Alberto Zaccheroni's first game in charge of the UAE ended in a 1-0 defeat to Haiti in Al Ain. Chris Whiteoak / The National
Alberto Zaccheroni's first game in charge of the UAE ended in a 1-0 defeat to Haiti in Al Ain. Chris Whiteoak / The National
Alberto Zaccheroni's first game in charge of the UAE ended in a 1-0 defeat to Haiti in Al Ain. Chris Whiteoak / The National
Alberto Zaccheroni's first game in charge of the UAE ended in a 1-0 defeat to Haiti in Al Ain. Chris Whiteoak / The National

Alberto Zaccheroni laments slow start but 'pleased' with effort of UAE players in defeat to Haiti


Amith Passela
  • English
  • Arabic

Alberto Zaccheroni’s first game in charge ended in defeat but the UAE manager said his players can take plenty of positives from their performance against Haiti.

A fiercely struck effort from Duckens Nazon hit the post and bounced off Mahmoud Khamis’ knee and into the back of the net to give the visitors victory in their international friendly at the Khalifa bin Zayed Stadium in Al Ain on Friday night.

The Italian set his side up in a 4-3-3 formation but found visiting goalkeeper Johny Pacide in excellent form while defenders Mohanad Salem and Ismail Ahmed were both denied by the crossbar.

“I don’t like to speak on the good and bad fortunes but we were unlucky on a couple of occasions and to some good work by the Haiti goalkeeper,” the Italian said.

Pacide, who plays for Oldham Athletic in England's third tier, was tested throughout, tipping Omar Abdulrahman's effort over the crossbar and blocking a close-range shot from Mohammed Al Akberi before showing quick reflexes to deny Abdulrahman's follow up.

Zaccheroni lamented his side's slow start to the match but was encouraged by the way they grew in confidence thereafter.

“Our performance wasn’t up to the level in the first 25 minutes but I was pleased with their efforts thereafter,” he said.

“The players started to understand the mechanisms. They didn’t leave the opponents with any opportunities with close marking. And then, we had several chances to score but unfortunately it didn’t happen.

“This is the first match and they tried their best. I was upset about the first 25 minutes. After that they played collectively. My philosophy is to play collectively as a team.”

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Zaccheroni was deprived of several senior players, with strikers Ali Mabkhout, Ahmed Khalil and Ismail Matar missing through injury. But the former AC Milan, Inter Milan and Juventus manager said it gave him the opportunity to look at other players in his squad.

“Injuries are not unusual in football,” he said. “We have a lot of time for those players to return to the squad as we don’t have any official matches until the 2019 Asian Cup. It also provides me with the opportunity to see new players.”

Tasked with reaching at least the final of the 2019 Asian Cup, to be held in the Emirates, Zaccheroni's next assignment is against Uzbekistan in Al Ain on Tuesday. Having won the tournament with Japan in 2011, the Italian urged patience as his players try to absorb his methods.

“We have to play the Uzbekistan match from the 25th minute as we played tonight,” he said.

“We will have a new plan and new tactics for this game. Of course everybody wants everything right now but results are not available immediately. We need time.

“I spoke to the players and congratulated them for their efforts against Haiti because this is the first match and they tried their best to implement the plan.”

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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.”

Bio

Born in Dubai in 1994
Her father is a retired Emirati police officer and her mother is originally from Kuwait
She Graduated from the American University of Sharjah in 2015 and is currently working on her Masters in Communication from the University of Sharjah.
Her favourite film is Pacific Rim, directed by Guillermo del Toro

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