LeapFrog Investments appoints three leaders after record fundraise
London and Singapore, July 23, 2020: LeapFrog Investments, the Profit with Purpose investment group whose companies now reach more than 200 million people, has elevated three emerging market leaders to its management committee and board. Fernanda Lima, Karima Ola and Frances Holliday will play key governance roles as LeapFrog pursues continued outsized returns and impact for investors and portfolio companies. All three leaders contributed significantly to the raise of LeapFrog’s record-breaking $US743 million impact investing fund for emerging Asia and Africa last year.
Fernanda Lima has been elected a partner of the firm and joins the management committee, bringing two decades of investment experience in financial services across emerging markets. As LeapFrog’s director of investments in Asia, Ms Lima has been responsible for successful investments including SoftLogic Life, now Sri Lanka’s fastest growing and third-largest life insurer; and Fincare Small Finance Bank, which has grown to reach 2.7 million underserved women in India with financial tools.
Karima Ola has been elected a member of the management board, bringing more than two decades of experience as a chief investment officer, investment banker and principal investor in emerging markets. Ms Ola led LeapFrog’s Africa financial services team for the past five years. Under her leadership, LeapFrog successfully invested in diverse companies including ARM Pensions, one of the largest pension providers in Nigeria; and AIICO Insurance, the second largest life insurer in Nigeria.
Frances Holliday, the firm’s general counsel, has been appointed an ex-officio member of the management board. Her current operational responsibilities at LeapFrog span eight offices globally and dozens of portfolio companies. Ms Holliday brings two decades of experience in complex deal structuring and cross-border mergers and acquisitions in emerging markets, as both a general counsel and external counsel.
The elevation of the three longstanding leaders supports LeapFrog’s continued commitment to excellent governance, strong returns for investors and achieving the firm’s goal of reaching one billion people with essential services by 2030.
Dr Andy Kuper, founder and CEO of LeapFrog Investments, said: “The exceptional track records and experience of these leaders have enabled LeapFrog to stay at the forefront of emerging markets private equity as well as impact investing. We are proud to see internal talent recognised for their outstanding contributions and empowered to drive LeapFrog’s continued growth as the leader in Profit with Purpose investment.”
Fernanda Lima, partner at LeapFrog Investments, added: “LeapFrog has built the best leadership group I have encountered in two decades in the industry. It is built around two compelling goals: bringing security and prosperity to millions of people and delivering outsized investment returns. I’m delighted to join the partnership and management committee, enabling purpose-driven businesses to provide ever more health and wealth services to underserved communities.”
These three appointments follow the recent appointments of Sacha Romanovitch as a non- executive director of the management board and Julia Gillard as a member of LeapFrog’s global leadership council. Ms Romanovitch is the CEO of Fair4All Finance and former CEO of Grant Thornton UK. Ms Gillard was Australia’s first female prime minister and is chair of the Institute for Women’s Leadership at King’s College, London.
NOTES TO EDITORS
About LeapFrog Investments
LeapFrog invests in exceptional businesses in Asia and Africa, 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 over 30 per cent a year from the time of investment. 164 million of the people reached by LeapFrog companies are emerging consumers, living on less than $US10 per day. LeapFrog’s companies now provide jobs or livelihoods to over 128,000 people. Inspired by LeapFrog’s strategy of profit with purpose, global institutional investors have committed over US $US1.6 billion to the group’s private equity funds. LeapFrog has been ranked by Fortune as one of the top five Companies to Change the World, alongside Apple and Novartis, the first private investment firm ever listed.
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