After travelling the world playing football for the past decade, Fernando Baiano says it is time for him to return for good to his native Brazil.
From Germany to Spain to the UAE, the 33-year-old striker has spent all but one season since 2003 playing outside his homeland.
He has spent the past four seasons in the Pro League, first at Al Jazira and the last three at Al Wahda, scoring more than 80 goals in all competitions.
"It has been a wonderful journey for me," Baiano said in an interview with Prime Time Sports Channel.
"I have had a good time living out of Brazil and now I feel a bit home sick. I want to get back home and play some football in Brazil."
He won a league title, a Super Cup medal and played in the Club World Cup at Wahda.
"My time in the UAE has been really wonderful and it has left a lasting memory," Baiano said. "I am happy I achieved a couple of titles for Wahda."
Baiano left Brazil in 2003 to play in the German Bundesliga for Wolfsburg, scoring 11 goals in one season. After one season back in Brazil, he returned to Europe two years later for spells in the Primera Liga in Spain with Malaga, Celta Vigo and Murcia before his arrival at Jazira.
Josef Hickersberger, the outgoing coach coach at Wahda, thinks Baiano could still play a role for any professional club.
"He has scored some fantastic goals for us and helped us win the league in 2010, but hasn't been at his best this season because of an injury at the start of the season," Hickersberger said. "Nevertheless, he still can be a pretty good player for any club side. One of his greatest qualities is that he will not give up and doesn't like to be left out from the line-up."
After topping the scoring charts in his first season at Jazira, they offered him a one-year extension, but Baiano wanted a three-year contract and joined neighbours Wahda.
"Baiano had made a big impression in his first year in the Pro League and we grabbed the opportunity to sign him on a three-year deal," Khaled Awadh, the deputy chief executive of Wahda, said.
"He was full value for our money. He made a lot of difference by scoring some great goals to win the league for us.
"And now he has served us the full three years and we can't ask him for more. We wish him the very best on his future endeavours."
Baiano's time at Wahda was not without off-field incidents. He was involved in a motor accident earlier this season and spent a week in police custody.
He was driving a Lamborghini when he collided with Salem Masoud, the Al Jazira player, in a BMW X6 in the early morning hours of November 29 on Sheikh Zayed Bridge heading into Abu Dhabi. A taxi was also involved. Haider Ali, Baiano's teammate and the Wahda captain, thought it was one of those incidents when a fun ride went wrong. "No serious damage was done and he learnt a lesson from it," Ali said. "I think as a player and teammate he is a cheerful person and friend.
"And as a player, he has nothing to prove. He has scored some fantastic goals for us and helped the team win the league. He is very friendly person but when it comes to playing team, he is very serious, be it training or game."
Hickersberger said he sees Baiano as a very reserved and quiet person, but says he sometimes does not have the patience he should.
"He wants to play even when he is not 100 per cent," Hickersberger said. "That's a great attribute from a player because not many would risk injury.
"And that also shows that he is a good team man and plays with a lot of passion for his team."
Hickersberger, too, will join Baiano on the way out of Wahda. They will be joined by the two other Brazilians, Magrao and Hugo, as none of their contracts are to be renewed after their last league game against Emirates in Ras Al Khaimah on Sunday.
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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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Key findings of Jenkins report
- Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
- Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
- Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
- Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."
Red flags
- Promises of high, fixed or 'guaranteed' returns.
- Unregulated structured products or complex investments often used to bypass traditional safeguards.
- Lack of clear information, vague language, no access to audited financials.
- Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
- Hard-selling tactics - creating urgency, offering 'exclusive' deals.
Courtesy: Carol Glynn, founder of Conscious Finance Coaching
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Uefa Champions League last-16, second leg:
Real Madrid 1 (Asensio 70'), Ajax 4 (Ziyech 7', Neres 18', Tadic 62', Schone 72')
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Rating: 4/5
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Second Test
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Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
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