The HM4 Thunderbolt. Courtesy: MB&F
The HM4 Thunderbolt. Courtesy: MB&F

Different strokes: MB&F creates watches that are ahead of their time



Maximilian Büsser is not your average watchmaker.

Your average watchmaker is not prone to saying things like this: “Let’s not forget that everything we do has absolutely no practical point. We are creating objects that are ten thousand times less precise than quartz, up to ten thousand times more expensive and probably a thousand times less reliable. There is no way anybody can get away with telling you that there is a point to what we do.”

Much less this: “There’s an incredible fact in my industry that nobody wants to talk about – that since 1870, we have virtually not created anything. The chronographs, the perpetual calendars, the minute repeaters, the tourbillons, you name it, everything that we are all boasting about was created between 1720 and 1870. And that’s pathetic.”

Or this: “More and more, my industry is taking the customer towards status. It takes years of research and engineering and artisanship to create these things, and then we tell customers they should wear them because some footballer is? That drives me crazy.”

But while the founder of the niche watchmaking brand MB&F may talk about his industry with a healthy dose of irreverence, few people can claim to be as committed to the actual art of watchmaking. For Büsser, a watch has little to do with necessity, much less timekeeping: it is a piece of kinetic sculpture. “I haven’t put together a team of the most incredible engineers and artisans, to work for three years on R&D and 18 months on production and two months on assembly, to give you time,” he says. “Why am I doing this? Because it’s a piece of art.”

The half-Swiss, half-Indian resident of Geneva is of solid horological stock. He was brought up through the ranks of Jaeger-LeCoultre, where he was part of the senior management team for seven years during the 1990s, and became the managing director of Harry Winston Rare Timepieces in 1998 at the age of 31. But nine years ago, he decided he’d had enough. “I decided that I wasn’t going to create any more products just to please clients. I spent 14 years looking at the market and saying this is what we should do because it will sell. At some point, I realised that I didn’t want that life; I wasn’t proud of it.”

So he set up MB&F. The F, incidentally, stands for friends. There is an almost revolutionary, anti-capitalist undertone to his approach. The company has no marketing budget, with a whopping 30 per cent of revenue invested back into R&D, and Büsser eschews the idea of celebrity endorsements (two famous figures from the sporting world recently approached him to discuss the idea of becoming brand ambassadors. He politely declined. “I’m not even going to give them a discount,” he laughs). In addition to only working with like-minded “friends”, many of whom took a significant pay cut when they joined the company, Büsser decided early on that he would keep his company small. In fact, it reached “ideal” size last year and production has now been capped at around 300 timepieces per year. “We are not going to grow any more. I can decide that because I am the owner and there are no shareholders pushing for double-digit growth every quarter.”

So what, if not growth, is his driving force? “Creativity. I’m just pushing my own boundaries. MB&F, as I often say, is a great life model but a terrible business model. But it’s my life decision.”

There is, and he will be the first to admit it, a certain self-indulgence to the whole endeavour. Büsser basically creates watches for himself; they are autobiographical markers of his own personal evolution. “In maybe 10 years time, you will put 20 of my pieces next to each other and you won’t see the trends of the market; it will be a personal autobiography. So that’s the driving force.”

The pieces, which cost up to Dh800,000, are, above all, polarising. They are highly technical but also three-dimensional, and defined by unexpected shapes and seemingly incongruous proportions. HM4 Thunderbolt (pictured on the previous page), for example, is inspired by Büsser’s childhood passion for model plane kits and looks like two mini rockets stationed side by side on your wrist. HM5, meanwhile, is inspired by the supercars of the 1970s and features a tapering wedge-shaped body and a vertical, forward-facing display. HM3 consists of two bulbous cones protruding from a complex asymmetrical case. When Boucheron created an haute joaillerie version of this piece, as seen on our cover this month, HM3 was transformed into a mesmerising, jewel-encrusted owl.

“When I created our first piece, HM1, it was super radical. But if I look at it today, I have a lot of fondness for it but I think it’s so tame. We’re radicalising ourselves. In the Horological Machines we are getting crazier and crazier. In November we are launching HM6, our ninth fully new product in nine years.”

The collection is split into the more outlandish Horological Machines and the nostalgic Legacy Machines, which, *shock horror*, are actually round. “If you had told me I would create a round watch at some point, I would have said no way. And then, in 2011, we come out with the Legacy Machine, because in the middle of all that I decided I wanted to create a tribute to the 19th century. I thought, actually, after so many years of rebellion, I’d like to create a classic watch again.”

So who is buying these things? MB&F owners around the world share commonalities, says Büsser. “What I’ve seen is that most of my clients are extremely assertive people. You need courage to wear an MB&F. You’re not a show off, you’re not about status. My clients are people who don’t care what people think of them. Which is amazing, really, because I don’t care what my clients think.”

Nonetheless, it must have been incredibly difficult for a small, niche company to establish itself in an industry that is brimming with brand awareness – and brand loyalty. This is an issue that is particularly pertinent in this part of the world, Büsser admits. “This is a region that is extremely open to new ideas, new shapes and new concepts, which is great for us, but at the same time, they are extremely brand conscious, which is terrible for us. If the only thing people are interested is in is a piece of status, they will never be interested in what we do, however crazy or cool it is.”

Even so, MB&F has ramped up sales efforts in the GCC over the last year and is now sold in Qatar and Saudi Arabia and by Al Manara International Jewellery in Abu Dhabi. In Dubai, the brand has a long-standing relationship with Ahmed Seddiqi and Sons. “The owners of Seddiqi are one of the six foundation retailers of the brand,” Büsser explains. “When I started the company, I had 900,000 francs, which is around Dh2.8 million. For a mere mortal that is a hell of a lot of money, but when you want to launch a watch company, especially one with complicated movements, it’s a drop in the ocean. You need Dh20 million. So I went around the world to see my best retailers from my Harry Winston days and said: ‘This is the design of my first watch, and this is a plastic representation of the piece. Are you interested in buying it? If you say yes, please can you pay me one third in advance now and, if you’re lucky, I’ll deliver in two years.’ Some of them said yes, some said no. The Seddiqis were one of the six that said: ‘OK. You’re crazy but we trust you.’”

Needless to say, Büsser does not have a 10-year plan. With production capped and demand on the rise, it seems highly likely that the secondary market for MB&F pieces will grow and transform Büsser’s creations into highly sought-after collectibles. Which, in turn, will mean that all those early buyers to whom the brand is so indebted could make themselves a very pretty penny. Büsser appears pleased with this little bit of karma.

One thing that is definitely on the agenda is the launch of more of the brand’s so-called MAD (Mechanical Art Devices) galleries, the first of which opened in Geneva in 2011. In addition to MB&F’s own timepieces, the galleries feature a carefully curated collection of weird and wonderful kinetic and mechanical items from around the world. These are items of extreme and rare beauty – the Birdfish guitar, an unlikely looking instrument carved from solid blocks of acoustically optimal aluminium, which is inspired by Leo Fender’s Stratocaster and rated among the best technical electric guitars in the world; custom-made motorcycles by the Japanese artist Chicara Nagata, who spends thousands of hours obsessively crafting his masterpieces, taking a vintage motorcycle engine and then adding up to 500 components that he has created himself; and kinetic sculptures by the 72-year-old, New York State-based artist Bob Potts who, in a one-man workshop built in the 1850s, creates minimalist works of moving art out of stainless steel, aluminium, brass, bronze, copper and wood.

The concept has proven incredibly successful – a second MAD Gallery was established in Taipei this year and there are concrete plans to open another in Dubai within the next 18 months.

In the interim, Büsser will be focusing on recalibrating the old work-life balance, which will involve a move to Dubai. “I decided that I was going to try to have a work-life balance that made sense. Work has been most of my life. When I met my wife I said to her, ‘I am divorced with no kids but it’s as if I have three kids. M, B and F.’ It has taken up an enormous part of my life. And I think the standard of living in the UAE is about 10 times higher than Europe. I’m not sure that that’s ever happened before – the owner of a Swiss watch brand coming to live here.”

Probably not. But Maximilian Büsser is not your average watchmaker. And his watches are not your average watches.

sdenman@thenational.ae

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

A State of Passion

Directors: Carol Mansour and Muna Khalidi

Stars: Dr Ghassan Abu-Sittah

Rating: 4/5

COMPANY%20PROFILE
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Nepotism is the name of the game

Salman Khan’s father, Salim Khan, is one of Bollywood’s most legendary screenwriters. Through his partnership with co-writer Javed Akhtar, Salim is credited with having paved the path for the Indian film industry’s blockbuster format in the 1970s. Something his son now rules the roost of. More importantly, the Salim-Javed duo also created the persona of the “angry young man” for Bollywood megastar Amitabh Bachchan in the 1970s, reflecting the angst of the average Indian. In choosing to be the ordinary man’s “hero” as opposed to a thespian in new Bollywood, Salman Khan remains tightly linked to his father’s oeuvre. Thanks dad. 

SCHEDULE

Saturday, April 20: 11am to 7pm - Abu Dhabi World Jiu-Jitsu Festival and Para jiu-jitsu.

Sunday, April 21: 11am to 6pm - Abu Dhabi World Youth (female) Jiu-Jitsu Championship.

Monday, April 22: 11am to 6pm - Abu Dhabi World Youth (male) Jiu-Jitsu Championship.

Tuesday, April 23: 11am-6pm Abu Dhabi World Masters Jiu-Jitsu Championship.

Wednesday, April 24: 11am-6pm Abu Dhabi World Professional Jiu-Jitsu Championship.

Thursday, April 25: 11am-5pm Abu Dhabi World Professional Jiu-Jitsu Championship.

Friday, April 26: 3pm to 6pm Finals of the Abu Dhabi World Professional Jiu-Jitsu Championship.

Saturday, April 27: 4pm and 8pm awards ceremony.

The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

If you go:
The flights: Etihad, Emirates, British Airways and Virgin all fly from the UAE to London from Dh2,700 return, including taxes
The tours: The Tour for Muggles usually runs several times a day, lasts about two-and-a-half hours and costs £14 (Dh67)
Harry Potter and the Cursed Child is on now at the Palace Theatre. Tickets need booking significantly in advance
Entrance to the Harry Potter exhibition at the House of MinaLima is free
The hotel: The grand, 1909-built Strand Palace Hotel is in a handy location near the Theatre District and several of the key Harry Potter filming and inspiration sites. The family rooms are spacious, with sofa beds that can accommodate children, and wooden shutters that keep out the light at night. Rooms cost from £170 (Dh808).

The specs

Engine: Four electric motors, one at each wheel

Power: 579hp

Torque: 859Nm

Transmission: Single-speed automatic

Price: From Dh825,900

On sale: Now

THE SPECS

Engine: 6.75-litre twin-turbocharged V12 petrol engine 

Power: 420kW

Torque: 780Nm

Transmission: 8-speed automatic

Price: From Dh1,350,000

On sale: Available for preorder now

Results:

Men’s wheelchair 200m T34: 1. Walid Ktila (TUN) 27.14; 2. Mohammed Al Hammadi (UAE) 27.81; 3. Rheed McCracken (AUS) 27.81.

The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.0-litre%204-cyl%20turbo%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E190hp%20at%205%2C600rpm%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E320Nm%20at%201%2C500-4%2C000rpm%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E7-speed%20dual-clutch%20auto%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%20%3C%2Fstrong%3E10.9L%2F100km%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh119%2C900%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%3C%2Fp%3E%0A
MANDOOB
%3Cp%3EDirector%3A%20Ali%20Kalthami%3C%2Fp%3E%0A%3Cp%3EStarring%3A%20Mohammed%20Dokhei%2C%20Sarah%20Taibah%2C%20Hajar%20Alshammari%3C%2Fp%3E%0A%3Cp%3ERating%3A%204%2F5%3C%2Fp%3E%0A%3Cp%3E%3C%2Fp%3E%0A
COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
Where%20the%20Crawdads%20Sing
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EOlivia%20Newman%3Cbr%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Daisy%20Edgar-Jones%2C%20Taylor%20John%20Smith%2C%20Harris%20Dickinson%2C%20David%20Strathairn%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%202%2F5%3C%2Fp%3E%0A
Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
Analysis

Members of Syria's Alawite minority community face threat in their heartland after one of the deadliest days in country’s recent history. Read more

History's medical milestones

1799 - First small pox vaccine administered

1846 - First public demonstration of anaesthesia in surgery

1861 - Louis Pasteur published his germ theory which proved that bacteria caused diseases

1895 - Discovery of x-rays

1923 - Heart valve surgery performed successfully for first time

1928 - Alexander Fleming discovers penicillin

1953 - Structure of DNA discovered

1952 - First organ transplant - a kidney - takes place 

1954 - Clinical trials of birth control pill

1979 - MRI, or magnetic resonance imaging, scanned used to diagnose illness and injury.

1998 - The first adult live-donor liver transplant is carried out

The bio

Favourite book: Peter Rabbit. I used to read it to my three children and still read it myself. If I am feeling down it brings back good memories.

Best thing about your job: Getting to help people. My mum always told me never to pass up an opportunity to do a good deed.

Best part of life in the UAE: The weather. The constant sunshine is amazing and there is always something to do, you have so many options when it comes to how to spend your day.

Favourite holiday destination: Malaysia. I went there for my honeymoon and ended up volunteering to teach local children for a few hours each day. It is such a special place and I plan to retire there one day.

AUSTRALIA%20SQUAD
%3Cp%3EPat%20Cummins%20(capt)%2C%20Scott%20Boland%2C%20Alex%20Carey%2C%20Cameron%20Green%2C%20Marcus%20Harris%2C%20Josh%20Hazlewood%2C%20Travis%20Head%2C%20Josh%20Inglis%2C%20Usman%20Khawaja%2C%20Marnus%20Labuschagne%2C%20Nathan%20Lyon%2C%20Mitchell%20Marsh%2C%20Todd%20Murphy%2C%20Matthew%20Renshaw%2C%20Steve%20Smith%2C%20Mitchell%20Starc%2C%20David%20Warner%3C%2Fp%3E%0A