The conductor Gustavo Dudamel in action. Mathew Imaging
The conductor Gustavo Dudamel in action. Mathew Imaging
The conductor Gustavo Dudamel in action. Mathew Imaging
The conductor Gustavo Dudamel in action. Mathew Imaging

Simón Bolívar Orchestra conductor Gustavo Dudamel is carrying the baton for musical greatness


Saeed Saeed
  • English
  • Arabic

Critics and audiences the world over have lined up to heap praise on the conductor Gustavo Dudamel. On Monday, Abu Dhabi audiences will finally get to hear what all the fuss is about. Following sell-out successes across the world, the 32-year-old Venezuelan will be conducting the equally feted Simón Bolívar Symphony Orchestra at Emirates Palace, in a programme including the overtures to Tchaikovsky’s The Tempest and Romeo and Juliet and Beethoven’s Fifth Symphony.

Your style of conducting with the Simón Bolívar Symphony Orchestra has been praised for being more accessible. Do you agree with such assessments?

I don’t think my way of conducting is anything special, but it is my connection with the players in my orchestra that is so important and makes us so unique. We’re a family. I spend more than 20 weeks per year in Venezuela still working with my orchestra and have plans to increase this in the coming seasons. I believe deeply in our social project and it still forms the centrepiece of my work. What I want to transmit with this performance is that our form of music-making should not have barriers to access and that it should be available to everyone. I hope it works.

What can Abu Dhabi audiences expect from the Emirates Palace performance?

We’re bringing some of our favourite repertoire to the UAE. Tchaikovsky is something that the young people in the programme in Venezuela learn almost from the very first moment. You’ll be amazed to hear a Tchaikovsky Pathétique symphony played by 6-year-olds, but it happens in Venezuela. It’s in our blood and although there is a view that only the Europeans can produce and enjoy [classical music], we believe it is for all of humanity to have this right.

Do you think your success breaks the stereotype of conductors being all rather older and in their mid-50s?

There are so many wonderful young conductors in the world today that I do not think it is my position to say this, but yes, there does seem to be a generational shift and luckily this happens all of the time, otherwise, we would not regularly have any new inspiration in the world.

What would you advise a young aspiring musician from the UAE to focus on: their passion for the instrument, their love to lead a creative orchestra or their desire to compose original music?

In Venezuela we encourage what is right for the individual, but even more so what is right for the group. So having an instrument is certainly a basis for becoming a successful conductor or composer, but it is by no means essential. First, it is important to learn to work together. An orchestra is such an amazing organism. The children playing in the orchestra learn to communicate, they learn discipline, they learn to work with each other in harmony, all while producing something incredibly beautiful.

In your experience and discussions with fellow artists, where does Abu Dhabi figure in the classical musical map?

What I find so exciting about Abu Dhabi is that it’s a place where many people would not normally think a strong European classical music movement would have a chance. Surprisingly, many people also think that about South America and about Venezuela in particular. I’m out to change that perception in the world. So I am positive this is going to be an exciting match for this performance.

Gustavo Dudamel and the Simón Bolívar Symphony Orchestra perform at Emirates Palace on Monday. Tickets are now sold out. For more from the interview with Dudamel, go to the Arts&Life blog Scene&Heard. Visit www.gustavodudamel.com and www.simon­bolivarorchestra.com for more information

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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Under the UK government’s proposals, migrants will have to spend 10 years in the UK before being able to apply for citizenship.

Skilled worker visas will require a university degree, and there will be tighter restrictions on recruitment for jobs with skills shortages.

But what are described as "high-contributing" individuals such as doctors and nurses could be fast-tracked through the system.

Language requirements will be increased for all immigration routes to ensure a higher level of English.

Rules will also be laid out for adult dependants, meaning they will have to demonstrate a basic understanding of the language.

The plans also call for stricter tests for colleges and universities offering places to foreign students and a reduction in the time graduates can remain in the UK after their studies from two years to 18 months.

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The worker must also have an attested educational certificate higher than secondary or an equivalent certification, and earn a monthly salary of at least Dh4,000. 

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By committing to at least one of these daily, you can bring more gratitude into your life, says Ong.

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