Mr. Doug Lacey - Partner
Doug has 30 years of executive experience in insurance. He is former Divisional Chief Executive at African Life, responsible for business operations of insurers in South Africa, Botswana, Kenya, Zambia, Tanzania, and Ghana with nearly $1 billion market capitalization. In South Africa, he oversaw one of the largest microinsurance operations in existence, with 1.6 million beneficiaries. In these roles, Doug variously managed research, business planning, regulatory approvals, product development, financial and administration systems, recruitment, processes and procedures, and logistics. Over three decades, Doug has held a variety of senior positions, including COO of Group of Swiss Re Life and Health Southern Africa.
Mr. Gary Herbert - Partner
An actuary by training, Gary co-founded Investment Solutions, South Africa's largest multi-manager with $18 billion under management. He was also Joint Managing Director of Alexander Forbes Financial Services, a major provider of financial and risk management services in South Africa and the UK, and was appointed to the Board of the Alexander Forbes Group. Gary managed the retirement fund administration, consulting and actuarial services, investment consulting, financial planning, business technology and e-business divisions. In recent years, he has focused on private equity deals. He serves as Vice-Chairman of the Jewish Helping Hand, a leading nonprofit social services organization.
Dr. Andrew Kuper - President and Founder
Andy founded LeapFrog in January 2007, inspired by his extensive experience enabling entrepreneurs in emerging markets. He was formerly Managing Director at Ashoka, which has financed and connected 2000 social entrepreneurs in 60 countries over 27 years. He worked with both Grameen and BRAC, the world's largest microfinance institutions, to market their social ventures. He also co-founded Kuper Research, which designed The Daily Sun, now sub-Saharan Africa's largest newspaper. Andy holds a PhD from Cambridge, where he was supervised by Nobel laureate Amartya Sen, who first stimulated his interest in market-based solutions to poverty. Born and raised in South Africa, Andy now lives in New York.
Dr. Jim Roth - Partner
Jim is a leading expert in the global microinsurance sector. Formerly, he was Vice President of The Microinsurance Centre, ILO Chief Technical Advisor on microinsurance in India, and consultant to multinational insurance companies such as AIG and Allianz and banks such KFW and ADB. Jim has sourced and negotiated deals with microinsurance distribution networks; he has developed partnerships between commercial insurers and MFIs/NGOs; and he has trained over 50 leaders of MFIs to sell microinsurance. Jim led the 100 Country Landscape Report on Microinsurance and co-authored the manual on Making Microinsurance Work for MFIs. Jim holds a PhD on microfinance from Cambridge.
Mr. Dominic Liber - Partner
Dominic has played a leading role in microinsurance for a decade. In 2001, he co-founded Quindiem Consulting, a firm of actuaries, statisticians and insurance consultants, at the forefront of microinsurance. He has developed products, pricing, risk management and reinsurance strategies for microinsurers, insurers, and reinsurers internationally and led the development of policy manuals for insurance regulators in Zambia, Malawi, Namibia and Botswana. His work has focused on microfinance, microinsurance, HIV & AIDS and underserved markets for the last ten years. He was the Convenor of the AIDS Committee of the Actuarial Society of South Africa for the last two years. Dominic co-authored the 100 Country Landscape Report on Microinsurance, as well as health risk management and microinsurance manuals for MFIs.
Mr. Staph Leavenworth Bakali - Co-Founder and Chair
Staph is an entrepreneurial CEO/COO with 20 years of experience leading global businesses. He has extensive hands-on experience in emerging markets having lived and worked in Africa, Latin America, and Asia. Staph also has significant experience in servicing low-income populations including the development of a low-cost, yet profitable, combination vaccine to serve children across the 70 poorest countries. Staph is a seasoned deal-maker, having negotiated several cross-border partnerships, including distribution agreements, and M&A transactions in Europe, North America and International markets. He serves on the board of three publicly listed companies as a Non-Executive Director and holds an MSc from London Business School.
Ingo Weber - Non-Executive Member of the Investment Committee
LeapFrog is pleased to announce that Ingo Weber is joining the LeapFrog Investment Committee. He brings more than 15 years of international experience in M&A, Private Equity and Strategy in the insurance and financial services industries. Most recently, he was responsible for global coporate development activities at Swiss Re, which he joined as Managing Director after the successful acquisition of GE`s insurance business by Swiss Re. He spent many years with GE Capital in a variety of leadership roles, including leading the Business Development/M&A activities for GE Insurance Solutions across Europe and Asia. Prior to that, he served as Investment Director for Softbank`s European Venture Capital fund and as Director and Co-Head of the Swiss-based financial services company of Markant, a major European retail group. He started his career in Arthur Andersen's Financial Institutions Group and Corporate Finance team, after earning a Masters Degree in Business Administration and Finance.
Seth Meisel - Non-Executive Member of the Investment Committee
Seth Meisel is a Principal at Bain Capital. Over nearly 10 years at the firm, he has evaluated hundreds of opportunities and
executed transactions totaling over $10 billion in enterprise value. Recent transactions include a $3 billion acquisition Sensata
Technologies which has major operations in the United States, The Netherlands, Japan, Malaysia, Mexico, China, and Korea
and a $125 million initial public offering of Innophos which now trades on the NASDAQ exchange.Prior to Bain Capital, Seth was a manager at Oliver Wyman (then Mercer Management Consulting) where he
focused on financial services, insurance, and private equity advisory. His financial services and insurance experience includes
product design of property-casualty insurance, life insurance, and annuity products. He serves LeapFrog in his personal capacity.
Seth is an honors graduate of Princeton University and Harvard Business School.
Felipe Medina
Felipe is the Regional Director for Latin America Private Wealth Management of Goldman Sachs. He began his career in Goldman Sachs in 1990 managing assets for Latin American clients and formed the largest team in the region. Currently, Felipe spends 20% of his time analyzing the social investment field in Latin America, focusing on projects that generate sustainable development in the region. He sits in the board of several organizations that operate in the region.
Futhi Mtoba
Futhi is Chairperson of the Board of Deloitte (South Africa). She is also Director and Chair of the Investment Committee of the South African Public Investment Corporation, managing $60 billion in public pension funds. She serves on the boards of the SA Institute of Chartered Accountants, the Public Accountants and Auditors Board, the Money Laundering Advisory Board, and the Financial Services Advisory Board. Futhi has received numerous awards, including South African Business Woman of the Year.
Josh Mailman
Josh is President of Sirius Business Corporation, a NY-based global investment firm. He has 25 years experience investing in social businesses, and was a founding investor in Grameen Phone and Seventh Generation. He also co-founded Business for Social Responsibility and the Social Venture Network, which brings together private investors, company founders and social entrepreneurs to create a more sustainable society through business. Josh serves on the boards of Human Rights Watch and Witness.
Mats Lederhausen
Mats is CEO and Founder of BE-CAUSE, a company which focuses on building businesses with a purpose bigger than their product. This focus comes from a strong belief that purpose is paramount in today's marketplace. Previously, Mats was the Managing Director of McDonalds Ventures, where he drove high-growth global companies including Chipotle and Pret a Manger. After a long career at McDonald's Corporation, Mats currently serves as a senior advisor to the McDonalds' management team on both asset management and brand trust.
Peter Kellner
Peter is Founder and Managing Director of Richmond Management, a firm that manages investments in venture capital, hedge funds, private equity funds, and technology businesses. Richmond has sponsored funds in the U.S., India, China, and Central Europe. Previously, Peter was a founder of several companies and organizations, including Russia's Ural Petroleum Corporation (later KMOC), sold to Marathon Oil; Endeavor Global, which is pioneering economic development through entrepreneurship in Latin America, Africa, and Turkey; and Vectis Group, a global investment consortium. Peter sits on the boards of Obopay and Voxiva.
Craig Churchill
Craig Churchill has microfinance experience in both developed and developing countries including Get Ahead Foundation in South Africa, ACCION International and the MicroFinance Network in the U.S., and Calmeadow in Canada. In his current position in the ILO's Social Finance Programme, he focuses primarily on the role of financial services that the poor can use to manage risks and reduce their vulnerability. He serves of the Chair of the CGAP Working Group on Microinsurance. His most recent publication is Protecting the Poor: A Microinsurance Compendium.
Sari Miller
Sari Miller is President of Sarjay, Inc., which she founded 26 years ago. She has represented global commercial clients in purchasing transactions all over the United States and Europe. She was a Partner, Executive Vice President and Chief Financial Officer of a company sold to AIG, Inc. Concurrently, as a founder, Sari Miller served on the Board of Directors, and was Chair of the Executive and Investment Committees of a publicly held insurance company with assets exceeding $1 billion. She directed a $60+ million capital campaign and its subsequent sale. She has been involved in insurance related businesses since 1986. She is a founding investor in many entrepreneurial ventures.
Valeria Budinich
Valeria has 20 years of business development experience in 22 countries. She is Vice President of Ashoka, the organization that pioneered support for social entrepreneurs in 60 countries. She leads the global Hybrid Value Chain initiative to deliver products and services to small producers and low-income families. HVC is pioneering sustainable and profitable business-social partnerships between nonprofits and large companies. Previously, Valeria was the founding Vice President of Endeavor Latin America.
Josh Gottheimer
Josh is Executive Vice President, Worldwide, at Burson-Marsteller, one of the largest communications firms globally with offices
in 82 countries. From 1998 to 2001, he served as Special Assistant to the President and Presidential Speechwriter to President Bill
Clinton. After leaving the White House, Josh was a Senior Advisor to the United States Commission on Civil Rights and a founding
partner of the Cambridge Writers Group. He went on to be Director of Strategic Communications at Ford Motor Company, before
joining Burson-Marsteller. Josh appears regularly on CNN, MSNBC, and Fox News.
