• Kurt Zouma during the Premier League match between West Ham United and Watford at London Stadium on February 08. Getty Images
    Kurt Zouma during the Premier League match between West Ham United and Watford at London Stadium on February 08. Getty Images
  • Kurt Zouma celebrates with Jarrod Bowen and Manuel Lanzini after Bowen scored for West Ham against Watford. Reuters
    Kurt Zouma celebrates with Jarrod Bowen and Manuel Lanzini after Bowen scored for West Ham against Watford. Reuters
  • Kurt Zouma in action for West Ham United against Watford. Getty Images
    Kurt Zouma in action for West Ham United against Watford. Getty Images
  • Kurt Zouma competes for a header against Watford's Craig Cathcart. Getty Images
    Kurt Zouma competes for a header against Watford's Craig Cathcart. Getty Images
  • Kurt Zouma during West Ham's match against Watford. Reuters
    Kurt Zouma during West Ham's match against Watford. Reuters
  • Kurt Zouma in action for West Ham against Watford. Reuters
    Kurt Zouma in action for West Ham against Watford. Reuters
  • Kurt Zouma runs with the ball during the game between West Ham and Watford. AP
    Kurt Zouma runs with the ball during the game between West Ham and Watford. AP
  • Kurt Zouma lines up alongside his West Ham teammates ahead of the Premier League game against Watford. PA
    Kurt Zouma lines up alongside his West Ham teammates ahead of the Premier League game against Watford. PA
  • Kurt Zouma warms up ahead of the game between West Ham and Watford. AFP
    Kurt Zouma warms up ahead of the game between West Ham and Watford. AFP
  • Kurt Zouma warms up ahead of the Premier League match between West Ham and Watford. AFP
    Kurt Zouma warms up ahead of the Premier League match between West Ham and Watford. AFP

Moyes defends decision to include Zouma in West Ham team after cat-kicking video


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West Ham United manager and "big animal lover" David Moyes has defended his decision to include Kurt Zouma in his starting line-up for Tuesday's Premier League win over Watford.

French defender Zouma was filmed kicking, hitting, and throwing a shoe at his pet cat in a video that has caused widespread outrage and disgust.

West Ham issued a statement earlier in the day denouncing their player while Essex Police and the Zouma's sponsor Adidas both said they were investigating the incident.

Zouma, who apologised for his behaviour, was booed by sections of the crowd on Tuesday and afterwards Moyes was asked whether starting him sent out the correct message.

"I am really disappointed and the club have taken all the actions they can do at the moment and are working on it behind the scenes," Moyes told reporters. "My job is to try and pick a team which gives me the best chance at West Ham and Kurt was part of that team.

"I was really disappointed with what I saw and what I was told. But overall my job tonight was to get a win for West Ham. Of course there are people who are disappointed with that and I understand that totally."

While Moyes said he opted to play Zouma for football reasons, he could not hide his disgust. Asked if he had seen the video, he said: "Yes I have. I was really, really disappointed as I am a big animal lover and someone who cares a lot about my dogs and horses.

"We have all felt it through the team and the club. But we are all on the same feeling it was something which was completely out of order and something we did not expect from Kurt, we did not see that in his character.

"We've not see that from him in anything we have come across with him so we are really disappointed."

West Ham have said they would deal with Zouma internally. Asked what the punishment might be, Moyes said: "I think the club would rather deal with that and in time they will let you know what the action is."

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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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Updated: February 09, 2022, 7:22 AM