England captain Eoin Morgan says his team are comfortable with the fact they are world No 1 in ODIs. Gareth Copley / Getty Images
England captain Eoin Morgan says his team are comfortable with the fact they are world No 1 in ODIs. Gareth Copley / Getty Images
England captain Eoin Morgan says his team are comfortable with the fact they are world No 1 in ODIs. Gareth Copley / Getty Images
England captain Eoin Morgan says his team are comfortable with the fact they are world No 1 in ODIs. Gareth Copley / Getty Images

Cricket World Cup 2019: Eoin Morgan vows to handle pressure his way


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England captain Eoin Morgan has vowed to do things his own way as the clock counts down to the 2019 World Cup but is happy for Alastair Cook, his predecessor, to talk his side up as tournament favourites.

Cook was dismissed as captain shortly before the 2015 World Cup, with Morgan hastily installed ahead of the competition in Australia and New Zealand. It proved a poor campaign but the Irishman has overseen a white-ball revolution in the intervening four years leaving England as world No 1 in the 50-over format.

Cook, speaking with 100 days to go until the competition begins, became the latest high-profile pundit to back England, noting they are "feared throughout the world" and tipping them not to repeat the sins of past editions.

Morgan's response came from Barbados, on the eve of the first one-day international against the West Indies, and he welcomed the plaudits.

"There's a chance we'll go in favourites, we've spoke about it and don't mind the tag," Morgan said. "We've learned to be at ease with it in the last few series.

The recently-retired Alastair Cook, left, was dismissed as England captain shortly before the 2015 World Cup. Randy Brooks / AFP
The recently-retired Alastair Cook, left, was dismissed as England captain shortly before the 2015 World Cup. Randy Brooks / AFP

"But it doesn't really mean anything – you have to produce to be rewarded and have a bit of luck as well.

"To handle it my own way is first and foremost a priority, it's something that I've done since I've been captain and will continue to do. Every series that we've played has almost been a rehearsal for the build-up for the big occasion so I can't imagine anything is going to change.

"The reason we're excited about it is because we've been building to it for so long."

Cook noted that England's past errors include "major changes in key positions" – with his own dropping compounded by 11th hour change to the batting and bowling line-ups in 2015 – but added "this is not going to happen this time".

With most of the 15 squad places effectively locked down and at least nine of the first choice XI pencilled in, the only likely wild card this time comes in the form of Jofra Archer.

The Barbados-born 23-year-old is a star of the global Twenty20 franchise circuit and becomes available for England next month. He represents either a tantalising late addition for the selectors or the potential for a familiar eve-of-tournament disruption and Morgan was careful not to fuel either fire.

"We have asked a lot of questions about ourselves over the last few years, so you'd think no drastic changes like 2015," he said. "Probably one of the best attributes I have is to compartmentalise things.

"So until Jofra qualifies, he's not really in our thoughts at the moment. The focus for us is on this series."

While the main event of the white-ball calendar will understandably loom large over the Caribbean series – both teams are effectively fine-tuning their options over the next five games – Morgan was careful not to look too far ahead. England's Test side were upset 2-1 in the recent series and a repeat in coloured clothing would not go down well.

"Expectations are are high in that everyone expects us to win but the manner in which we do will play out differently to how people expect," Morgan added.

"The West Indies will be tough and everyone in our dressing room knows that. It's not an easy place to come and win particularly when they have a lot of match winners."

Test series fixtures

(All matches start at 2pm UAE)

1st Test Lord's, London from Thursday to Monday

2nd Test Nottingham from July 14-18

3rd Test The Oval, London from July 27-31

4th Test Manchester from August 4-8

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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Schedule:

Friday, January 12: Six fourball matches
Saturday, January 13: Six foursome (alternate shot) matches
Sunday, January 14: 12 singles