Germany forward Timo Werner has completed his £25million move back to RB Leipzig from Chelsea.
Werner thanked Chelsea’s fans for supporting him despite the battles for top form that he faced at the London club.
Werner has been in Germany in the last few days to put the finishing touches to his move back to Leipzig, the club he left for Chelsea in 2020.
Chelsea paid £54million for Werner in two years ago, with the 26-year-old playing a pivotal role in the Blues’ Champions League triumph in Lisbon in 2021.
British media said Leipzig are bringing Werner back for about £25m ($30.21m).
The 26-year-old spent the largest part of his senior career at RB Leipzig between 2016-20 and is the club's all-time top scorer with 95 goals.
"Timo Werner's signing is a special transfer for us," Leipzig's commercial director for sport Florian Scholz said.
"We saw Timo become the club's record goalscorer and a Germany international. His return means a lot to the supporters because Timo was a real fan favourite and figure of identification for a lot of people."
Chelsea player salaries for 2022-23
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Raheem Sterling is the top earner at Chelsea, according to capology.com, with a weekly wage of £325,000, or £16.9 million a year. Action Images -

Kalidou Koulibaly, £295,000 a week. Getty -

N'Golo Kante, £290,000 a week. Getty -

Reece James, £250,000 a week. EPA -

Wesley Fofana, £200,000 a week. AFP -

Ben Chilwell, £190,000 a week. Getty -

Enzo Fernandez, £180,000 a week. AP -

Cesar Azpilicueta, £180,000 a week. Getty -

Marc Cucurella, £175,000 a week. Getty -

Pierre-Emerick Aubameyang, £160,000 a week. AP -

Kepa Arrizabalaga, £150,000 a week. AP -

Christian Pulisic, £150,000 a week. Getty -

Kai Havertz, £150,000 a week. EPA -

Ruben Loftus-Cheek, £120,000 a week. Getty -

Thiago Silva, £110,000 a week. Getty -

Joao Felix, £110,000 a week. EPA -

Mateo Kovacic, £100,000 a week. Getty -

Hakim Ziyech, £100,000 a week. Getty -

Carney Chukwuemeka, £100,000 a week. Reuters -

Mykhailo Mudryk, £100,000 a week. Action Images -

Denis Zakaria, £90,000 a week. AFP -

Benoit Badiashile, £90,000 a week. PA -

Mason Mount, £80,000 a week. Getty -

Edouard Mendy, £55,000 a week. AFP -

Conor Gallagher, £50,000 a week. Getty -

Trevoh Chalobah, £50,000 a week. AFP -

Armando Broja, £40,000 a week. Action Images -

Gabriel Slonina, £40,000 a week. AP -

Marcus Bettinelli, £35,000 a week. Getty -

Noni Madueke, salary not released. Getty
Werner made his Germany debut in a Confederations Cup win over Australia in June 2017 and now has 50 caps.
"I'm very happy to be able to play for RB Leipzig again," Werner told the club's website.
"I had a great time here ... when we performed brilliantly as newcomers in the league.
"I'm looking forward to the new season with RB Leipzig and above all to meeting the Leipzig fans again, who mean a great deal to me. We want to achieve a lot and, of course, I want to become the first Leipzig player to reach the 100-goal mark."
Werner parted ways with Chelsea after two years at the Premier League club, where he lifted the Champions League trophy, the Uefa Super Cup and Club World Cup.
He made 89 appearances for Chelsea, scoring 23 goals.
"Dear Blues, today marks the end of my journey with Chelsea FC," Werner said as he posted a goodbye message to the fans on social media.
"I felt so much love and support throughout the last two years and I will never forget how you guys stood behind me in good and in challenging times.
"We lifted trophies like the Champions League together and I will always remember the song you wrote and chanted for me. I'm already looking forward to hopefully playing at Stamford Bridge again one day."
What is a robo-adviser?
Robo-advisers use an online sign-up process to gauge an investor’s risk tolerance by feeding information such as their age, income, saving goals and investment history into an algorithm, which then assigns them an investment portfolio, ranging from more conservative to higher risk ones.
These portfolios are made up of exchange traded funds (ETFs) with exposure to indices such as US and global equities, fixed-income products like bonds, though exposure to real estate, commodity ETFs or gold is also possible.
Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can buy ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being user friendly.
Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.
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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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