ABU DHABI // Paulo Bonamigo, the Al Jazira coach, will be without the influential Ricardo Oliveira in attack and Shin Hyung-min in defence against Al Shabab in the Pro League tonight.
But despite the absence of two key players, the Brazilian still expects his team to put up a solid show against his former club at the Mohammed bin Zayed stadium.
"We had six players on two yellow cards after three games and we expected this to happen sooner than later," Bonamigo said.
"It is not unusual to have some players absent either through suspensions or injuries when we are on seven or eight games in the league but in this case we have lost two important players for an important game.
The absence of Oliveira, the former AC Milan forward, is a massive setback and his place is likely to be filled by Ali Mabkhout, the Emirati international who scored the winner in the UAE's 2-1 win over Estonia last Wednesday.
The South Korean centre-back Shin leaves a huge hole in defence against a dangerous Shabab attack made up of the Brazilian trio Ciel, Luiz Henrique, and Edgar Bruno.
"It doesn't matter who is going to play instead of these two but given the opportunity they must play with conviction and a lot of motivation for the team," Bonamigo said.
Jazira are eight points behind Al Ain, the defending champions and league leaders, but the coach thinks there is plenty of time to make up ground because of the four extra matches added to the schedule when the league was expanded to 14 teams.
"It doesn't matter if we are five, six or seven points behind the top team in the table. However, at this stage we don't want to fall too far behind and that's why the three points against Shabab are very important," he said.
Bonamigo also said his time with Shabab before his move to Abu Dhabi does not give him any advantages.
"Having worked at Shabab for two-and-a-half years doesn't give me any inside knowledge of the team. Today the technology is very advanced that everyone knows how to deal with all the teams and players.
"We can only judge the teams and the players on their performances on the pitch. They are still a strong team although they haven't been able to achieve good results."
The Brazilian forward Fernandinho, Jazira's summer signing, has still not impressed but the coach feels he could play a big role in the absence of Oliveira.
"He has still not played as we expected but in the absence of Ricardo we hope he can come out of that with a really good performance, possibly a match winning one," he said. "What I can presume is the fans are going to witness a very good match with both teams looking to win."
Shabab are in a worse situation. They are struggling in the bottom half of the league and the pressure will be on Marcos Paqueta, their Brazilian coach, despite the patience shown by the club management.
apassela@thenational.ae
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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Guide to intelligent investing
Investing success often hinges on discipline and perspective. As markets fluctuate, remember these guiding principles:
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Company%20Profile
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How to avoid crypto fraud
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Game Changer
Director: Shankar
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