Latham & Watkins has lost its project development and finance group head to a private equity fund.
Joseph Blum, who spent 21 years with the US firm, will join Global Infrastructure Partners as a partner and general counsel on 1 July.
The bulk of Blum’s experience is focused on representing sponsors and financial institutions in all aspects of cross-border project development and financings, as well as joint ventures and privatisations. He has worked on transactions in the US, Europe, Middle East, Africa, the former Soviet Union and the Indian sub-continent.
On the sponsor side he counts ExxonMobil, Qatar Petroleum, Chevron, Suez Energy and the Nigerian National Petroleum Corporation as clients, as well as financial institutions such as Lehman Brothers, ABN Amro and Morgan Stanley.
Adebayo Ogunlesi, chairman and managing partner of Global Infrastructure Partners, said Blum’s experience in developed and developing markets and across various infrastructure sectors made him attractive as head of the company’s legal counsel division.
At Latham & Watkins, partners Dennis Nordstrom, Simon Dickens and David Miles will run the project development and finance group between them.
As its name suggests, Global Infrastructure Partners is dedicated to investing in global infrastructure assets.