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

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