Nigel de Jong has received the backing of Roberto Mancini, his Manchester City manager, and Mark van Bommel, his international teammate for Holland.
Nigel de Jong has received the backing of Roberto Mancini, his Manchester City manager, and Mark van Bommel, his international teammate for Holland.
Nigel de Jong has received the backing of Roberto Mancini, his Manchester City manager, and Mark van Bommel, his international teammate for Holland.
Nigel de Jong has received the backing of Roberto Mancini, his Manchester City manager, and Mark van Bommel, his international teammate for Holland.

Club manager and teammate jump to De Jong's defence


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Roberto Mancini, the Manchester City manager, gave his backing to Nigel de Jong after the Holland international midfielder was dropped by his country over a tackle that broke Hatem Ben Arfa's leg.

De Jong's sliding tackle slammed into the Newcastle United midfielder's standing left leg in City's 2-1 Premier League victory on Sunday, leaving the Frenchman with a double break requiring surgery.

The next day, with De Jong having already travelled to the Netherlands, Bert van Marwijk, the Dutch coach, removed the 25-year-old from his squad for the Euro 2012 qualifiers against Moldova on Friday and Sweden four days later. "As his club manager I wish to say that whilst he is naturally competitive, Nigel is first and foremost a great player as well as being honest and loyal and I support him wholeheartedly," Mancini told the club website.

Newcastle called on the English Football Association (FA) to take action against De Jong over the tackle. The Magpies have written to the FA to ask them to look into the incident, which went unpunished by match referee Martin Atkinson. A club statement said: "Newcastle United have today written a strongly worded letter to the Football Association in relation to the tackle by Manchester City's Nigel de Jong on Hatem Ben Arfa in Sunday's Premier League fixture, which resulted in Ben Arfa sustaining a broken tibia and fibula of his left leg.

"The club has asked the FA for the appropriate action to be taken against De Jong for the tackle which, in the club's, opinion was unnecessary and used excessive force."

De Jong attracted criticism in the World Cup final for a chest-high tackle on Spain's Xabi Alonso. The challenge earned him only a yellow card but Howard Webb, the English referee, later said he wished he had shown red.

Meanwhile, Mark van Bommel has urged De Jong not to alter his approach.

Van Bommel, the Dutch captain, refused to criticise his usual Oranje central midfield partner, although he hopes he will learn from the experience. The Bayern Munich player told AD Sportwereld: "Nigel is and remains one of us. We find this all very frustrating. It's very unfortunate that he has broken the leg of an opponent twice in six months. "But I know Nigel as a sweet guy. He doesn't want to injure anyone but wants to win every match.

"Thanks to Nigel we reached the final of the World Cup. And now I hear people calling him a criminal. What a nonsense." Holland's physical style at the World Cup saw them widely criticised with Van Bommel and De Jong two of the men targeted. "I know exactly what Nigel is suffering," Van Bommel added. "I have also had to answer for playing hard. But I didn't want to injure anyone and I have had to think about that criticism.

"Nigel should not change his game, we need him as he is. But maybe he should occasionally go into a tackle slightly differently." Van Bommel is Van Marwijk's son-in-law and he admits he can understand why the decision to drop De Jong was made. He said: "I think it was a very difficult decision for him. We are stronger with Nigel than without him, but he did it for the overall good."

* Agencies

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Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

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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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