Antonio Conte, right, the Juventus coach, celebrates with his players, from left to right, Andrea Pirlo, Claudio Marchisio and Simone Pepe during their 2-0 win over AC Milan on Sunday.
Antonio Conte, right, the Juventus coach, celebrates with his players, from left to right, Andrea Pirlo, Claudio Marchisio and Simone Pepe during their 2-0 win over AC Milan on Sunday.

Antonio Conte's impressive start as coach at Juventus



The first thing that strikes you when you meet Antonio Conte is his piercing blue eyes. They suggest a steeliness that was apparent when he played in the midfield of an all-conquering Juventusteam in the 1990s.

Conte has a sharp blade of a tongue when necessary, too. He once produced a celebrated riposte to a notoriously garrulous opponent on the pitch. Marco Materazzi teased him with a reference to his thinning thatch: "Go and get a hair transplant," the Inter Milan defender said. Quick as a flash, Conte replied: "What you need is a brain transplant."

Conte saves most of his better jokes for private exchanges these days; his persona as the head coach of Italian football's most decorated club is all seriousness and rigour.

"He's a tough boss," said Alessandro Del Piero, the club captain and a long enough servant of Juve to have coincided on the pitch with Conte for eight years, up to Conte's departure as a player in 2004.

Conte returned last summer, with feathers in his cap as a manager, notably for having guided Siena up from Serie B. Yet, among Juventus supporters, there was scepticism about the arrival of another young man - he is 42 - at the helm.

The club's recent, troubled history features unusually frequent changes of manager and a schizophrenic fluctuation between youthful, Juve-in-their-blood coaches and older been-around-the-block veterans.

Didier Deschamps, a contemporary of Conte's in the Juventus side that lifted the Champions League in 1996, steered the club up from Serie B after they were relegated as punishment for the calciopoli scandal. He then suddenly quit.

Ciro Ferrara, the former Juve defender from the same generation, took over in 2009. He lasted less than 12 months.

Conte knows about these ghosts, but in Juve's new stadium, they can at least be seen to be haunting elsewhere. Sunday's 2-0 win over AC Milan marked a significant milestone in his tenure.

In the unbeaten run that has taken Juventus to the top of Serie A, some clear Conte principles have emerged.

His Juve will play with width, close to a 4-2-4 formation when on top, and they look unlikely to buckle as easily as the Juventus squads that finished seventh the last two seasons.

Endorsements for the new man in charge are flowing. "He's just what Juve needed," said Marcello Lippi, the head coach at the club when Conte was the Juve captain. "He's well organised, tactically mature, and he's got a bit of rage."

The biog

Favourite film: The Notebook  

Favourite book: What I know for sure by Oprah Winfrey

Favourite quote: “Social equality is the only basis of human happiness” Nelson Madela.           Hometown: Emmen, The Netherlands

Favourite activities: Walking on the beach, eating at restaurants and spending time with friends

Job: Founder and Managing Director of Mawaheb from Beautiful Peopl

The Dictionary of Animal Languages
Heidi Sopinka
​​​​​​​Scribe

Honeymoonish

Director: Elie El Samaan

Starring: Nour Al Ghandour, Mahmoud Boushahri

Rating: 3/5

COMPANY PROFILE

Name: Xpanceo

Started: 2018

Founders: Roman Axelrod, Valentyn Volkov

Based: Dubai, UAE

Industry: Smart contact lenses, augmented/virtual reality

Funding: $40 million

Investor: Opportunity Venture (Asia)

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.”

The specs

Engine: 2.0-litre turbocharged 4-cyl
Transmission: 8-speed auto
Power: 300bhp (GT) 330bhp (Modena)
Torque: 450Nm
Price: Dh299,000 (GT), Dh369,000 (Modena)
On sale: now

THE SWIMMERS

Director: Sally El-Hosaini

Stars: Nathalie Issa, Manal Issa, Ahmed Malek and Ali Suliman 

Rating: 4/5

T20 World Cup Qualifier fixtures

Tuesday, October 29

Qualifier one, 2.10pm – Netherlands v UAE

Qualifier two, 7.30pm – Namibia v Oman

Wednesday, October 30

Qualifier three, 2.10pm – Scotland v loser of qualifier one

Qualifier four, 7.30pm – Hong Kong v loser of qualifier two

Thursday, October 31

Fifth-place playoff, 2.10pm – winner of qualifier three v winner of qualifier four

Friday, November 1

Semi-final one, 2.10pm – Ireland v winner of qualifier one

Semi-final two, 7.30pm – PNG v winner of qualifier two

Saturday, November 2

Third-place playoff, 2.10pm

Final, 7.30pm


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