An orchestra is said to be similar to a large unruly family. Imagine leading one comprising 28 nationalities aiming to represent one continent.
It was a challenge Marshall Marcus undertook when appointed as the chief executive and creative director of the European Union Youth orchestra in January last year.
Marcus describes his role as akin to a diplomat. “It is a tremendous yet enjoyable challenge,” he says. “My job is to keep the relationships going with the European Union, which is based in Brussels, and all the countries who are all involved with the orchestra.”
Founded in 1976, the London-based orchestra was forged with a mission to represent the European ideal of countries working together as one body.
Additionally, the ensemble is a high-profile vehicle for countries to showcase and develop their classical music talent and traditions.
It is the balance of these two aspects that gives the orchestra a special lustre, Marcus states.
“At the end of the Second World War when the European Union began, the idea was for different European countries to say: ‘Why don’t we join together rather than make war with each other?’” he says.
“So the idea for this orchestra is for people to come together from different places and be together, which is really a metaphor for what an orchestra is anyway.”
The European Union Youth Orchestra’s next destination will be its Middle Eastern debut as part of the Abu Dhabi Festival. The Emirates Palace performance will be conducted by the acclaimed Russian conductor Vladimir Ashkenazy.
As “cultural ambassadors for Europe”, Marcus says the group’s Abu Dhabi performance is an important hallmark in its history.
“For one thing, we are working with the [festival organisers] Abu Dhabi Music and Arts Foundation, which has a similar feeling about the importance of the arts culturally and socially,” he says.
“It is also a chance to open up a new set of relationships with the UAE.”
While the orchestra is obliged to have a member from each of the 28 countries representing the European Union, Marcus says the bar remains high for those wishing to join the ensemble.
In a process Marcus describes as “similar to the Olympics”, applicants between the ages of 14 and 24 are invited annually to undergo both local and regional auditions, before committing to a year of international performances.
With players flying in from respective nations to either rehearse or perform, Marcus says concert dates are picked carefully to ensure the best possible performance.
“That is the challenge really, in that when we come together we really have to make it work.
“Also, we never like to do really big performances, like the one coming up in Abu Dhabi, before doing a residency to give us a chance to gel. So before we arrive in the UAE we will do a bunch of performances in Thessaloniki in Greece.”
Despite French being the dominant language in European diplomacy, the orchestra conducts its rehearsals and performances in English. Marcus says the language has now become the lingua franca of the classical music community.
“It is the language that many musicians now want to learn. They know there is universal usage and if they want to travel around the world then this is the language they would need.”
That said, with such an international ensemble, some meanings have been lost in translation.
“I remembered we had a Romanian player who read the programme where it said ‘28 countries, one language’,” Marcus recalls. “Now what we meant was the one language of music. He got worried and apparently went to one of the people in our office and said: ‘That’s English, right?’”
• Vladimir Ashkenazy and the European Union Youth Orchestra perform at Emirates Palace on Monday, at 8pm. Tickets begin at Dh125 from tickets.virginmegastore.me
sasaeed@thenational.ae
RACECARD
%3Cp%3E%0D%3Cstrong%3E6pm%3A%3C%2Fstrong%3E%20Abu%20Dhabi%20Land%20Forces%20-%20Maiden%20(TB)%20Dh82%2C500%20(Dirt)%201%2C200m%0D%3Cbr%3E%3Cstrong%3E6.35pm%3A%20%3C%2Fstrong%3EDubai%20Naval%20Forces%20-%20Maiden%20(TB)%20Dh82%2C500%20(D)%201%2C400m%0D%3Cbr%3E%3Cstrong%3E7.10pm%3A%3C%2Fstrong%3E%20Sharjah%20Air%20Force%20-%20Maiden%20(TB)%20Dh82%2C500%20(D)%201%2C200m%0D%3Cbr%3E%3Cstrong%3E7.45pm%3A%20%3C%2Fstrong%3EAjman%20Presidential%20Guard%20-%20Handicap%20(TB)%20Dh95%2C000%20(D)%201%2C200m%0D%3Cbr%3E%3Cstrong%3E8.20pm%3A%3C%2Fstrong%3E%20Dubai%20Creek%20Mile%20%E2%80%93%20Listed%20(TB)%20Dh132%2C500%20(D)%201%2C600m%0D%3Cbr%3E%3Cstrong%3E8.55pm%3A%20%3C%2Fstrong%3EUmm%20Al%20Quwain%20and%20Ras%20Al%20Khaimah%20Joint%20Aviation%20-%20Rated%20Conditions%20(TB)%20Dh95%2C000%20(D)%201%2C600m%0D%3Cbr%3E%3Cstrong%3E9.30pm%3A%3C%2Fstrong%3E%20Fujairah%20National%20Service%20and%20Reserve%20-%20Handicap%20(TB)%20Dh82%2C500%20(D)%201%2C400m%3C%2Fp%3E%0A
GOLF’S RAHMBO
- 5 wins in 22 months as pro
- Three wins in past 10 starts
- 45 pro starts worldwide: 5 wins, 17 top 5s
- Ranked 551th in world on debut, now No 4 (was No 2 earlier this year)
- 5th player in last 30 years to win 3 European Tour and 2 PGA Tour titles before age 24 (Woods, Garcia, McIlroy, Spieth)
Score
Third Test, Day 2
New Zealand 274
Pakistan 139-3 (61 ov)
Pakistan trail by 135 runs with 7 wickets remaining in the innings
DUNGEONS%20%26%20DRAGONS%3A%20HONOR%20AMONG%20THIEVES
%3Cp%3EDirectors%3A%20John%20Francis%20Daley%20and%20Jonathan%20Goldstein%3Cbr%3EStars%3A%20Chris%20Pine%2C%20Michelle%20Rodriguez%2C%20Rege-Jean%20Page%2C%20Justice%20Smith%2C%20Sophia%20Lillis%3Cbr%3ERating%3A%203%2F5%3C%2Fp%3E%0A
Our legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
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.”