Aaron Finch blasted England's bowling all around the Rose Bowl, Southampton, in his 156-run stand. Paul Gilham / Getty Images
Aaron Finch blasted England's bowling all around the Rose Bowl, Southampton, in his 156-run stand. Paul Gilham / Getty Images

Aaron Finch smashes T20 batting record as Australia end slump in England



SOUTHAMPTON // Record-breaking batsman Aaron Finch thinks a first win in any format in six months will give Australia a huge dose of much-needed confidence after the disappointment of the Ashes defeat.

The 26 year old smashed 156 runs off 63 balls to help Australia beat England in a Twenty20 match at the Rose Bowl, bettering the previous international record of 123 scored by New Zealander Brendon McCullum.

Australia's tally of 248 for six was the second highest score in an international T20 after Sri Lanka's 260 against Kenya in 2007, and set up their first victory since they beat West Indies in a one dayer in early February.

"It was just one of those days when everything hit the middle of the bat and things went my way," Finch said.

"It was a beautiful wicket. The outfield was lightning and all you had to do was hit the gap early and you got maximum value.

"It was a beautiful place to bat, I think the bowlers won't be too happy about it though."

In 70 minutes of batting fireworks, Finch hit 11 fours and a T20 record 14 sixes, one off the bowling of Stuart Broad bringing up his first international century from 47 balls.

The opener said he was unaware he had a chance to better South African Richard Levi's 45-ball record for the fastest T20 century.

"I think you saw, I started blocking the hell out of it around 100," he laughed. "I did get a little bit nervous but I had no idea what the record was."

Finch hoped his blistering innings would help him stake a "pretty good" claim to stay in the side for the second T20 against England in Durham and the one-day series to follow.

Although Australia's winless streak in Test cricket is now guaranteed to extend to 11 months, Finch thought breaking the drought in all forms of the game augured well for the limited overs series against England.

"It's huge boost, there's a lot of new players in so there's a lot of fresh guys ready to go," he said.

"So I think there hasn't been a lot of baggage carried over from the Ashes ... I think everyone's really confident going into the series."

The match was also notable for being the international debut of leg spinner Fawad Ahmed, a former refugee from Pakistan who benefited from a change in the law to get his Australian citizenship in July.

"There's a huge excitement around the group about Fawad playing," Finch said of his Victoria state team mate, who failed to take a wicket and cost 43 runs in tricky conditions at the Rose Bowl.

"He bowled the house down in domestic cricket last year and I think given the conditions, he adapted really well.

"It's never easy when batsmen are trying to attack you so much but he's got a wise head on his shoulders and I thought he did really well today."

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.”

RACE SCHEDULE

All times UAE ( 4 GMT)

Friday, September 29
First practice: 7am - 8.30am
Second practice: 11am - 12.30pm

Saturday, September 30
Qualifying: 1pm - 2pm

Sunday, October 1
Race: 11am - 1pm

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Founders: Mostafa Kandil, Ahmed Sabbah and Mahmoud Nouh

Based: Cairo, Egypt

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Investors include: Dubai’s Beco Capital, US’s Endeavor Catalyst, China’s MSA, Egypt’s Sawari Ventures, Sweden’s Vostok New Ventures, Property Finder CEO Michael Lahyani

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62kg brown-black belt: Bianca Basilio (BRA) bt Ffion Davies (GBR) via referee’s decision (0-0, 2-2 adv)
70kg brown-black belt: Ana Carolina Vieira (BRA) bt Jessica Swanson (USA), 9-0
90kg brown-black belt: Angelica Galvao (USA) bt Marta Szarecka (POL) 8-2

Men:

62kg black belt: Joao Miyao (BRA) bt Wan Ki-chae (KOR), 7-2
69kg black belt: Paulo Miyao (BRA) bt Gianni Grippo (USA), 2-2 (1-0 adv)
77kg black belt: Espen Mathiesen (NOR) bt Jake Mackenzie (CAN)
85kg black belt: Isaque Braz (BRA) bt Faisal Al Ketbi (UAE), 2-0
94kg black belt: Felipe Pena (BRA) bt Adam Wardzinski (POL), 4-0
110kg black belt final: Erberth Santos (BRA) bt Lucio Rodrigues (GBR) via rear naked choke

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

What can you do?

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You can use the Ministry of Human Resources and Emiratisation’s dedicated hotline

In criminal cases, you can contact the police for additional support

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Engine: 1.5-litre turbo

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Transmission: 6-speed automatic

Starting price: Dh79,000

On sale: Now

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About Seez

Company name/date started: Seez, set up in September 2015 and the app was released in August 2017  

Founder/CEO name(s): Tarek Kabrit, co-founder and chief executive, and Andrew Kabrit, co-founder and chief operating officer

Based in: Dubai, with operations also in Kuwait, Saudi Arabia and Lebanon 

Sector:  Search engine for car buying, selling and leasing

Size: (employees/revenue): 11; undisclosed

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Investors: Wamda Capital, B&Y and Phoenician Funds 

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Stars: Adrien Brody, Felicity Jones, Guy Pearce, Joe Alwyn

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