In the latest of a series of recent senior executive hires and moves the impact investor has made to support its rapid growth, LeapFrog Investments has announced the appointment of two executives to its partnership. Karima Ola, whose career has included positions at African Development Corporation or ADC and Nick Moon, who originally joined the firm in 2012, have both been appointed to the firm’s partnership ranks.
Most recently, Karima Ola was the former CIO and Board Member of ADC which was acquired by Bob Diamond’s financial services investment vehicle Atlas Mara in March 2014. Whilst at ADC, she led a number of substantial transactions across Africa and initiated the company’s entry into the Nigeria market, and is now recognized as one of the continent’s most influential investors, named by Bloomberg as one of “Africa’s women to watch”. Additional roles during her career include being a Managing Partner and Head of Chayton Capital’s Africa private equity portfolio as well as an Executive Director of Corporate and Investment Banking at HSBC.
Nick Moon, the firm’s head of co-investments and investor relations, has been promoted to partner following his success at expanding the firm’s assets under management. In December the firm announced it had secured a $200 million commitment from the Overseas Private Investment Corporation or OPIC, the U.S. Government’s development finance institution, making LeapFrog the first billion-dollar group dedicated to equity impact investing. And just this week comes the announcement that LeapFrog and Prudential are teaming up to launch a $350 million investment partnership to target opportunities in life insurance companies in key African markets.
During 2015, LeapFrog made a number of senior executive hires including Vaughan Lindsay, formerly of McKinsey & Co. and the Dartington Hall Trust, who joined the firm to head up LeapFrog Labs, the investor’s R&D capability, Simon Martin who was appointed to help LeapFrog’s portfolio companies build value following a career at Accenture and Akua Owusu-Akonor, previously a senior human resources executive at Vodaphone, who helps guide the firm’s portfolio companies recruitment, retention change management initiatives.