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