As the tributes pour in for John le Carre, who has died aged 89, fans have been taking to social media to share their favourite novels by the British author.
Called a "literary giant" by horror author Stephen King, le Carre was a master of the spy genre, with The New York Times dubbing him "the pre-eminent spy writer of the 20th century".
Having worked during the 1950s and 1960s for British security service MI5, as well as secret intelligence service MI6, le Carre (born David Cornwell) was perfectly positioned to turn his hand to espionage novels, producing more than 20 during his lifetime.
It was his third novel, 1963's The Spy Who Came in from the Cold, which won him global acclaim, with Our Man in Havana author Graham Greene calling it "the best spy story I ever read".
Having created many enduring and memorable characters, it is intelligence officer George Smiley, played by British actor Gary Oldman on the big screen, who stands out.
Short, bespectacled and overweight, le Carre said he created Smiley as an antidote to Ian Fleming’s super-suave James Bond, who le Carre felt didn’t accurately depict spies or the espionage life. And, ultimately, it is Smiley’s ability to blend into the wallpaper that turns him into one of Britain’s most powerful spies.
Here, we choose five of le Carre’s novels that showcase a master of his tradecraft …
1. ‘The Spy Who came in from the Cold’
Published in 1963, this is the novel that cemented le Carre in the public consciousness. Set in Berlin during the heightened tensions of the late 1950s and early 1960s, station head Alec Leamas is called back to London from West Berlin after his last and best double agent is killed while trying to defect from East Germany.
With no more operatives to call on, Leamas himself is asked to stay “in the cold” for a final mission: to defect to East Germany and unmask Hans-Dieter Mundt, the head of the powerful Abteilung organisation, as a British double agent.
2. ‘Tinker Tailor Soldier Spy’
Le Carre’s 1974 novel came in the wake of British “Cambridge Five” member Kim Philby’s 1963 defection to the Soviet Union, following his unmasking as a double agent. Handling complex social commentary, it remains a staple of the spy fiction genre.
Set in 1973, as Cold War tensions are rapidly escalating, George Smiley is unhappy in his forced retirement, following the failed Operation Testify in Czechoslovakia, which led to the capture and torture of a British agent.
Approached by his former protege Peter Guillam, Smiley is tasked with weeding out a mole who has infiltrated the very highest levels of the Circus – the code name for the British Secret Intelligence Service, whose London office is at Cambridge Circus.
3. ‘The Honourable Schoolboy’
The winner of the 1977 Gold Dagger award for crime novel of the year, as well as the James Tait Black Memorial Prize, The Honourable Schoolboy follows Smiley's mission to prevent the intelligence service being dismantled by the British government.
With almost irreparable damage done to the department by double agent Bill Haydon, and seeking ways to target Moscow spymaster Karla, Smiley and analysts Connie Sachs and Doc di Salis follow the money to a cash-laundering operation in Laos, which could be a Moscow intelligence operation.
4. ‘The Little Drummer Girl’
A favourite of horror author Stephen King, this spy novel was published in 1983 and follows Charlie, a left-wing British actress, who is recruited by spy Martin Kurtz to help him track down a terrorist, Khalil. Charlie’s case officer, Joseph, impersonates Khalil’s younger brother, Salim, and travels through Europe with Charlie in a bid to flush Khalil out.
5. ‘A Perfect Spy’
Called "the best English novel since the war" by American writer Philip Roth, A Perfect Spy is the study of British intelligence officer Magnus Pym's mental and moral dissolution.
Disappearing after his father’s funeral, as the intelligence service desperately tries to recover him, it becomes clear that Pym has been working as a double agent for the Czechoslovak secret service. With a non-linear narrative that moves back and forth between the hunt for Pym, and Pym’s own recollections in the “game”, le Carre begins to unpick who Pym actually is, and who he hasn’t been all along.
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Read more:
Spy author John le Carre dies at home, aged 89
John le Carre: Gary Oldman, Stephen King and more share tributes for 'literary giant'
Review: 'To the Lions' is a thriller that explores the potential pitfalls of journalistic thinking
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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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She appeared with Keir Starmer on Thursday and the pair embraced, but he had failed to give her his backing as she cried a day earlier.
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