Francesco Molinari and Justin Rose have been confirmed as playing captains at the Team Cup event that takes place at Abu Dhabi Golf Club early in 2025.
Molinari captained Continental Europe to victory two years ago and will go head-to-head with his Ryder Cup teammate Rose, who assumes the Great Britain & Ireland captaincy for the first time.
And keeping a close eye on proceedings on the National Course from January 10-12 will be Team Europe captain Luke Donald as he looks to defend the Ryder Cup crown at Bethpage Black in New York in late September after breaking with tradition and agreeing to remain in charge for a second consecutive contest.
He became Europe’s first repeat captain since Bernard Gallacher in 1991, 1993 and 1995 and will bid to become only the second captain after Tony Jacklin in 1985 and 1987 to win home and away.
“I’m really pleased that the Team Cup is returning as it provided some invaluable experience for a lot of players last year. I think all of us got a lot out of the week in terms of experiencing the uniqueness of a team environment,” said Donald, who guided his team to a commanding 16½ to 11½ victory over the United States in Rome to reclaim the Ryder Cup.
"It also helped everyone involved to understand, through the Past Ryder Cup Captains who came and spoke to the players during the event, just what it means to represent Europe in the Ryder Cup.
“I am delighted that Francesco and Justin will assume the role of captains. We saw what Francesco was capable of when he led Continental Europe to a great victory in 2023 and Justin was inspirational both inside and outside the ropes at Marco Simone last year. I’m excited to see them go head-to-head.”
Formerly known as the Hero Cup, the tournament aims to replicate the Ryder Cup as closely as possible with teams competing in match play across one session of fourballs on the Friday, two sessions of foursomes on the Saturday and one session of singles on the Sunday, with every player taking part in all four of the sessions.
Each match will be worth one point, with the team crossing the 12½ point mark winning the Team Cup.
Europe, led by Molinari, defeated the GB&I team led by Tommy Fleetwood by 14½-10½ when the event took place for the first time in 2023 in Abu Dhabi.
Nicolai Hojgaard and Sepp Straka (Europe) along with Fleetwood, Tyrrell Hatton, Shane Lowry and Robert MacIntyre (GB&I) went on to become members of Donald's winning team in Italy.
“I’m delighted to have the opportunity to captain Continental Europe again and to try and successfully defend the Team Cup," said Molinari.
"It was a really special week in 2023 and was great to see players from so many different countries across the continent working towards one single goal. I have immense respect for Justin, he is a great competitor and going up against him and his team is a challenge I’m really relishing.”
Rose, the 2013 US Open champion, said: “It’ll be strange going up against Fran in a match play competition rather than him being on the same side, but it’s something I am really looking forward to, even though I know it will be tough given Fran’s history not just in this contest but in the Ryder Cup too.
"But there is so much exciting talent from Great Britain and Ireland on the DP World Tour right now – it will be great to have the chance to try and mould them into a winning team.”
Abu Dhabi Sports Council are returning as an Official Partner of the event that has free general admission tickets available for all three days.
Ryder Cup 2023 player ratings
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2025 Fifa Club World Cup groups
Group A: Palmeiras, Porto, Al Ahly, Inter Miami.
Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.
Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.
Group D: Flamengo, ES Tunis, Chelsea, (Leon banned).
Group E: River Plate, Urawa, Monterrey, Inter Milan.
Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.
Group G: Manchester City, Wydad, Al Ain, Juventus.
Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.
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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