Russian designer Katya Kovtunovich uses sadu fabric to create dresses, tunics and coats (pictured). Courtesy Dialight Studio
Russian designer Katya Kovtunovich uses sadu fabric to create dresses, tunics and coats (pictured). Courtesy Dialight Studio

Majlis fabric magic: Katya Kovtunovich’s ambitions for her sadu creations



Russian fashion designer Katya Kovtunovich is a star on the rise, whose ­designs are attracting ­attention from the region's ­movers and shakers and beyond.

“There are so many ladies that I really admire and represent the UAE, including Reem Al Hashemi [a UAE Minister of State] and Mona Al Marri [director general of the Government of Dubai Media Office],” she says.

“I felt incredibly proud when Ohood Khalfan Al Roumi, the UAE’s Minister of State for Happiness, approached me last year wanting a piece to wear for her meetings abroad. This is my dream come true – my vision.”

Dubai-based Kovtunovich’s trademark designs are ­instantly recognisable for their sadu – the traditional Bedouin fabric ­c­ommonly associated with ­majlis furnishings – trims and ­detailing. She discovered the geometric weave while exploring the textile shops in Satwa and it has been at the heart of her self-titled label since its launch in 2012.

Born on the Russian island of Sakhalin, Kovtunovich worked as a fashion journalist for titles including Vogue before founding her company.

Alongside her main line of sadu tunics and dresses, she designs beachwear, evening wear and seasonal capsule ­collections.

“The opportunities I’ve had here are unlike anywhere else in the world,” she says. “No other place supports start-ups in this way – that’s why I’ll be forever grateful to the UAE and act as an ambassador. I’ve been shown nothing but incredible respect, kindness and support at every step, which has been so ­empowering.”

The profile of Kovtunovich’s label has risen internationally in the past couple of years. Her pieces are not only on sale in select regional boutiques, but they can also now be found in the ­global playgrounds of the rich and famous, from Ibiza and the Caribbean island of St Barts to Monaco. Her creations have been worn by a ­diverse list of high-­profile clients, including Princess Charlene of Monaco, Lady Gaga and MBC TV presenter ­Joelle Mardinian. Most recently, ­Lindsay Lohan donned her latest range of baby-doll beach attire while holidaying in the South of France.

“I was meeting with one of my good clients there, who wanted to buy some dresses for herself, and one for Lindsay,” says ­Kovtunovich. “From what I saw in the photos, Lindsay wore ­nearly all of the dresses during her trip, which was great. It’s wonderful when any ­woman enjoys wearing my clothes – and with celebrities it’s important, because you know they have unlimited pieces to choose from.”

Another keen supporter of Kovtunovich’s brand is Veronica Berti, the wife of singer Andrea Bocelli. Berti and her daughter, Virginia, have been seen wearing the designer’s dresses since receiving them in April, when Bocelli performed in Abu ­Dhabi. Kovtunovich even went on a dune safari with the Italian ­family ­during their visit.

“They asked me to show them the desert,” she says. “So I ­introduced them to some of my ­Emirati friends in Abu Dhabi. We all ended up spending four hours in our desert camp, just talking, eating dates and ­drinking coffee.

“Andrea and his team kept messaging me afterwards saying they had one of the best evenings of their lives.

“Andrea loved the silence of the desert, and on the way back he asked to stop the cars and switch off the engines. We were all there in complete silence and ­darkness – it was beautiful.”

As a passionate proponent of using traditional fabrics to clothe confident women at home and abroad, Kovtunovich was ­invited to Milan last year to be part of ­Dubai’s Expo 2020 ­pavilion. It was acknowledgement of her ­cultural-commercial endeavours – and a far cry from the early days when her bold designs raised ­regional eyebrows.

“At the beginning, people were very cautious and their first reaction was to laugh,” she says. “My Instagram also had comments in Arabic from people saying: ‘Now I know what to do with our tent at the end of the season’.

“It made me laugh too – but I knew that what I was ­introducing was something very different and it would take time to be ­appreciated.

“Today, my favourite hashtag is #SadouGoesGlobal and I want my designs with sadu to become something of a Dubai and UAE trademark – a souvenir that ­visitors can take back to their countries and wear with pride.

“Sadu is my personal passion – it’s my soul – it’s something I ­r­eally believe in.”

rduane@thenational.ae

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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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Super Bowl LIII schedule

What Super Bowl LIII

Who is playing New England Patriots v Los Angeles Rams

Where Mercedes-Benz Stadium in Atlanta, United States

When Sunday (start time is 3.30am on Monday UAE time)