If Manchester City look to replace Manuel Pellegrini, behind, Pep Guardiola, front, could be a strong choice to replace the manager. Laurence Griffiths / Getty Images
If Manchester City look to replace Manuel Pellegrini, behind, Pep Guardiola, front, could be a strong choice to replace the manager. Laurence Griffiths / Getty Images

Manchester City and Premier League look likely for Pep Guardiola when he makes his move



When Pep Guardiola announced that, after four years and 14 trophies, he would be leaving Barcelona as coach at the end of the 2012/13 season, many people in England assumed that the Premier League would be his next destination.

The former Spain international spent his sabbatical year learning the language in New York, while there was also a perception that the English top flight was simply the next logical step for a man who had established himself as one of the world’s best coaches.

Instead, he chose Bayern Munich. A deal was announced in January 2013, with the club going on to win back-to-back Bundesliga crowns under his guidance. A third in succession already is looking likely; Bayern have a five-point lead at the top of the table after an unbeaten start to the season that has included 11 victories from 12 matches played.

Guardiola’s contract at the Allianz Arena expires in June and, while recent reports allege that he has been offered a lucrative contract extension, there remains a very real possibility that he will leave German football.

According to Bayern chief executive Karl-Heinz Rummenigge, a decision will be made during the winter break, with the manager’s agent acknowledging this week that “not even I know what Pep is up to … he is very peculiar when it comes to these things”.

Although the same supposition proved to be inaccurate three years ago, it has been widely posited, again, that Guardiola’s next job will be in the Premier League.

If that proves to be the case, Manchester City seems like the obvious choice.

Txiki Begiristain, the club’s director of football, worked with Guardiola at Barcelona, while City have invested heavily in youth development and gained a reputation for attractive, attack-minded football.

Manuel Pellegrini, City’s manager at the moment, would also be relatively easy for the club’s hierarchy to dismiss, even if he wins a second league title this term.

Across town, many Manchester United fans would love Guardiola as their next manager.

The history of the 20-time English champions would be attractive to the Catalan, though it is unclear whether the Glazer family would be willing to get rid of Louis van Gaal a year early if Guardiola became available in the summer.

Chelsea may be in need of a new coach, given their recent struggles under Jose Mourinho, but it is difficult to see Guardiola taking over a team moulded by his arch enemy and ideological opposite.

Although Arsenal looks a more natural fit, the north Londoners will not be on the lookout for another manager until Arsene Wenger decides that he is ready to call it a day.

Elsewhere, Ligue 1 champions Paris Saint-Germain may be appealing, though Guardiola is likely to be interested in a more challenging domestic environment after strolling to the Bundesliga title with relative ease in his time with Bayern.

In Italy, AC Milan and Inter Milan still look a considerable distance away from challenging the European elite.

The clubs with 10 Uefa Champions League trophies between them not only failed to qualify for that competition, they were unable to finish high enough in Seria A to make the Europa League. Current champions Juventus probably lack the spending power that he has been able to call upon at Barcelona and Munich.

Guardiola may yet opt to remain with Bayern for a further year, or take another 12 months off to recharge his batteries.

The former midfielder is known to be an intense operator, someone who is obsessive in his pursuit of perfection.

It is why he insisted on rolling, one-year contracts at Barcelona and the reason he said recently that he could never remain in one place for as long as Wenger has at Arsenal.

When Guardiola decides the time is right to open another period of employment, it seems certain several clubs will be interested in his signature.

At this stage, given the number of options, you would think the Premier League looks the most likely destination this time around.

As the competition for silverware gathers pace in the new year, the race for Guardiola could be just as intriguing to follow.

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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.

'My Son'

Director: Christian Carion

Starring: James McAvoy, Claire Foy, Tom Cullen, Gary Lewis

Rating: 2/5

Joker: Folie a Deux

Starring: Joaquin Phoenix, Lady Gaga, Brendan Gleeson

Director: Todd Phillips 

Rating: 2/5

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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Recharge as needed, says Mat Dryden: “We try to make it a rule that every two to three months, even if it’s for four days, we get away, get some time together, recharge, refresh.” The couple take an hour a day to check into their businesses and that’s it.

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How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.


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