FrontCap Asia
Strategic Investments
Luxembourg | Ulaanbaatar | Singapore | Bangkok
Company
FrontCap Asia is a small sector-agnostic Principal Investment firm driven by a singular philosophy: we invest in people. By deploying proprietary capital across Asia’s most exciting markets, we operate with the agility and high-conviction required to back transformative ideas. We are not bound by rigid industry verticals; instead, we identify visionary founders who possess the grit and local expertise to redefine their markets.
We understand that growth looks different in every landscape and our portfolio is a testament to this versatility: from pioneering deferred-payment platforms, full-service investment banks, brokerage solutions and resilient agricultural ventures in the harshest frontiers in Mongolia, to scaling digital infrastructure in Singapore and premier hospitality in Bangkok.
We are more than just a source of capital; we are a strategic partner that adapts to the needs of each investment. Whether we are taking board seats and working day-to-day with management to refine strategy and optimize capital structures, or providing the flexible, passive funding necessary to bridge the gap toward institutional scale, our involvement is always tailored to help the business reach its full potential.
With a focus on the 650 million people of the ASEAN region and the untapped potential of frontier markets like Mongolia, FrontCap Asia is committed to being a real agent of growth. We provide the financial fuel and strategic weight to help the continent’s most industrious entrepreneurs succeed.
Team
Gilles Guerrier de Dumast
Founder and Chief Executive Officer
Founder and Executive Chairman of FrontCap Asia SARL in Luxembourg, Gilles Guerrier de Dumast leverages on his large global network to source and facilitate business opportunities. Additionally, Gilles is also the co-founder and Director of Storepay Holding in Singapore, an innovative and pioneering Buy Now Pay Later company with operations in Mongolia (with almost 50% market share) and currently expanding in Indonesia and Vietnam.
Gilles joined Crédit Agricole CIB in 2005 as Deputy General Manager of Credit Agricole CIB and Global Head of Coverage and Investment Banking. In that capacity, Gilles was responsible for all financial institutions and corporate banking, investment bankingand corporate finance operations in the bank’s 57 countries and 22 French regions (allocation and management of credit, M&A, Equity Capital Markets and Derivatives, Global Loan Syndication, Global Credit Analysis and Islamic Banking).
Gilles returned to Paris in 2004 after 18 years in London to become the Special Advisor of the French Minister of Economy, Finance and Industry.
In London, Gilles was successively, from 1986 to 1995 with Bankers Trust International PLC, as Managing Director, Head of the European Strategic Derivatives Group. Gilles was also a member of the Boards of Bankers Trust France SA, Bankers Trust Holdings SA, a member of the Executive Board of Didier Philippe SA (a leading French stockbroker) and Chairman and CEO of BT Opera Trading SA; from 1995 to 2003, with Credit Suisse First Boston in London, as Managing Director, Head of CSFB France and member of the Investment Banking Global Executive Board in New York. From 2003 until the newly appointed French Finance Minister appointed him as Special Advisor, Gilles was the Head of Corporate Finance France of Deutsche Bank and a member of the European Executive Committee.
From 1983 to 1986, Gilles was with JP Morgan in Paris and New York.
Throughout his career, Gilles has been involved in well over a trillion US dollars worth of transactions, has pioneered some of the most complex and innovative financial derivative hedging instruments, has been involved and advised on the most important privatizations and has acted as trusted advisor to some of the most reputed global entrepreneurs.
Gilles was at the Boards of numerous prestigious entities in France, the Netherlands, Luxembourg, the United Kingdom, Russia, Dubai, Hong Kong and Saudi Arabia and in particular, CLSA - #1 broker and research firm in Asia; Amundi – largest European asset manager; Labeyrie - world’s largest producer of foie gras and smoked salmon; the Formula One racing team Prost Grand Prix and Prost Design SA – a Joint Venture between Prost Grand Prix, Yahoo!, Inc. and Moet Hennessy Louis Vuitton, LVMH and latterly, Amundi Hong-Kong, Amundi Singapore and Amundi Thailand.
Gilles has developed senior relationships in the MEA, the Americas, Asia and Japan, Europe and Central Europe.
Gilles holds a Master in Finance from Sciences Po Paris and is a graduate of Université de Nancy II and the Centre Universitaire d’Etudes Politiques in Nancy. Gilles is also a Reserve Lieutenant in the French Navy.
Gilles was awarded the bronze medal of National Defense, is a knight in the Order of Mérite Agricole and is a knight of the Palmes Académiques.
Gilles is Economic Ambassador of the city of Nancy, his hometown.
Cecilia Barradas
Chief Operating Officer
Mexican born, Cecilia holds a Double Masters degree in International Economic Development and Economic History from Sciences Po Paris and the London School of Economics and bachelor’s degree in International Relations.
Cecilia worked previously at the Mexican Embassy in Brussels in the Economics Department, at the Ministry of Economic Development of the State of Veracruz-Mexico as an adviser to the Minister, and at the World Heritage Centre-UNESCO in Paris.
For over 14 years, Cecilia has lived the organization’s transition from its early strategic advisory roots to a dedicated principal investment house. Having risen through the ranks from an initial internship, she possesses an intimate understanding of the firm’s DNA and has personally managed the lifecycle of ventures across multiple geographies.
Today, she serves as the primary cross-border coordinator, steering the legal, financial, and administrative framework for the group’s international holdings. With deep experience in managing complex structures in Dubai, Hong Kong, Singapore, and Luxembourg, she specializes in the technical execution of global transactions.
Her role is defined by "End-to-End" oversight—transforming initial due diligence into long-term governance and ensuring that every asset, regardless of sector complexity, is supported by a rigorous operational foundation.
Driven by a career defined by adaptability, she bridges the space between high-level investment intent and the reality of global expansion. She ensures that FrontCap Asia’s proprietary capital is deployed with the transparency and precision necessary for a modern investment portfolio to thrive.
Tselmeg Gantulga
Chief Financial Officer
Tselmeg holds a Bachelor’s degree in Accounting, Account Analysis and Audit from the Financial University in Moscow.
She has seven years of experience in the finance industry, with a strong background in accounting, corporate finance, capital markets, fundraising, and investment advisory in Mongolia.
At FrontCap, she serves as Chief Financial Officer, overseeing financial strategy and operations across the firm’s investment activities. She has been involved in projects spanning multiple sectors and geographies. Her main responsibilities include:
- Leading financial planning, budgeting, and treasury management, ensuring efficient allocation of capital across investment projects.
- Overseeing financial structuring, financial modelling, and due diligence for investment opportunities and transactions.
- Managing the full transaction lifecycle, from origination and structuring to negotiation and execution.
- Supervising accounting, financial reporting, compliance, and audit processes across the organization.
- Supporting fundraising efforts and maintaining relationships with investors, funds, commercial banks, and development finance institutions.
- Driving strategic decision-making by providing financial insights and performance analysis across the firm’s portfolio.
Albert Momdjian
Senior Advisor
Albert is also Founder and CEO of Sokotra Capital, established in 2014 after spending three years with UBS AG as the Head of its UHNW and Corporate Advisory Group businesses for the Middle East & Africa region. During his time with UBS, Albert reported to the Head of Global Emerging Markets Wealth Management in Zurich and was responsible for a team of over 55 professionals across Zurich, Geneva and Dubai
Prior to joining UBS, Albert worked in CACIB (formerly CALYON) from 2006 to 2011 as head of its MENA investment banking business. Albert was also responsible for the bank’s Middle East and Africa coverage activity from 2010 onwards.
Previously he was Head of Corporate and Investment Banking Coverage for the MENA region at Credit Suisse First Boston (“CSFB”) in London; Founder of Beyrut Financial Advisors, a Mediterranean Basin Corporate Finance and Advisory boutique; Director of investment banking coverage for the MENA at Merrill Lynch (including M&A, Equity and Equity Linked origination); and Head of developing research capabilities on the MENA region at Barings Bank and HSBC Securities.
Albert carries a wealth of knowledge and experience of the MEA region. He enjoys extensive relationships at all levels with regional government officials, CEOs and CFOs and has advised clients into and out of the region on several landmark transactions.
In addition, Albert served as an advisor to the Cairo Stock Exchange and a member of the Committee assisting them on strategic initiatives and helped set up HSBC’s brokerage operations in Egypt, the first such entity owned by a foreign investor.
Albert holds a Master in International Finance, with Honors from the University of Paris Dauphine (France).
Pierre Jaffre
Senior Advisor
Pierre started his career at the International Directorate of the Ministry of Defense as a United States/Canada/United Nations staff officer before becoming Deputy Director for “Asia – America – Africa”, and was later posted to the French Embassy in Bangkok as Ministry of Defense Regional Attaché for Southeast Asia.
In 2001, he joined Airbus Group as Managing Director of the Malaysian Office, and four years later was appointed President for the Asia-Pacific region. He significantly developed Airbus’s footprint across every country in the Asia-Pacific region and actively implemented the Group’s 3I policy (Integration, Internationalization, Innovation) throughout the region.
He also launched an ambitious Talents Programs aimed at detecting Asian talents and growing them in the Group. Pierre became Director / Chairman of Airbus subsidiaries throughout the region: Thailand, Malaysia, Singapore, Indonesia, Vietnam, Australia/NZ, Korea, Japan, China & India.
Pierre is Chairman of the Aerospace Committee of the Franco-Thai Chamber of Commerce and Conseiller du Commerce Exterieur (Advisor to the French Government for International Trade) since 2003.
Investment Portfolio
Go to Website2019
- Storepay
- Fintech BNPL
A successful BNPL fintech in Singapore with first operations in Mongolia (over 50% market share and profitable) with planned expansions in SEA.
2026 Update: Ranked #5 fastest-growing company in Singapore (Straits Times) and #19 in Asia-Pacific (Financial Times) for 2026. #2 Fintech in both rankings.
Go to Website
Go to Website2025
- Blue Like an Orange
- Sustainable Finance
A leader in sustainable development finance, providing innovative capital solutions to foster inclusive growth and positive impact in emerging markets.
Offices
