Babar Azam on the verge of No1 ODI ranking as Pakistan eye series win in South Africa


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Captain Babar Azam will be targeting a limited overs series win and the No1 ranking in ODIs when Pakistan face South Africa in the deciding match in Centurion on Wednesday.

Before the series started, Azam was on 837 ranking points – 20 behind India captain Virat Kohli in the list for top ODI batsmen. The Pakistan captain scored a century in the series opener, which his team won off the last ball, and 31 in the second which his team lost despite a scintillating 193 from opener Fakhar Zaman.

Azam is almost guaranteed to overtake Kohli as the No1 ODI batsman, and is likely to remain in that position for a long period as India are not scheduled to play a 50-over game in the coming months.

What should also encourage Azam and Pakistan is the absence of top South African players for the decider. The Proteas will be without five leading players – Quinton de Kock, Kagiso Rabada, Lungi Ngidi, David Miller and Anrich Nortje – for the third match because of Indian Premier League commitments.

Had he been available, De Kock would have been the centre of attention. The wicketkeeper set tongues wagging and attracted scrutiny from match officials in the second ODI over the run out of Zaman.

In the last over of the match, with Pakistan needing 31 to win, de Kock seemingly gestured for fielder Aiden Markram to throw to the bowler's end, where Haris Rauf was heading.

Zaman, batting on 192, looked behind him, assuming the throw to go to the other end but was surprised when Markram's throw hit the stumps at his end.

Match officials are believed to have come to the conclusion that De Kock did not breach the law on fielders deceiving batsmen.

South Africa are not the only team missing a big name. All-rounder Shadab Khan has been ruled out from further participation on the tour of South Africa and will also miss out on the tour of Zimbabwe due to a toe injury.

Shadab injured his left toe while batting in the second match and has been sidelined for up to four weeks.

The leg-spinner didn’t take a wicket in the two ODIs against South Africa and scored only 33 and 13 runs in two games.

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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.”

U19 WORLD CUP, WEST INDIES

UAE group fixtures (all in St Kitts)

  • Saturday 15 January: UAE beat Canada by 49 runs 
  • Thursday 20 January: v England 
  • Saturday 22 January: v Bangladesh 

UAE squad:

Alishan Sharafu (captain), Shival Bawa, Jash Giyanani, Sailles
Jaishankar, Nilansh Keswani, Aayan Khan, Punya Mehra, Ali Naseer, Ronak Panoly,
Dhruv Parashar, Vinayak Raghavan, Soorya Sathish, Aryansh Sharma, Adithya
Shetty, Kai Smith