Read our information sheet to learn more about Frontier Investments Group.
Our team draws from backgrounds in venture capital, investment banking, microfinance, and broader experiences of living and working in emerging markets worldwide.
Monica BrandPrincipal Director, Frontier Investments Groupmbrand@accion.org
Monica Brand is the founding principal director of Accion’s Frontier Investments Group. Monica has spent her career in the financial services and social enterprise sectors, expanding and enhancing the value offered to the majority. Prior to assuming this role, Monica launched and managed Accion’s Marketing and Product Development Unit, where she oversaw the creation of new financial services to move the industry beyond microcredit, and worked in Mexico with Compartamos Bank, the largest MFI in Latin America. Before joining Accion, Monica worked with Anthuri Ventures – an early stage equity fund based in Cape Town, South Africa – and founded Anthuri Catalysts to help prepare potential portfolio companies for investment. Monica also worked at Calvert Ventures, the early–stage equity arm of the Calvert Foundation. Monica began her career in financial services in California as a commercial loan officer of a green fund, and separately helped launch a $50 million multi-bank lending intermediary to finance small businesses and community facilities.
Monica holds an MBA and master's of education from Stanford University and a bachelor’s degree in economics from Williams College, where she graduated with honors. She currently serves as an adjunct professor at John Hopkins School SAIS, teaching a graduate-level course on impact investing. Monica serves on numerous boards including GloboKasNet, Paralife, Shubham Housing co. and Mobile Transactions International (MTI- Zoona). Monica chairs the Investor Representative Committee of LeapFrog Investments, the first microinsurance fund. Monica is based in Washington, D.C., and travels often to her home country of Peru.
Shantanu BhagwatPrincipal Director, Frontier Investments Groupsbhagwat@accion.org
Shantanu Bhagwat is a principal director with Frontier and divides his time between the UK and India. Before joining Accion, Shantanu was a partner at Amadeus Capital, a technology-focused venture capital firm based in London, and also worked at Monitor Co. Prior to that, Shantanu spent several years as a career diplomat with the Indian Foreign Service, working in New Delhi and Tokyo. Shantanu is a personal investor and advisor to several start-ups in India, including Myntra, Innoviti, and Elements Akademia.
A graduate in computer engineering, Shantanu holds an MBA from the London Business School, where he was a Chevening Scholar. He is a charter member of TiE, a global nonprofit network of entrepreneurs and professionals. He is also a frequent speaker and panelist at conferences on venture capital innovation in Asia, with a specific focus on India. Shantanu serves on the board of Vindhya.
Miguel HerreraSenior Investment Officer, Frontier Investments Groupmherrera@accion.org
Miguel Herrera is a senior investment officer, leading Frontier’s work in Latin America. Prior to joining Frontier, Miguel worked for Accion Investments in Microfinance SPC, a private equity fund dedicated to investing in microfinance institutions, where he sourced, executed, and managed investments in MFIs in Central and South America, serving on the boards of Banco Solidario (Ecuador), MiBanco (Peru) and BancoSol (Bolivia). Prior to joining Accion, Miguel was a vice president of Citi Group’s Fixed Income Capital Markets Division, where he provided currency and interest rate risk management advisory services to financial institutions and Fortune 500 companies. While at Citigroup, Miguel was formally introduced to microfinance through his role in the restructuring and turnaround of Accion Chicago as the board’s chair of operations. Miguel was born and raised in Peru, began his finance career at Banco Wiese’s Investment Banking Division, and has spent much of his life in Canada.
Miguel holds an MBA from Simon Fraser University and bachelor’s degree in economics from Queen’s University. Miguel serves on the boards of Tiaxa, a mobile financial services provider, and MFX Solutions, an industry initiative providing hedging services to MFIs.
Michael MuraiSenior Investment Officer, Frontier Investments Groupmmurai@accion.org
Michael Murai is a senior investment officer responsible for investment sourcing, structuring, and portfolio management in Africa. In addition to his Africa-focused work, Michael has also worked on investments in India and Latin America. Prior to joining Accion, Michael worked at Citigroup Global Markets’ Structuring and Origination Group, where he participated in over $12 billion in securitizations. Additionally, Michael has a number of years of experience in private equity and investment banking from his time at Zephyr Management and CIBC World Markets Investment Banking Group.
Michael holds a master’s degree from Georgetown University’s School of Foreign Services, as well as a BSBA from the McDonough School of Business at Georgetown University. Michael was born and raised in Nairobi, Kenya, and currently resides in Washington, DC. Michael serves on the board of Mobile Transactions Zambia (Zoona), and Africap. He has formerly served on the boards of MFX Solutions and Microbilt.
Sara TaylorInvestment Officer, Frontier Investments Groupstaylor@accion.org
Sara Taylor is an investment officer responsible for sourcing, structuring and execution of transactions. Prior to joining Accion, Sara worked in the Global Banking & Markets unit of the Royal Bank of Scotland in London, where she qualified as a UK Financial Services Authority Investment Advisor. Sara is also a qualified UK attorney and practiced corporate law at Clifford Chance in London, acting for private equity firms, companies and financial institutions on a wide range of domestic and cross-border transactions. During her graduate studies, Sara worked in Zambia for the Grassroots Business Fund, where she provided technical assistance on regulatory and corporate structuring issues to Zoona, now a Frontier portfolio company.
Sara holds a master’s degree in international development and economics from Johns Hopkins SAIS, a law degree from the College of Law in London, and a bachelor’s degree in politics, philosophy, and economics from Oxford University. Sara is a dual Spanish and UK citizen and speaks Spanish, French, Italian and Portuguese.
Pat WilsonSenior Investment Analyst, Frontier Investments Grouppwilson@accion.org
Pat Wilson works on Frontier’s investment activities throughout the investment process and provides portfolio management support. His professional expertise spans the areas of equity investing, fund creation, pipeline development and transaction structuring and execution. His early career focused on middle-market leveraged buyouts where he worked as an investment banker and private equity investor at Citigroup, National City, and Brazos Private Equity Partners. Most recently, he served as a senior associate in the Private Equity Group of HBK Capital Management, a global hedge fund managing $14 billion in equity capital. Pat left HBK in 2008 to co-found Antelope Capital Partners, a double bottom-line real estate investment firm specializing in the acquisition, renovation and management of low-income housing. As Managing Partner of Antelope, he was responsible for rehabilitating and bringing to market over 1,000 affordable housing units throughout the southern United States.
Pat attended the Wharton School at the University of Pennsylvania where he earned a bachelor of science in economics with concentrations in finance and entrepreneurship.
Aubrey Cox Program Coordinator, Frontier Investments Groupacox@accion.org
Aubrey is responsible for coordinating transaction activities and providing governance, portfolio management, and marketing support for Accion Global Investments. Prior to joining Accion, Aubrey worked at Operation Smile, where she traveled internationally to collect surgical outcomes data. During her studies, Aubrey worked at Partners of the Americas, the US Senate, and Blackbaud.
Aubrey has a bachelor’s degree in international business with a concentration in Spanish from the College of Charleston. Aubrey’s international experience includes studying at the Universidad de Belgrano in Buenos Aires, Argentina, completing a fellowship with the Rene Moawad Foundation in Beirut, Lebanon, and working in twelve developing countries with Operation Smile.