Live on air, Jose Mourinho was momentarily taken by surprise. The broadcaster, DAZN, was carrying out a live interview with him and suddenly connected the Roma head coach to his counterpart at Napoli. Both had just celebrated victories.
Mourinho quickly paid Luciano Spalletti some generous compliments. They are long-time rivals, veterans of a few head-to-head tussles when they were both much younger. But they can share plenty of stories about the demands of managing Roma and Inter Milan, where both have worked.
“So, great Spalletti, are you planning to win every match this season?” asked the Portuguese.
Spalletti laughed. Napoli’s winning run is still well short of the record he once set for consecutive victories in Serie A - 11, with Roma - but the club’s seven wins and no dropped points put them ahead of any other team in the five leading domestic leagues of Europe so far this season.
Napoli will go into the eighth matchday of Serie A two points clear of AC Milan, four ahead of champions Inter, and six in front of Mourinho’s fourth-placed Roma.
Way back in seventh are Juventus, whom Napoli have already beaten and whose distance from the leaders is taken as encouragement that the 2021/22 title is one that might be seized by a relative outsider.
Napoli count as that. They may have had three runners-up finishes in the last six years, but it is 31 years since they finished top, and only five months since they fell short of finishing in the top four, looking brittle and nervous on the last day of last season as they threw away a lead and the points that would have secured fourth place at Juventus’s expense.
That confirmed the end of Gennaro Gattuso’s spell as head coach and in the eventful round of musical chairs that was Serie A’s summer of managerial change, ushered a return to the top division of Italian football for Spalletti.
Imaginative, and occasionally irascible, Spalletti, 62, has put his stamp on Napoli quickly. They are enterprising in attack, studious with their homework and carry an element of surprise.
Witness the winning goal that maintained their 100 per cent record at Fiorentina just before the international break. It came from a free-kick, at which the usual taker, captain Lorenzo Insigne, feigned to deliver a cross, right footed, but instead left the execution, left-footed, to Piotr Zielinski, who had acted as if to move away from the spot where the ball was placed. Fiorentina were instantly wrong-footed, defender Amir Rrahmani unmarked to head in his second goal, and Napoli’s 18th, of the campaign.
Spalletti was beaming at the excellent execution of a carefully devised plan, though he gave the credit to his long-time assistant Daniele Baldini. Baldini devised the routine, with Insigne acting as the distraction and Zielinski pretending to be distracted until he darted up to offer the unexpected angle.
It turned out Baldini had developed it from a similar manoeuvre he had watched in a Bundesliga match between Borussia Dortmund and Werder Bremen three seasons ago. Baldini spends a great deal of time, at Napoli’s Castel Volturno training campus, scouring for fresh ideas and recommending them to Spalletti.
The set-pieces are serving Napoli well: four goals from free-kicks; one from a corner; two converted penalties so far, and you could add to the list the Insigne penalty that was saved in Florence but turned into a Hirving Lozano equaliser at the third attempt during the frantic penalty-box pinball that followed the save.
It helped Spalletti’s men to an unusually narrow victory, 2-1. They concede few goals, Rahmani part of a defence that had let in just three in the league so far.
All these impressive statistics will greet Torino on Sunday and Mourinho’s Roma a week later, and as Spalletti welcomed back his players from international duty on Thursday, he was keen to keep up the momentum, and especially to confirm the fitness and readiness of the trio returning from World Cup qualifiers in Africa.
Napoli’s success has been built around the spine of Kalidou Koulibaly, the Senegal central defender, Andre-Frank Zambo Anguissa, the Cameroon midfielder and Victor Osimhen, the Nigerian centre-forward.
Osimhen has four goals from his last four games. Anguissa, signed from Fulham in the summer “brings the qualities we were lacking,” according to his head coach, while Koulibaly’s already high reputation has grown in the last two months. “An exceptional leader,” Spalletti calls him.
The coach knows a major challenge will come when all three depart in early January, for the Africa Cup of Nations. They may be away for a month. Napoli will miss them.
Brief scores
Toss India, chose to bat
India 281-7 in 50 ov (Pandya 83, Dhoni 79; Coulter-Nile 3-44)
Australia 137-9 in 21 ov (Maxwell 39, Warner 25; Chahal 3-30)
India won by 26 runs on Duckworth-Lewis Method
Brief scoreline:
Liverpool 2
Keita 5', Firmino 26'
Porto 0
Match info
Uefa Champions League Group B
Barcelona v Tottenham Hotspur, midnight
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.”
Match info
What: Fifa Club World Cup play-off
Who: Al Ain v Team Wellington
Where: Hazza bin Zayed Stadium, Al Ain
When: Wednesday, kick off 7.30pm
Mobile phone packages comparison
New schools in Dubai
The specs: 2018 GMC Terrain
Price, base / as tested: Dh94,600 / Dh159,700
Engine: 2.0-litre turbocharged four-cylinder
Power: 252hp @ 5,500rpm
Torque: 353Nm @ 2,500rpm
Transmission: Nine-speed automatic
Fuel consumption, combined: 7.4L / 100km
Abu Dhabi Sustainability Week
Fund-raising tips for start-ups
Develop an innovative business concept
Have the ability to differentiate yourself from competitors
Put in place a business continuity plan after Covid-19
Prepare for the worst-case scenario (further lockdowns, long wait for a vaccine, etc.)
Have enough cash to stay afloat for the next 12 to 18 months
Be creative and innovative to reduce expenses
Be prepared to use Covid-19 as an opportunity for your business
* Tips from Jassim Al Marzooqi and Walid Hanna
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