About

EMPEA’s Frontier Markets Council is an advisory body comprised of and dedicated to fund managers, institutional investors and industry advisers active in the frontier markets. The Council provides a forum for its members to collaborate, share best practices and steer EMPEA’s frontier markets-related research and programming.

The ESG Reference Guide is an initiative by EMPEA’s Frontier Markets Council with input from our LP and DFI Councils. EMPEA has created this reference guide in an effort to facilitate this information exchange and communicate the availability of these resources. This guide is designed to serve as a reference and written for a diverse set of practitioners – those with and without ESG management experience. 

Jake Cusack

Frontier Markets Council Chair, Managing Partner

LocationCrossBoundary

Jake Cusack is co-managing partner of CrossBoundary, a frontier market investment firm whose clients include

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Jake Cusack

Frontier Markets Council Chair, Managing Partner

Jake Cusack is co-managing partner of CrossBoundary, a frontier market investment firm whose clients include development finance institutions, private equity firms, Fortune 100 companies, public policy research institutions, and the US Government. In addition to their advisory business, CrossBoundary has


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CrossBoundary

Sulaiman M. Al-Rubaie

Frontier Markets Council Vice-Chair, Managing Partner

LocationGlobal Capital Management

Sulaiman M. Al-Rubaie has more than 14 years of experience in merchant banking and private

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Sulaiman M. Al-Rubaie

Frontier Markets Council Vice-Chair, Managing Partner

Sulaiman M. Al-Rubaie has more than 14 years of experience in merchant banking and private equity. He has a wealth of experience across many areas including private equity, mergers & acquisitions, equity and debt capital markets and restructuring.

He started his


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Global Capital Management

Eldar Abdrazakov

Chief Executive Officer

LocationCentras Capital

Eldar Abdrazakov is the Founder & Chief Executive of Centras Capital, a Kazakh leading non-bank financial

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Eldar Abdrazakov

Chief Executive Officer

Eldar Abdrazakov is the Founder & Chief Executive of Centras Capital, a Kazakh leading non-bank financial services group. He chairs the Boards of Group’s principle subsidiaries in insurance, capital markets and private equity. Centras through its two insurance subsidiaries commands #3


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Centras Capital

Thomas Barry

President and Chief Executive Officer

LocationZephyr Management, L.P.

Thomas C. Barry is the President and Chief Executive Officer of Zephyr Management, L.P., an

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Thomas Barry

President and Chief Executive Officer

Thomas C. Barry is the President and Chief Executive Officer of Zephyr Management, L.P., an emerging markets investment management company which he founded in 1994.  Zephyr has sponsored twenty-two specialized investment funds with approximately US$2 billion in committed capital. Zephyr’s


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Zephyr Management, L.P.

Stuart Bradley

Senior Partner

Location Phatisa

Stuart Bradley, Senior Partner, Phatisa has 18 years of private equity experience in Africa with

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Stuart Bradley

Senior Partner

Stuart Bradley, Senior Partner, Phatisa has 18 years of private equity experience in Africa with CDC Capital Partners, Aureos Capital and Phatisa Group. He is the co-founder of Phatisa Group, which has over US$ 285 million of capital under management.


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Phatisa

Yana Kakar

Global Managing Partner

LocationDalberg

Yana Watson Kakar is the Global Managing Partner of Dalberg Global Development Advisors. In this

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Yana Kakar

Global Managing Partner

Yana Watson Kakar is the Global Managing Partner of Dalberg Global Development Advisors. In this role, Yana stewards the firm’s global strategy and oversees activities across Dalberg’s 14 offices worldwide.In her client work, Yana advises leaders across the public, philanthropic,


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Dalberg

Leith M. Masri

Founding Partner

LocationFoursan Group

Leith Masri is a Founding Partner of Foursan Group, a leading Middle Eastern private equity

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Leith M. Masri

Founding Partner

Leith Masri is a Founding Partner of Foursan Group, a leading Middle Eastern private equity firm which was established in 2000 and manages funds primarily investing in accelerated growth companies in the Levant and North Africa.  Previously, Mr. Masri was


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Foursan Group

Gerhard Pries

Chief Executive Officer

LocationSarona Asset Management

Gerhard Pries

Chief Executive Officer

Sarona Asset Management

Ali Saigol

Founding Partner

LocationBaltoro Capital

Ali Saigol is a founding partner at Baltoro Capital, Pakistan’s leading private equity firm. Baltoro

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Ali Saigol

Founding Partner

Ali Saigol is a founding partner at Baltoro Capital, Pakistan’s leading private equity firm. Baltoro seeks to capitalize on Pakistan’s burgeoning domestic consumption market and growing competitiveness in product and service export opportunities. Baltoro invests in entrepreneurial opportunities to create


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Baltoro Capital

Geoffrey L. Tassinari

President & Chief Executive Officer

Location Madagascar Development Partners

Geoffrey Tassinari is a French national who was educated in France and the USA.

Since 2004,

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Geoffrey L. Tassinari

President & Chief Executive Officer

Geoffrey Tassinari is a French national who was educated in France and the USA.

Since 2004, he is the Antananarivo-based Executive Chairman of Madagascar Development Partners LLC (MDP), a pioneering venture capital/private equity company focused on Madagascar and the Western Indian


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Madagascar Development Partners
EMPEA represents the leading global investors in EM. I look forward to working alongside to drive much-needed capital for financing entrepreneurs and businesses worldwide.

Renuka Ramnath | Founder, Managing Director & Chief Executive Officer, Multiples Alternate Asset Management Private Limited

EMPEA plays an important and energetic role across the markets it represents, driving outreach and research initiatives, and promoting the role of private capital.

Brian Lim | Partner and Head of Asia and Emerging Markets, Pantheon Ventures

The developed markets have no equivalent to the role EMPEA is playing as a convener and source of trusted information in the emerging markets.

David Rubenstein | Co-Founder and Co-Executive Chairman, The Carlyle Group

I’m honored to join fellow industry pioneers in the leadership of an unparalleled network, filled with first movers, shaping the future of industries and communities.

Dr. Andrew Kuper | Founder and CEO, LeapFrog Investments

EMPEA's market and industry intelligence opens doors to new sources of capital.  I look forward to the future success of EMPEA and its members.

Torbjorn Caesar | Senior Partner, Actis

While there are certainly challenges for the industry, the opportunities abound in our target markets and globally, making a global association like EMPEA more relevant than ever.

Drew Guff | Managing Director & Founding Partner, Siguler Guff & Company