David Gonski joins LeapFrog, focused on the future of business
Sydney, Australia, October 21, 2020: LeapFrog Investments, the Profit with Purpose investment group, has appointed David Gonski AC to its global leadership council. The appointment to the international advisory body, comprising distinguished non-executive directors from around the world, begins after Mr Gonski’s departure as chairman of Australia and New Zealand Banking Group next week.
One of Australia and Asia’s pre-eminent business leaders, Mr Gonski believes LeapFrog represents a synergy that will drive the future of business: Profit with Purpose.
He will support LeapFrog’s leadership team as it expands its portfolio of two dozen high-growth companies across emerging Asia and Africa. Founded in 2007 by Sydney-based chief executive officer, Dr Andy Kuper, LeapFrog’s companies have grown, on average, 30 per cent a year and now reach 205 million people with healthcare or financial services.
David Gonski, LeapFrog global leadership council member, said: “For many years I have seen LeapFrog go from strength to strength, achieving tremendous commercial success and outstanding impact. LeapFrog companies have empowered millions of underserved consumers, and, in meeting those needs, delivered outsized returns to investors – a powerful synergy. It is no wonder LeapFrog has raised over $2 billion from blue-chip institutional investors and high-net-worth individuals for its private equity funds. That is only the beginning.
“Having seen the inner workings of LeapFrog through my close relationship this past decade with Andy, a world-class CEO, I am confident this firm represents the future of business. We should look to LeapFrog’s model, as the world works to build back better,” he concluded.
Mr Gonski has spent 40 years advising top-tier industry figures internationally and chairing some of Australia’s leading institutions. His prior roles include chairman of the Future Fund and Coca-Cola Amatil and he remains chancellor of the University of New South Wales. His distinctive expertise and international network will play an important role in LeapFrog achieving its 2030 goal: reaching one billion people in emerging markets with essential services.
LeapFrog was founded three weeks after Steve Jobs launched the iPhone, heralding a mobile revolution that is seeing four billion new customers join the global economy. The firm backs businesses that combine digital outreach, data analytics, innovative product design and local agency forces. Fortune recently named LeapFrog as one of the top five companies to change the world, alongside Apple and Novartis.
David Gonski will serve on LeapFrog’s global leadership council alongside:
- Julia Gillard, former prime minister of Australia
- Henri de Castries, former chairman and CEO of AXA
- Simon Israel, former chairman of Singtel
- Jaime Augusto Zobel De Ayala, chairman and CEO of Ayala Corporation
- Bharat Doshi, former director of the Reserve Bank of India.
Dr Kuper, founder and CEO of LeapFrog Investments, said: “It has been a great gift to have David as a mentor, investor and friend on this growth journey. He is one of those rare human beings who operates at the highest level yet retains deep humility. His track-record of enabling business success and social impact in Australia and Asia speaks for itself; we are kindred spirits in this commitment.
“Backed by David and his fellow global leaders, we will seize the historic opportunity – to invest in innovative businesses in the world’s fastest-growing markets, delivering strong returns for investors and reaching one billion people with essential services by 2030.”
NOTES TO EDITORS
About LeapFrog Investments
LeapFrog invests in exceptional businesses in Africa and emerging Asia, partnering with their leaders to achieve leaps of growth, profitability and impact. Founded in 2007, LeapFrog’s companies now reach 205 million people across 35 countries with healthcare or financial services. LeapFrog companies have also grown on average at more than 30 per cent a year from the time of investment. LeapFrog companies reach 164 million emerging consumers, living on less than $10 per day. LeapFrog’s companies now provide jobs or livelihoods to more than 128,000 people. Inspired by LeapFrog’s strategy of Profit with Purpose, global institutional investors have committed $US1.6 billion ($A2.2 billion) to the group’s private equity funds. LeapFrog was ranked by Fortune as one of the top five companies to change the world, alongside Apple and Novartis, becoming the first private investment firm ever listed.
Media contact for LeapFrog
0449 561 313
Media contact for David Gonski
0477 111 026