Since taking over at Liverpool, Jurgen Klopp has led the side to away victories over Chelsea and Manchester City. Michael Regan / Getty Images
Since taking over at Liverpool, Jurgen Klopp has led the side to away victories over Chelsea and Manchester City. Michael Regan / Getty Images

‘Belief is growing’: Liverpool players hail Jurgen Klopp influence after Man City victory



Liverpool’s players were quick to credit manager Jurgen Klopp’s tactics after they ran out convincing 4-1 winners against Manchester City at the Etihad Stadium on Saturday.

Klopp replaced Brendan Rodgers, who was sacked last month, and has already revitalised a squad that were struggling under the Northern Irishman.

With just one defeat in their past eight games since Klopp took charge, the players recognise that belief is growing with every positive result.

Eight of the 11 who started against City on Saturday also started in the 3-1 defeat against Manchester United on September 12 that marked the beginning of the end for Rodgers.

Liverpool, who looked like a team shorn of creativity and belief against United, were a different proposition against City, harrying their opponents into making mistakes and breaking at speed in a manner reminiscent of Klopp’s best days with his previous side Borussia Dortmund.

[Firmino and Coutinho lead Liverpool in stunning win over Manchester City — in pictures]

"It was the perfect tactical plan from the gaffer," centre-back Dejan Lovren was quoted as saying by the Liverpool Echo.

“The gaffer has given us a lot of belief. On his first day he talked about having many non-believers around the club, but belief is growing.

“We are working harder. We are running now more than ever, more than any other team in the Premier League.”

Goalkeeper Simon Mignolet concurred with Lovren’s assessment of a match that saw Liverpool rise to ninth in the table while knocking City off their perch and down to third.

“Before the game the gaffer laid out a plan for us and it worked out perfectly,” he told the club’s website.

“What he said before the game was the case. We didn’t let them breathe.”

Liverpool raced into a three-goal lead within the first 32 minutes before being pegged back by a Sergio Aguero drive just before halftime, and Mignolet stressed Klopp’s focus on improving his players’ mental strength as key to them being able to keep control in the second half.

“Just before half-time there was a bit of a setback, but we didn’t let it affect us and in the second half we were the better side again,” the Belgian said.

“The gaffer has worked really hard on that.”

Liverpool will hope to continue their renaissance under the German when they host Bordeaux in the Europa League on Thursday.

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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.”

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- 20,000 new jobs for Emiratis over three years

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