CARDIFF, United Kingdom // Cristiano Ronaldo upstaged new team-mates Toni Kroos and James Rodriguez and homecoming hero Gareth Bale as Real Madrid beat Sevilla 2-0 in Cardiff on Tuesday to win the UEFA Super Cup.
World Cup stars Kroos and Rodriguez were making their Madrid debuts, while Bale was returning to his hometown, but it was Ronaldo, characteristically, who hogged the spotlight with a brace in the Welsh capital.
The Portugal captain claimed a 30th-minute opener from Bale’s cross and then slammed home a second goal shortly after half-time to earn the European champions what could be the first of six trophies this season.
“We knew this would be a complex game, but we played well and created goal-scoring opportunities,” said Ronaldo, who was named man of the match by his former Manchester United mentor Alex Ferguson.
On Kroos and Rodriguez, he added: “These are two crucial players for us. They played well and they helped the team win this important trophy.”
Read more: Toni Kroos and James Rodriguez to start for Real Madrid, says Carlo Ancelotti
While 80-million-euro ($108 million) new recruit Rodriguez had a modest debut, Madrid’s new-look attack -- which cost roughly 310 million euros to assemble -- showed ominous flashes of quality.
Victory gave Madrid only their second Super Cup, after a maiden triumph in 2002, and enabled Carlo Ancelotti’s side to avenge a costly 2-1 loss at the hands of Europa League winners Sevilla in La Liga last season.
“The team played very well, especially considering we didn’t have much time to prepare,” said Ancelotti.
“Toni Kroos and James played well. James had a few more troubles than Kroos in the first half, but in the second half he played just as well as Kroos.”
While Ancelotti named both Kroos and Rodriguez in his starting XI, Sevilla left-back Alberto Moreno was omitted from his side’s match-day squad amid reports he is on the verge of joining Liverpool.
With Germany midfielder Kroos sitting in front of the back four and Colombia star Rodriguez to his left in a 4-3-3 shape, Madrid quickly assumed control of the game at the Cardiff City Stadium.
Bale and then Ronaldo, with a free-kick, saw efforts deflected narrowly off-target, before Bale’s outside-of-the-foot volley from a Rodriguez left-wing cross was blocked by a defender.
A misplaced pass by Daniel Carvajal gave Sevilla winger Vitolo a chance to shoot at goal, obliging Iker Casillas to save at his near post, but Madrid were soon back on the front foot.
After Federico Fazio headed a deflected cross from Fabio Coentrao off his own line and Sevilla goalkeeper Beto blocked sharply from Ronaldo, Madrid’s lavishly assembled forward line clicked into gear for what their fans hope will be the first goal of many.
When a Sevilla attack broke down, Ronaldo flashed a pass inside to Rodriguez, who immediately sprayed the ball wide to Bale on the left flank.
The Cardiff-born Welshman took a touch before sending a fine, searching cross towards the back post, where Ronaldo powered in to volley home.
Moments later, a shanked clearance from Rodriguez meant that Casillas had to save from Daniel Carrico, but Madrid were good value for their half-time advantage.
Ronaldo doubled his side’s lead, and his personal tally, four minutes into the second period, gathering a pass from Karim Benzema and walloping a left-foot shot past international colleague Beto.
Beto prevented Madrid from extending their lead by clawing away a shot from Benzema and then brilliantly blocking a crisp strike by Rodriguez, who made way for Isco with 18 minutes to play.
Beto also produced a late flying save to thwart Bale, who was unable to crown his return to Cardiff with a goal, but who has now won three titles in his first 12 months at Madrid.
“The big difference for Real Madrid was on the counter-attack,” said Sevilla coach Unai Emery.
“We didn’t have to face many of them, but they took advantage of the ones they had very effectively.”
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Director Hansal Mehta
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Three stars
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.”
The bio
Favourite book: Peter Rabbit. I used to read it to my three children and still read it myself. If I am feeling down it brings back good memories.
Best thing about your job: Getting to help people. My mum always told me never to pass up an opportunity to do a good deed.
Best part of life in the UAE: The weather. The constant sunshine is amazing and there is always something to do, you have so many options when it comes to how to spend your day.
Favourite holiday destination: Malaysia. I went there for my honeymoon and ended up volunteering to teach local children for a few hours each day. It is such a special place and I plan to retire there one day.
Five films to watch
Castle in the Sky (1986)
Grave of the Fireflies (1988)
Only Yesterday (1991)
Pom Poki (1994)
The Tale of Princess Kaguya (2013)
The specs
AT4 Ultimate, as tested
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