Mark Ronson at London's Lovebox Festival 2015 in  July 17. Simone Joyner / WireImage
Mark Ronson at London's Lovebox Festival 2015 in July 17. Simone Joyner / WireImage

Mark Ronson is back with a gig at the inaugural Green Grooves in Abu Dhabi



“Public transportation is one of the greatest things about modern civilisation,” begins Mark Ronson, justifying his claim, a few seconds earlier, that he takes the New York Subway “three or four times” a day.

“Why would you want to spend 45 minutes in a taxi going from Times Square to Long Island City, when you can jump on the E Train for two stops and be there in seven minutes?” adds the British super-producer, almost too naturally. “I’m not trying to sound like everyman, down-to-earth ...”.

Ronson’s insistent self-consciousness is understandable. The conventional media narrative paints this guy as the quintessential transatlantic tastemaker. A sharp-dressing polymath who, thanks to his socialite mother (Anne Dexter-Jones) and rock-star stepfather (Foreigner’s Mick Jones) grew up surrounded by their celebrity parties and pals (David Bowie, Al Pacino) – before making his own famous friends (and own celebrity) by helping to launch the careers of Amy Winehouse and Lily Allen. The rest is tabloid history.

So in conversation, Ronson inevitably finds himself spelling out just how very normal he is, or would like to appear. As normal as it's possible to be, anyway, after scoring the biggest song of the past 12 months with Uptown Funk, his infectious, record-breaking feel-good Bruno Mars collaboration.

“It’s not like I get chased down the street. In America, I’m like the guy who did the Bruno Mars song, not a giant pop star,” he presses. “I’m happy and comfortable with how I can live my life, and that’s something I feel really fortunate about.”

I’m talking to Ronson by phone ahead of his Abu Dhabi gig tonight at the inaugural Green Grooves Festival at the Abu Dhabi Golf Club. It’s fewer than six months since we met in person, hours before his last UAE gig, at Dubai’s DXBeach in April – which, coincidentally, also returns with its next edition tomorrow.

At that time “the Bruno Mars song” had just been knocked off the US Billboard No 1 after 14 weeks, and Ronson was riding high. Now, half a year and one billion YouTube streams later, he must be sick to the stomach at the sound of it, right?

“You know what? I don’t have to hear it that much,” he answers diplomatically. “The people I know who are really sick of the song are my friends who have to deal with their kids going crazy, screaming at the top of their lungs when it comes one. I don’t have kids yet, so I’m kind of off the hook there.”

Celebrating his 40th birthday last month, Ronson learnt the hard way about the record-buying public's short memory and fickle nature. While Winehouse's Back to Black (2006) and his own covers LP Version (2007) – which featured the late soulstress's "version" of Valerie – made him a superstar, intrigue dropped off sharply (and not-quite-fairly) following 2010s Record Collection.

That eclectic indie grab-bag was a clear rejection of Version's sound and success – no horns, no covers – Ronson says the follow up to his present album, the acclaimed Uptown Special will not be similarly reactionary.

"I think, if anything, this record reminded me of what I'm good at," he says. "With Version I was a little too thin-skinned, coming off the 'down with Mark Ronson and his merry band of trumpeters ruining other people's songs'. You're right, I did knee-jerk hard in the other direction. I couldn't tell you honestly what I'm doing on the next record, but I don't think it will be a polar reaction to this album."

Work for album number five is set to begin next year. In the meantime, after the Abu Dhabi set – "probably the last DJ gig I'll do on this album" – Ronson has production work lined up. Having worked on star-studded records by everyone from Adele to Q-Tip and Duran Duran to Paul McCartney, Ronson knows to be discreet with the names. But the biggest surprise is a heavy hint that he won't be returning the favour by contributing to Mars's long-­anticipated follow-up to 2012's Unorthodox Jukebox (which he worked on three tunes from).

“I’m not sure,” says Ronson. “Bruno’s such a talented producer and arranger in his own right. People don’t quite give him the credit he’s due. It’s a good thing for him to maybe produce his own record and show everybody that he’s not just singer, performer, entertainer, but much more than that.”

Our time is nearly up. The last question: does Ronson charge when DJing at the celebrity weddings he’s known for, such as Paul McCartney and Tom Cruise?

“I don’t charge for my friends’ weddings,” he says, before adding “but yeah, if it’s someone like Tom Cruise, of course,” he answers – you can almost hear his grin down the line.

rgarratt@thenational.ae

WHAT MACRO FACTORS ARE IMPACTING META TECH MARKETS?

• Looming global slowdown and recession in key economies

• Russia-Ukraine war

• Interest rate hikes and the rising cost of debt servicing

• Oil price volatility

• Persisting inflationary pressures

• Exchange rate fluctuations

• Shortage of labour/skills

• A resurgence of Covid?

What is a robo-adviser?

Robo-advisers use an online sign-up process to gauge an investor’s risk tolerance by feeding information such as their age, income, saving goals and investment history into an algorithm, which then assigns them an investment portfolio, ranging from more conservative to higher risk ones.

These portfolios are made up of exchange traded funds (ETFs) with exposure to indices such as US and global equities, fixed-income products like bonds, though exposure to real estate, commodity ETFs or gold is also possible.

Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can buy ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being user friendly.

Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.

Tonight's Chat on The National

Tonight's Chat is a series of online conversations on The National. The series features a diverse range of celebrities, politicians and business leaders from around the Arab world.

Tonight’s Chat host Ricardo Karam is a renowned author and broadcaster who has previously interviewed Bill Gates, Carlos Ghosn, Andre Agassi and the late Zaha Hadid, among others.

Intellectually curious and thought-provoking, Tonight’s Chat moves the conversation forward.

Facebook | Our website | Instagram

 

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.”

Rocketman

Director: Dexter Fletcher

Starring: Taron Egerton, Richard Madden, Jamie Bell

Rating: 3 out of 5 stars 

The Super Mario Bros Movie

Directors: Aaron Horvath and Michael Jelenic
Stars: Chris Pratt, Anya Taylor-Joy, Charlie Day, Jack Black, Seth Rogen and Keegan-Michael Key
Rating: 1/5

UAE Premiership

Results
Dubai Exiles 24-28 Jebel Ali Dragons
Abu Dhabi Harlequins 43-27 Dubai Hurricanes

Fixture
Friday, March 29, Abu Dhabi Harlequins v Jebel Ali Dragons, The Sevens, Dubai

The biog

Fatima Al Darmaki is an Emirati widow with three children

She has received 46 certificates of appreciation and excellence throughout her career

She won the 'ideal mother' category at the Minister of Interior Awards for Excellence

Her favourite food is Harees, a slow-cooked porridge-like dish made from boiled wheat berries mixed with chicken

Company Profile

Company name: Hoopla
Date started: March 2023
Founder: Jacqueline Perrottet
Based: Dubai
Number of staff: 10
Investment stage: Pre-seed
Investment required: $500,000