The Dubai-based British figurative artist Edward Sutcliffe with his painting of Glenda Jackson in his home studio in JLT. Sarah Dea /The National
The Dubai-based British figurative artist Edward Sutcliffe with his painting of Glenda Jackson in his home studio in JLT. Sarah Dea /The National

Portrait artist Edward Sutcliffe wins the BP Travel Award by London’s National Portrait Gallery



You have to get really close to Edward Sutcliffe’s paintings to detect the brushstrokes. At first glance, they are so realistically rendered that they look like photographs showing every line and crease of the subject’s face.

It’s an extraordinary talent that has earned Sutcliffe many awards. Two weeks ago, the British artist, who moved to Dubai last year, returned from London, where he is participating for an impressive seventh time in the exhibition that is part of the BP National Portrait Award.

Dubbed by the British press as the Oscars of portraiture, the award is certainly one of the most important portrait prizes in the world and Sutcliffe’s continued selection places him among the top in his field.

But this year, he was also given the BP Travel Award, an annual award to allow artists to experience working in a different environment on a project related to portraiture.

He has been awarded a grant of £6,000 (Dh37,750) to travel to Compton, Los Angeles, to spend time with a group of people whose lives have been changed by the Compton Cricket Club. He will leave Dubai later this month and spend four weeks with the club, an initiative started 20 years ago to encourage and empower the disaffected youth of a neighbourhood rife with lawlessness.

During that time, Sutcliffe will sketch, take photographs and document the players. Upon returning to Dubai, he will work on a selection of figurative portraits to be exhibited in the National Portrait Gallery in London next year.

“It is a fantastic opportunity and I’m delighted,” says Sutcliffe. “The Compton Cricket Club is an amazing story, rich in character and powerful in emotion that I am inspired to paint.”

Sutcliffe says that he has been studying baroque painting, which is a lot more dramatic than his normal style, and wants to take inspiration from that while painting the poses of cricket players.

“One of the things I am trying to do is get more movement in my paintings, so that is the avenue I will be going down. I am going to put everything I have into this project.”

Sutcliffe, who has exhibited all over the world, had his first solo show in Dubai in February at Dubai Community Theatre & Arts Centre (Ductac) where he showed his portraits of the Oscar-winning actress Glenda Jackson, Sir Paul Stephenson, the former commissioner of the Metropolitan Police, and the British Labour Party politician Neil Kinnock.

He also unveiled his latest work, Copycat, which is currently on show in London for the National Portrait Award.

Copycat is a two-part painting of an infamous fraudster named John Myatt who went to prison for forging 200 paintings. Sutcliffe painted a portrait of him and then inverted and distorted the image and sent a smaller version of it to a Chinese forger in the city of Dafen, where they specialise in reproducing European paintings.

“With the John Myatt painting, I was interested in making a forgery of a forger and the idea of mimicry,” says Sutcliffe. “It is the most ambitious and complicated painting I have done so far. My opinion is that if you want to be good, you can’t just rely on the talent of rendering. It has to be about the world we live in, it has to have ideas pulsing through it and that is what my work is about.”

• The BP National Portrait Award at The ­National Portrait Gallery in London runs ­until September 21. Edward Sutcliffe’s paintings for the Travel Award will be shown next June as part of the 2015 edition

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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.

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“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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When: July 1
Where: Gelsenkirchen Stadium, Gelsenkirchen, Germany

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England 0 Portugal 0
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In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458. 

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Members of Syria's Alawite minority community face threat in their heartland after one of the deadliest days in country’s recent history. Read more

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Ministry of Interior
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General Intelligence Directorate
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