| 22 Jun 2010 |
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Dr. Adnan Al Sultan and Yew Meng Fong join Saffar Capital Board of Directors
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Dubai, UAE- June 22, 2010: Saffar CapitalSaffar Capital
, a DIFC based regional financial services firm, announced the appointments of Dr. Adnan Al-Sultan, former Chief Investment Manager for Direct Investments of the Kuwait Investment Authority, and Mr. Yew Meng Fong, former Managing Director of HSBC Futures and Managing Director of Deutsche Bank Securities, to its board of directors. With the two appointments, Saffar CapitalSaffar Capital has expanded its board to five members..Dr. Al-Sultan brings to Saffar CapitalSaffar Capital more than thirty years of financial investment, strategic planning and management experience, including leadership positions in academia, asset management and consulting businesses.
As a non-executive director, Mr. Fong will be responsible for contributing to the strategic direction of the firm. Mr. Fong possesses extensive experience in regulatory, accounting, resource allocation, marketing technology and risk operations, having managed such activities at Deutsche Bank and HSBC Futures. Mr. Fong already serves on the audit committee of Saffar CapitalSaffar Capital's parent company, Saffar Holdings.
Commenting on his appointment, Mr. Fong said "I have been following Saffar CapitalSaffar Capital
's progress for some time and look forward to working with Dr. Al-Sultan Adnan and the other board members and the very capable team at Saffar." The appointments of Dr. Al-Sultan and Mr. Fong build on Saffar CapitalSaffar Capital's emerging position as key regional advisory firm specializing in M&A and debt restructuring.
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Saffar Capital
Saffar CapitalSaffar Capital is a DIFC registered and DFSA regulated Category 4 financial services company specialising in corporate finance advisory services throughout the Middle East. Saffar CapitalSaffar Capital is 100% owned by Saffar Holdings. Founded in 2001, Saffar Holdings has a track record of investments in companies such as Zawya and Credit Suisse Saudi Arabia.
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