Fernandes jumps from Khazanah Nasional to Leapfrog

Khazanah Nasional's healthcare portfolio manager Michael Fernandes (pictured) has been appointed as a partner and co-head of Asia at Leapfrog Investments.

Leapfrog Investments has hired Michael Fernandes, formerly the manager of Malaysia's sovereign wealth fund Khazanah Nasional's healthcare portfolio, as partner and co-head of its South and Southeast Asia operations.

Khazanah Nasional’s healthcare portfolio is consolidated under Singapore-listed IHH Healthcare, valued at $7bn. Before this, Fernandes led Piramal Healthcare Group's $250m custom manufacturing business.

The appointment is one of two that Leapfrog has made as part of its expansion into healthcare investment. Leapfrog also hired Felix Olale, formerly chairman of healthcare advisor and systems developer Excelsior Group, to lead its African healthcare investments.

We reported in December 2015 that the US government had invested $200m in Leapfrog to support the firm's investments in financial and healthcare companies in Africa and Asia.

Andrew Kuper, founder and chief executive of Leapfrog, said: “These two healthcare leaders have a distinctive combination of experience as investors, operators, advisors and medical innovators. They have successfully executed at the highest level and across several continents.

“Leapfrog aims to generate the same extraordinary results in Healthcare as we have in Financial Services. These formidable leaders have what it takes to achieve those high ambitions, shaping industries and changing lives.”

– Photo courtesy of Leapfrog Investments

See more from this Government Report: Malaysia

Back

Copyright Mawsonia Limited 2010. Please don't cut articles from www.globalgovernmentventuring.com or the PDF and redistribute by email or post to the web without written permission.

Most read

  1. News round up 9 October 2017

    October 09, 2017

  2. Big deal: October kicks off with fundraising galore

    October 09, 2017

  3. Deal net: 25 – 29 September 2017

    September 29, 2017

  4. News round up 2 October 2017

    October 02, 2017

  5. Big deal: Godrej Agrovet enters stock market

    October 16, 2017