A US English teacher who was shot dead in Baghdad on Monday, loved Iraq and local food while those who knew him say he will always be remembered for his modesty, charm and sense of humour.
In 2021, Stephen Edward Troell came to Iraq to work in a local English school, the Global English Institute, operated by the Texas aid group Millennium Relief and Development Services.
Mr Troell, a native of Tennessee, lived with his wife, who was the language school's manager, three daughters and a toddler son.
He was killed by unknown gunmen late on Monday while driving through the capital's bustling commercial district of Karrada, where he lived.
The news shocked Iraqis, especially those who had met him in person.
The teacher over the past two months visited a sales point for a mobile phone company in Baghdad where Mohammed Abdul Latif works.
“Once he was inside the store, he addressed us in Arabic. ‘How are you today guys? Are you going to give me gifts today? I love gifts’,” Mr Abdul Latif, 25, said.
He remembers how the employees used to gather around him as he cracked jokes.
Once, he shared with them his experience of taking part in the weeks-long mourning procession to commemorate the death of a revered Shiite imam.
“Then he distributed free cakes and drinks for pilgrims in the streets,” Mr Abdul Latif told The National.
“He had a wonderful personality. He loved Iraq and all Iraqis who knew him respected him,” he said.
“Once he told me that he didn’t feel himself as a stranger, but among his people and always said: ‘You are good people and I’m thinking of staying in Iraq and not going back to my country'."
Shortly after his death was announced, Iraqis turned to social media to vent their anger, sharing photos of Troell with his family in Baghdad.
One photo showed him and his wife standing on one of Baghdad’s old bridges over the Tigris and another at Al Mutanabbi Street, the historic book market and the centre of Baghdad's intellectual life.
In addition to photos, he was also seen in videos promoting the institute with his family members.
“The institute has been ruined and it will be dark after Mr Stephen,” a mother of two students told The National. Her two children, eight and 14 years old, studied English during the summer holidays.
“He was highly respected," she said. “He loved Iraq and Iraqis and served Iraq in a sincere way,” she said, recalling how he warmly received families at the institute.
"His absence is a great loss to all of us," she said.
“He loved the Iraqi dishes a lot and families always brought him food. Once, I saw timman and qeema,” she said, referring to rice with a thick stew of chickpeas and diced meat prepared during mourning periods.
“I can’t send my children again to the institution any more,” she said.
The targeting was a rare incident in Iraq, where security conditions in recent years have greatly improved.
Foreigners, some of whom live and work in Iraq or travel as tourists, are again seen in the streets or roaming archaeological sites after the long struggle against ISIS.
Iraqi authorities are investigating the incident, but have yet to announce any conclusions.
“Why do beautiful things get killed in Iraq?” the Iraqi mother said.
“Those who hate Iraq and want it to stay in chaos are behind the killing of Mr Stephen,” she said.
Government investigation
On Tuesday, Iraq’s Prime Minister Mohammed Shia Al Sudani described the killing as a "cowardly crime".
"We do not want to anticipate events,” Mr Al Sudani said during his weekly press conference.
“The victim has been in Iraq since 2021 and the timing of this crime raises question marks," Mr Al Sudani said. He vowed to arrest the perpetrators.
“This issue is a red line for the government,” he said. “Those who want to test the government with the issue of security will fail in that attempt, God willing, because the security of Iraq is a red line," he said.
“Attacking foreign citizens is something that cannot be tolerated.”
The language school issued a statement on its Facebook page, bidding farewell to Troell, who “loved Iraq and its people and sought to serve it”.
Classes will be postponed for two weeks, it announced, but promised to continue “our message of teaching the English language and to spread love and peace for the sake of rebuilding our country”.
It quoted Troell: “I pray to God, the one, that my heart will die in Iraq.”
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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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