No room for error: Metsu



ABU DHABI // The UAE coach Bruno Metsu has warned his players not to get sucked into North Korea's defensive trap when they meet tomorrow night in their opening World Cup qualifier at the Mohammed bin Zayed Stadium in Abu Dhabi. "We saw them play a few games on DVD and they all looked similar," said Metsu. "They play a defensive strategy with one striker and nine players at the back. They will frustrate the opponents and go for the kill if you commit any mistakes.

"They have been quite successful with that ploy and I don't see why they will change. After all, they will be only too happy to go away with one point." North Korea qualified for the final round behind South Korea, winning three matches and drawing the other three including a couple of scoreless results against their neighbours. They scored just four goals in the six matches and did not concede any in a group that also included Jordan and Turkmenistan.

They played out an unimpressive goalless draw in a friendly against Uzbekistan last week but went down 2-1 to Qatar in a friendly the week before. But although Metsu said he is not prepared to take anything for granted when the teams kick off at 10.30pm. He said: "Obviously we want to play for three points but we are not going to leave any room at the back for mistakes. "We have prepared well and the players are confident. We took a lot of positives from the friendly with Bahrain and that 3-2 defeat doesn't undermine the true ability of my players.

"Bahrain, we must remember, are also in the race for a place in the World Cup finals and we learn from every game - and results like that help us to repair our mistakes." The UAE are in Group 2 alongside North Korea, South Korea, Iran and Saudi Arabia, whom they face in their second match on Sept 10 in Abu Dhabi. Metsu said: "We are fortunate to play the first two games at home but it is more important to make full use of that opportunity to earn full points. ."

Metsu will miss the services of first-choice goalkeeper Majid Nasser, who serves a one-match ban. Ismail Rabea will take his place with Rashid Abdulrahman and Basheer Saeed marshalling the defence, and Haider Ali and Saleh Obaid on the wings. Jumaa will play the pivotal midfield role alongside Helal Saeed, Subait Khater and Mohammed Ibrahim or Ismail al Hammadi. Ismail Matar will spearhead the attack with Mohammed al Shehhi.

apassela@thenational.ae

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Match info

Premier League

Manchester United 2 (Martial 30', Lingard 69')
Arsenal 2 (Mustafi 26', Rojo 68' OG)

World Cup warm-up fixtures

Friday, May 24:

  • Pakistan v Afghanistan (Bristol)
  • Sri Lanka v South Africa (Cardiff)

Saturday, May 25

  • England v Australia (Southampton)
  • India v New Zealand (The Oval, London)

Sunday, May 26

  • South Africa v West Indies (Bristol)
  • Pakistan v Bangladesh (Cardiff)

Monday, May 27

  • Australia v Sri Lanka (Southampton)
  • England v Afghanistan (The Oval, London)

Tuesday, May 28

  • West Indies v New Zealand (Bristol)
  • Bangladesh v India (Cardiff)
25-MAN SQUAD

Goalkeepers: Francis Uzoho, Ikechukwu Ezenwa, Daniel Akpeyi
Defenders: Olaoluwa Aina, Abdullahi Shehu, Chidozie Awaziem, William Ekong, Leon Balogun, Kenneth Omeruo, Jamilu Collins, Semi Ajayi 
Midfielders: John Obi Mikel, Wilfred Ndidi, Oghenekaro Etebo, John Ogu
Forwards: Ahmed Musa, Victor Osimhen, Moses Simon, Henry Onyekuru, Odion Ighalo, Alexander Iwobi, Samuel Kalu, Paul Onuachu, Kelechi Iheanacho, Samuel Chukwueze 

On Standby: Theophilus Afelokhai, Bryan Idowu, Ikouwem Utin, Mikel Agu, Junior Ajayi, Valentine Ozornwafor

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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