Paul Pogba's mother, Yeo Moriba, credits herself for his ever-changing hairstyles. Charles Platiau / Reuters
Paul Pogba's mother, Yeo Moriba, credits herself for his ever-changing hairstyles. Charles Platiau / Reuters
Paul Pogba's mother, Yeo Moriba, credits herself for his ever-changing hairstyles. Charles Platiau / Reuters
Paul Pogba's mother, Yeo Moriba, credits herself for his ever-changing hairstyles. Charles Platiau / Reuters

Paul Pogba rises from distrusted at Man United to the main man for Juve and France, all with some motherly support


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BUSSY-SAINT-GEORGES, FRANCE // Yeo Moriba laughed as she recalled her showdown with Alex Ferguson, one of many confrontations with football authority over the future of her son Paul Pogba.

Ferguson was notorious for his ‘hairdryer’ blasts at players in the Manchester United dressing room and the proud mother told AFP how the tough manager had once left her son in tears in his office.

That may be why Pogba, 23, escaped the clutches of United to join Juventus. The France midfielder will be one of the most watched players at the European Championship finals.

After three years struggling for a first team place, Pogba refused to sign a new contract at United in 2012.

Ferguson took matters into his own hands and decided to confront Moriba, who acts as her son’s agent, manager and advisor as well as her two other twin sons Florentin and Mathias.

“I said: ‘What? Ferguson coming to my house! He came alone’,” Moriba said.

“We had got together with his brothers and we decided: he won’t re-sign.

“Ferguson punished him, he didn’t play him, Paul was alone. He even cried in Ferguson’s office over the way he was treated.”

Pogba was upset that Paul Scholes had been tempted out of his six-month retirement in January 2012 to rescue a United midfield in the grips of an injury crisis.

Only 18 years old at the time and with just a couple of substitute appearances to his name in the League Cup, Pogba felt he should have been given his chance.

Although he made three substitute appearances in the Premier League after Scholes’s return, he was determined to leave.

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Pogba and his mother were proved right. The player became an instant hit in Turin.

“Nowadays you’d have to say I know a bit about football, you can’t fool me,” Moriba said.

“I’m asked for advice, that’s all. All three respect me, and they listen to me.”

Moriba’s defiance in France sent Pogba into the clutches of the Premier League giants in the first place.

Pogba came through the youth ranks at Le Havre but at 15 was tempted to United, who offered a better deal than the French club.

The club presidents union, led by Lyon supremo Jean-Michel Aulas tried to put pressure on Pogba to stay in France, saying leaving for abroad would set a bad example.

“I didn’t appreciate them trying to look down at us. I raised my voice, they found that weird,” Moriba said.

With another young French prospect, Gael Kakuta, heading for Chelsea at the same time, the French press cried scandal at the motives of the young players.

“I was shocked,” she said. “They wrote that I was given a house over there, but that was wrong. I was accused of selling my child.”

Moriba said she always encouraged her sons to play football. Paul Pogba was always the most talented but all three were also good table-tennis players.

“They’ve always played football, always. I used to have to call then four, five times,” she said.

“I’d shout from the balcony: ‘Come home! It’s time’.”

I’ve made a lot of sacrifices for my children.

“(Football) counted a lot in their education because it calmed them down.

“My boys were always moving, they moved too much! When they came back from sport they were exhausted.”

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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.”