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LONDON (Alliance News) - Investment firm Symphony International Holdings Ltd on Friday said it appointed Samer Alsaifi as independent director of the company with immediate effect.
Alsaifi is currently vice-chairman of Alcazar Capital Ltd, a private equity and advisory platform. He brings "extensive capital markets experience" to the company's board, Symphony said, having previously held roles in corporate finance, private banking, asset management and private equity.
Prior to Alcazar, Alsaifi was executive director and advisor at Morgan Stanley Wealth Management in Dubai.
In a separate statement, Symphony said that the Pierre Chen family became a partner and co-owner of the Liaigre Group, alongside Symphony and Navis Capital Partners.
"The Liaigre brand was established in 1985 and has become one of the most sought-after luxury furniture brands, synonymous with discreet luxury, and renowned for its elegant, minimalistic and luxurious design style," Symphony said.
The Pierre Chen family has interests in a wide range of industries that include lifestyle assets, technology and electronics, Symphony explained.
Symphony International shares were trading down 8.9% at USD0.68 each.