Pioneering CEO Sacha Romanovitch joins LeapFrog board
London and Singapore, February 12, 2020: LeapFrog Investments, the Profit with Purpose investment group, has appointed Sacha Romanovitch to its management board as a non-executive director. This follows the recent appointment of Julia Gillard, the first female prime minister of Australia, to LeapFrog’s peak advisory body, the global leadership council.
Founded in 2007, LeapFrog and its companies now reach 188 million people with healthcare or financial tools – and the firm has been ranked by Fortune as one of the top five companies to change the world, alongside Apple and Novartis. The management board oversees the firm’s growth and performance.
As the first female chief executive officer of a major accounting firm in Britain, Sacha introduced ground-breaking changes to embed ‘profit with purpose’, diversity and future fit leadership, which saw the firm exceed £500 million in revenues. As member of Grant Thornton’s global board, she led oversight of the development of member firms employing more than 40,000 people across 140 countries. In 2018 the firm was honoured at the Queen’s Awards for Enterprise for Promoting Opportunity through Social Mobility. Sacha was also the inaugural chair of Access Accountancy.
Sacha is currently CEO of Fair4All Finance, the new institution created after the British government committed dormant assets to fund financial inclusion. Fair4All Finance exists to increase the financial wellbeing of people in vulnerable circumstances through access to fair and affordable financial products and services and through investing to create a transformational change at scale.
Sacha is also co-chair of the Inclusive Economy Partnership, convened by the UK Cabinet Office and the Department for Digital, Culture, Media and Sport. This brings together business, government and social sectors around three initial challenge areas of financial inclusion, mental health and transition to work.
Dr Andrew Kuper, founder and CEO of LeapFrog investments, said: “I am delighted to welcome Sacha to the management board, following an extensive global search. Her proven track record in governance and stakeholder engagement at the highest level, and focus on rigorous impact investing in financial-inclusion businesses, make her incredibly well-placed to support LeapFrog’s growth and success.”
LeapFrog’s recent record-breaking $US744 million impact investing fund presents a strategic opportunity to expand the firm’s impact while generating strong returns for investors. Over the decade since launch, LeapFrog companies have grown 35 per cent a year on average. Several have been acquired or invested in by industry leaders including Prudential PLC, Allianz, AXA XL, Standard Chartered, Goldman Sachs and Fidelity. At the same time, more than 155 million of the 188 million people reached by LeapFrog’s companies live on less than $US10 per day.
The appointment of Ms Romanovitch and Ms Gillard will support LeapFrog’s ambitious target to generate top-tier investment returns while reaching 1 billion lower-income people with essential services by 2030.