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Stewart Langdon
Partner, LeapFrog Investments
Stewart Langdon is a prominent figure in the field of private equity, serving as a Partner and the Co-Head of South Asian Investments at LeapFrog Investments. He has been with LeapFrog since 2010, contributing significantly to its growth and impact in emerging markets, particularly in financial services and digital finance across Asia and Africa.
Professional Background
Education and Early Career:: Stewart holds a Bachelor of Laws from the University of Aberdeen and began his career at Ernst & Young (EY) as an executive in the audit team. He later transitioned into investment banking, working as a vice president at Rothschild & Co., where he specialized in corporate finance across various sectors including insurance, banking, and telecom in Asia, Africa, and the Middle East.14
Role at LeapFrog Investments:: At LeapFrog, Langdon leads investments focused on financial services, overseeing deal sourcing and execution. He has played a pivotal role in several successful investments and exits, including Mahindra Insurance Brokers and Magma Fincorp. His leadership extends to sitting on the boards of portfolio companies such as WorldRemit (now Zepz) and BIMA, as well as being a member of LeapFrog's Investment Committee.156
Impact and Philosophy
Langdon is deeply committed to impact investing, which aims to generate social and environmental benefits alongside financial returns. Under his guidance, LeapFrog has grown its assets under management from $135 million to approximately $1.5 billion. The firm focuses on essential services that cater to low-income populations, aiming to reach one billion people by 2030.236 Langdon emphasizes the importance of technology in scaling access to these services, highlighting its transformative potential for communities transitioning out of poverty.46
Additional Roles
Beyond his work at LeapFrog, Stewart Langdon is a trustee of the Asia Scotland Institute and chairs its business advisory council. He is also involved with various industry associations, reflecting his commitment to fostering growth in emerging markets through responsible investment practices.15
In summary, Stewart Langdon combines extensive experience in finance with a strong dedication to social impact, making him a key player in the evolution of private equity focused on emerging markets.

