-
New non-executive chairman joins impact investing pioneer as industry sees influx of global talent and institutional capital
-
Dominic will support further scale-up of LeapFrog following $500m commitment from Temasek in 2021, the largest ever commitment to a dedicated impact investor.
-
LeapFrog plans to launch new funds and strengthen commitment to financial inclusion and health to reach 1 billion emerging consumers by 2030.
LONDON, March 30, 2022–(BUSINESS WIRE)–LeapFrog Investments, the Profit with Purpose investment firm, today announced the appointment of Dominic Barton as non-executive Chairman of its Management Board, effective 1 April. Dominic was formerly Global Managing Partner of McKinsey & Company and was most recently Canada’s Ambassador to China. He accepts this appointment at an inflection point for the impact investing industry as firms attract global leaders and top-tier institutional capital.
LeapFrog is the world’s largest dedicated equity impact investor. The firm has raised $2 billion to invest in purpose-driven businesses and its companies now reach 272 million people in 35 countries.
Dominic said: “I am very excited to join LeapFrog and help scale this ground-breaking platform. Having previously sat on LeapFrog’s Global Leadership Council, I believe in the mission and look forward to supporting Founder Dr. Andy Kuper and the team as they take LeapFrog to the next level.
“There are nearly four billion emerging consumers, and by 2025 their spending power will surpass US $30 trillion. At the same time, we are seeing a groundswell of institutional investors seeking to do well by doing good. These factors, combined with LeapFrog’s phenomenal expertise investing in companies built on the latest technologies including healthtech, fintech, insurtech and genomic medicine, position LeapFrog for exponential impact.”
Dominic will support LeapFrog as it makes ever more investments in private companies in Asia and Africa, accelerates its fundraising, diversifies its investor base, and enhances its magnet for global impact investing talent. LeapFrog has announced it aims to reach 1 billion emerging consumers with essential services by 2030, while aiming to deliver top-tier returns to investors.
“Dominic is widely recognised as one of the most respected and connected executives in the world, and is the ideal person to mentor and support LeapFrog’s leadership during this expansion phase,” said LeapFrog CEO Dr Andy Kuper. “His experience in emerging markets over many decades, from his birth in Uganda to his leadership of McKinsey across Asia and globally, has uniquely prepared him to govern and guide our next leaps. His expertise in responsible investing and standard-setting will help ensure …….
Source: https://finance.yahoo.com/news/leapfrog-investments-appoints-dominic-barton-113000191.html
