Like Tendulkar, Sri Lanka's Murali wants World Cup win as last hurrah



COLOMBO // After helping launch Sri Lanka into the cricket elite with a surprising run at the 1996 World Cup, Muttiah Muralitharan wants to culminate his career by reclaiming the title.

The 38-year-old spinner, already the most prolific wicket-taker in Test and limited-overs international cricket, plans to retire after the World Cup, which is being co-hosted by Sri Lanka, Bangladesh and India and being staged in Asia for the first time since Sri Lanka's upset victory 15 years ago.

"The day we won the cup in 1996 was the happiest day - it is because of that our cricket has come this far," said Muralitharan, the only member from the '96 Sri Lanka squad who has been included for the 2011 tournament. "But, it's been 15 years since 1996 and we can't dwell in the past.

"The teams are different. You can never compare generations."

Even so, he does see a sequence emerging and hopes the progression continues.

"In 2003 we entered semis and in 2007 we entered finals. We had good teams but we could not win the cup," he said. "But this team I think we have a chance."

Muralitharan could end up being the leading wicket-taker in World Cups, too. Going into his fifth tournament, he already has 53 wickets in 31 World Cup matches - which puts him third on the list - and needs 19 to surpass Australia's Glenn McGrath in No 1 spot.

With Muralitharan still capable of extracting incredible spin, and with a strong batting line-up to back him, it's little wonder most locals consider this Sri Lanka's best chance to win the World Cup for the second time.

"I think every World Cup is a great opportunity to win it no matter where you play," captain Kumar Sangakkara said. "This one playing in our neck of the woods probably gives us a slighter edge than the other teams."

There are high expectations and the hype is unprecedented on this cricket-loving island. There are advertising billboards wishing the team luck and a huge cricket ball is being taken around the country for the people to imprint their palms to show solidarity with the players.

Sri Lanka's journey to the 1996 World Cup came with its highs and lows. The Sri Lankans had just ended an acrimonious tour to Australia during which a then emerging Muralitharan had been no-balled for throwing. Sri Lankans felt the Australian umpires were biased.

Then, only weeks before the World Cup was due to begin, separatist Tamil Tiger rebels drove a truck of explosives into the country's Central Bank killing and wounding hundreds of people. The blast prompted Australia and West Indies to forfeit their scheduled World Cup matches in Sri Lanka citing security concerns.

Even an exhibition match between Sri Lanka and a team combining Indian and Pakistani players, led by former India captain Mohammad Azharuddin, failed to convince Australia and West Indies it was safe to play in Colombo. The hosts picked up easy points from the forfeits and entered the quarter-finals unbeaten.

Having beaten England convincingly in the quarter-final, Sri Lanka entered the semi-finals as underdogs to India. This match, too, was awarded to Sri Lanka after Indian supporters threw bottles onto the oval and started a fire in the stands during the match.

Aravinda de Silva stole the show in the final with a memorable 107 not out, three wickets and two catches. Captain Arjuna Ranatunga scored the winning runs.

The tournament is also remembered for the pinch hitting by Sri Lanka's Sanath Jayasuriya and Romesh Kaluwitharana which capitalised on the early field restrictions.

Sri Lanka were eliminated in the first round in the subsequent tournament in England in 1999, entered the semi-final and lost to Australia in 2003 and four years later entered the final and lost also to Australia. The 2007 World Cup final, though, is remembered more by Sri Lankans because it coincided with an air raid by the Tamil Tigers' in the capital as residents were glued to their television sets.

Sangakkara's team for this year's event is a mix of youth and experience and the selection was not without controversy with two stalwarts from the 1996 team, Jayasuriya and Chaminda Vaas, the fast bowler, being omitted.

Jayasuriya's former teammate and chief selector Aravinda de Silva said omitting the 444-match veteran was a difficult decision.

Sangakkara's squad includes seven specialist batsmen with the likes of former captain Mahela Jayawardene, Tillakaratne Dilshan and Thilan Samaraweera.

Muralitharan leads the spin bowlers, supported by Ajantha Mendis and Rangana Herath, who will be playing his first World Cup despite representing Sri Lanka for 12 years.

Lasith Malinga, Nuwan Kulasekara and Dilhara Fernando are specialist seamers supported by all-rounders Anjelo Mathews and Thisara Perera.

Sri Lanka's senior batsmen, Sangakkara, Jayawardene and Dilshan have combined for more than 800 one-day international caps. Among the bowlers, Muralitharan alone has more than 340 caps with Fernando having played 140 ODIs.

The one concern for the hosts is that they barely know their own pitches.

Two World Cup venues at Pallekelle in central Sri Lanka and Suriyawewa in the south are new grounds, while the pitch at R Premadasa Stadium in Colombo has been relaid. With construction well behind schedule, there has been little chance to play on these pitches.

A three-match limited-overs series between Sri Lanka and West Indies had to be shifted elsewhere because the work was not completed on time.

"There is no point in us being concerned about that because our mental approach has to be, regardless of getting an experience on the wickets, there is a World Cup to be played and played well," Sangakkara said.

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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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335 million people positively impacted by projects

430,000 jobs created

10 million people given access to clean and affordable drinking water

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