Jose Antonio Reyes: Former Arsenal and Sevilla winger dies in car crash


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Footballer Jose Reyes has been killed in a car accident, his former club Sevilla have confirmed.

The 35-year-old won the Premier League title with Arsenal, and was capped 21 times by Spain, during a successful playing career that saw him have two spells with Sevilla and also play for both Real Madrid and Atletico Madrid.

He had last played in La Liga in 2017 and played this season in Spain's second domestic tier with Extremadura UD.

He was part of Arsenal's 'Invincibles' side in 2003/04, and also won the Europa League with both Atletico and Sevilla.

Sevilla's Twitter account said: "We could not offer worse news. Our beloved squad member Jose Antonio Reyes died in a traffic accident. Rest in peace."

The emergency services in Andalusia and the authorities in the player's home town, Utrera, said Reyes died in an accident on the main road from Sevilla to Utrera. They said another member of his family also died and a third person was injured.

Spain captain Sergio Ramos, who is also from the province of Seville, came through the youth team just after Reyes and later played with him at Real Madrid also tweeted his grief.

"Broken. Shattered," wrote Ramos. "I have no words. All the affection for the family. We will always remember you, my friend! RIP brother."

Reyes won a European Under 21 title with Spain in 2002 and went on to play 21 times for Spain between 2003 and 2006, scoring four goals.

He won Premier League and FA Cup medals at Arsenal and came on as a late substitute when the Gunners lost the 2006 Uefa Champions League final to Barcelona.

He helped Sevilla win the Spanish second division in his first stint at the club. He won the Europa League five times, twice with Atletico Madrid and three times in his second spell at Sevilla.

He also won domestic league titles with Real Madrid and Benfica.

After leaving Sevilla in 2016, Reyes played for Espanyol, Cordoba and Xinjian Tianshan in China, before arriving at Extremadura this year as a free agent.

"With broken hearts we announce the news of our player Jose Antonio Reyes' death in a car crash and we ask for you to pray for his soul," Extremadura said.

Monchi, who overlapped with Reyes as a player at Sevilla and is now the club's director of football, also tweeted his sadness and referred to wingback Antonio Puerta, who died of a cardiac arrest playing for Sevilla in 2007.

"Impossible news to believe, impossible to digest, that hard my God," Monchi wrote . "What a left flank you are going to make, Antonio and you, up there."

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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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Alcohol contains about seven calories a gram. 

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Focus on gratitude: And do so deeply, he says. “Think of one to three things a day that you’re grateful for. It needs to be specific, too, don’t just say ‘air.’ Really think about it. If you’re grateful for, say, what your parents have done for you, that will motivate you to do more for the world.”

Know how to fight: Shetty married his wife, Radhi, three years ago (he met her in a meditation class before he went off and became a monk). He says they’ve had to learn to respect each other’s “fighting styles” – he’s a talk it-out-immediately person, while she needs space to think. “When you’re having an argument, remember, it’s not you against each other. It’s both of you against the problem. When you win, they lose. If you’re on a team you have to win together.” 

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The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.

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The number of Chinese people living in Dubai: An estimated 200,000

Number of Chinese people in International City: Almost 50,000

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