Benedict Cumberbatch at a fan event ahead of the release of Marvel film 'Doctor Strange in the Multiverse of Madness' in London on Tuesday. Reuters
Benedict Cumberbatch at a fan event ahead of the release of Marvel film 'Doctor Strange in the Multiverse of Madness' in London on Tuesday. Reuters
Benedict Cumberbatch at a fan event ahead of the release of Marvel film 'Doctor Strange in the Multiverse of Madness' in London on Tuesday. Reuters
Benedict Cumberbatch at a fan event ahead of the release of Marvel film 'Doctor Strange in the Multiverse of Madness' in London on Tuesday. Reuters

Benedict Cumberbatch says Ukrainian family will stay in his UK home


Evelyn Lau
  • English
  • Arabic

Benedict Cumberbatch says he’s in the process of welcoming a Ukrainian family into his home in the UK.

The actor, who wore the Ukrainian flag colours while promoting his latest film Dr Strange in the Multiverse of Madness in London, said the family fled Ukraine amid the ongoing Russian invasion.

“They’ve made it out of Ukraine; I’m monitoring their progress every day,” Cumberbatch told Sky News. “Sadly, they are undergoing some medical treatment. To say anything more about that would be invasion of their privacy, and too much about when they’re coming and how that’s being managed would invade mine. I want to give them some stability after the turmoil that they’ve experienced, and that’s within my home.”

Benedict Cumberbatch with cosplayers while promoting his new film, Marvel Studios' 'Doctor Strange in the Multiverse of Madness', in Trafalgar Square, London. Getty Images
Benedict Cumberbatch with cosplayers while promoting his new film, Marvel Studios' 'Doctor Strange in the Multiverse of Madness', in Trafalgar Square, London. Getty Images

He also revealed that he plans to help out other refugees by covering the cost of their housing in the UK.

"I've been trying to help other Ukrainian families — nationals that are UK citizens — to house their extended families en masse, which you know they want to do, but it's very costly," he said. "So, I've been trying to help out with that financially in a couple of instances."

Cumberbatch also praised the practical help being offered by people in the UK, but said there is still more to be done.

"I'm working through a wonderful charity called Refugees at Home, which is a great gateway to the government scheme, but also to offering further wider support that's needed for the psychological trauma that these people are suffering from," he said.

"However gentle and generous and welcoming we are as hosts, we don't have the skills of the mental health professions to necessarily deal with those things.

"I would urge people to seek out further help to bolster their efforts, and people are doing an amazing amount — it makes me very proud, very, very proud of our country and very proud of what we can be at our best as a human race."

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%3Cul%3E%0A%3Cli%3ECystic%20fibrosis%20is%20a%20genetic%20disorder%20that%20affects%20the%20lungs%2C%20pancreas%20and%20other%20organs.%3C%2Fli%3E%0A%3Cli%3EIt%20causes%20the%20production%20of%20thick%2C%20sticky%20mucus%20that%20can%20clog%20the%20airways%20and%20lead%20to%20severe%20respiratory%20and%20digestive%20problems.%3C%2Fli%3E%0A%3Cli%3EPatients%20with%20the%20condition%20are%20prone%20to%20lung%20infections%20and%20often%20suffer%20from%20chronic%20coughing%2C%20wheezing%20and%20shortness%20of%20breath.%3C%2Fli%3E%0A%3Cli%3ELife%20expectancy%20for%20sufferers%20of%20cystic%20fibrosis%20is%20now%20around%2050%20years.%3C%2Fli%3E%0A%3C%2Ful%3E%0A

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.”

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

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Nayanthara: Beyond The Fairy Tale

Starring: Nayanthara, Vignesh Shivan, Radhika Sarathkumar, Nagarjuna Akkineni

Director: Amith Krishnan

Rating: 3.5/5

Updated: April 29, 2022, 11:14 AM