John Abraham, bottom centre, says Mike Smith, his head coach, standing, is a good listener.
John Abraham, bottom centre, says Mike Smith, his head coach, standing, is a good listener.

Atlanta Falcons veterans know Mike Smith will listen



John Abraham has a pretty good idea for one of the reasons the Atlanta Falcons have found success under Mike Smith.

It is their "Over 30 Club" - a group of veteran players whose regular dialogue with Smith has created an open line of communication from the head coach to the locker room.

"He listens to everything we're saying," Abraham, a four-time Pro Bowl defensive end, said. "He puts it in his mind to use the stuff you're saying, and it eases the situation for everybody on the team."

Smith often calls on the veterans to meet and discuss a wide range of topics affecting the team.

Without his coach's management style, Abraham doubts the Falcons would have gone 33-15 in Smith's tenure and earned two play-off spots and an NFC South title in the last three years.

It is a protocol Smith first learnt while working in Baltimore from 1999 to 2002 under his brother-in-law, the then-head coach Brian Billick.

Smith said one reason the Ravens won the 2000 Super Bowl was Billick's establishment of a team "pyramid" established a fluid dialogue between management and players.

"I don't know if it's a common practice around the league, but it was something we did in Baltimore," said Smith, who was a defensive assistant with the Ravens. "I don't know if it was done prior to that, but it was when I first became involved with it.

"To me, it was neat, because you got your mentors, your older guys, to tell the younger players about what it means to be in the NFL. I think it just makes for a healthier work atmosphere."

When the Falcons hired him in January 2008, one of Smith's first notable changes was to create a give-and-take relationship with players, whose voices had been stifled under Bobby Petrino, his predecessor.

Petrino, who quit after only 13 games of his first NFL season and left for the University of Arkansas, told players he did not care what they had to say. He would often pass veteran players such as Abraham, Todd McClure and Ovie Mughelli in the hallway and make no attempt at eye contact or conversation.

Everything changed under Smith, an affable, professional boss, who took over a 4-12 team that was in disarray after the 2007 imprisonment of Michael Vick, the quarterback, and the abrupt departure of Petrino.

"It was good to have your viewpoint heard with any situation," Abraham said. "It was no longer a dictatorship."

McClure, the centre who has been an NFL starter since 1999, said: "With Smitty, you don't have a guy that's holding a stick over your head as the hard, stern ruler. He's actually worried about each guy and their health, and making sure they'll be able to get out on the field. He said that the first time he came in these doors, and we respect him for that."

For a chatty, intelligent person like Mughelli, the fullback, the change from Petrino to Smith made him feel wanted.

Mughelli was drafted by the Ravens in 2003, the year after Smith left Baltimore to become the defensive co-ordinator in Jacksonville. He decided to sign as a free agent with the Falcons in 2007, Petrino's lone season.

After attending team dinners in which players were not allowed to speak unless spoken to under Petrino, Mughelli welcomed the familiar approach he knew would help the Falcons win under Smith.

"In Baltimore, if the over-30 players thought we should let up, do a little more or how we might change some things, Brian [Billick] would listen," Mughelli said. "Smitty does the same thing. He's very much a players' coach, and I don't think that's a bad thing at all.

"It helps us fight harder for him. It helps us believe in him."

And Smith's word becomes universal in the locker room when his over-30 guys take his message back downstairs.

"A lot of times players will receive things better if it comes from one of their peers rather than from a coach or a head coach," McClure said. "If it's coming from another guy that's lining up with them, they might take it a little better. What Smitty does is he puts messages to the over-30 club and he wants it to get out to the team and spread it in our own way."

The Melbourne Mercer Global Pension Index

The Melbourne Mercer Global Pension Index

Mazen Abukhater, principal and actuary at global consultancy Mercer, Middle East, says the company’s Melbourne Mercer Global Pension Index - which benchmarks 34 pension schemes across the globe to assess their adequacy, sustainability and integrity - included Saudi Arabia for the first time this year to offer a glimpse into the region.

The index highlighted fundamental issues for all 34 countries, such as a rapid ageing population and a low growth / low interest environment putting pressure on expected returns. It also highlighted the increasing popularity around the world of defined contribution schemes.

“Average life expectancy has been increasing by about three years every 10 years. Someone born in 1947 is expected to live until 85 whereas someone born in 2007 is expected to live to 103,” Mr Abukhater told the Mena Pensions Conference.

“Are our systems equipped to handle these kind of life expectancies in the future? If so many people retire at 60, they are going to be in retirement for 43 years – so we need to adapt our retirement age to our changing life expectancy.”

Saudi Arabia came in the middle of Mercer’s ranking with a score of 58.9. The report said the country's index could be raised by improving the minimum level of support for the poorest aged individuals and increasing the labour force participation rate at older ages as life expectancies rise.

Mr Abukhater said the challenges of an ageing population, increased life expectancy and some individuals relying solely on their government for financial support in their retirement years will put the system under strain.

“To relieve that pressure, governments need to consider whether it is time to switch to a defined contribution scheme so that individuals can supplement their own future with the help of government support,” he said.

Key Points
  • Protests against President Omar Al Bashir enter their sixth day
  • Reports of President Bashir's resignation and arrests of senior government officials
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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.”

Final scores

18 under: Tyrrell Hatton (ENG)

- 14: Jason Scrivener (AUS)

-13: Rory McIlroy (NIR)

-12: Rafa Cabrera Bello (ESP)

-11: David Lipsky (USA), Marc Warren (SCO)

-10: Tommy Fleetwood (ENG), Chris Paisley (ENG), Matt Wallace (ENG), Fabrizio Zanotti (PAR)

TWISTERS

Director:+Lee+Isaac+Chung

Starring:+Glen+Powell,+Daisy+Edgar-Jones,+Anthony+Ramos

Rating:+2.5/5

COMPANY PROFILE

Company name: Klipit

Started: 2022

Founders: Venkat Reddy, Mohammed Al Bulooki, Bilal Merchant, Asif Ahmed, Ovais Merchant

Based: Dubai, UAE

Industry: Digital receipts, finance, blockchain

Funding: $4 million

Investors: Privately/self-funded

Kill

Director: Nikhil Nagesh Bhat

Starring: Lakshya, Tanya Maniktala, Ashish Vidyarthi, Harsh Chhaya, Raghav Juyal

Rating: 4.5/5


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