Lionel Messi on target as Barcelona line up Champions League showdown with Bayern Munich - in pictures


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Barcelona insist they have as much chance as Bayern Munich of winning their Champions League quarter-final despite a far from convincing 3-1 win over Napoli.

First-half goals from Clement Lenglet, Lionel Messi and Luis Suarez sent Barca on their way into the 'Final Eight' tournament in Lisbon where they will face the German champions, who crushed Chelsea 4-1 for a 7-1 aggregate win in their last 16 second leg.

Barca's 4-1 aggregate win over Napoli was anything but convincing as Gennaro Gattuso's Italian side dominated the second half after Lorenzo Insigne scored at the end of the first.

Still, Barca coach Quique Setien said his side should not be underestimated against Bayern, who swept to a domestic double this season in contrast to the Catalans losing out on the Spanish title and failing to win any other silverware.

"It will be tough for us because they've had an excellent season and dominated their tie. It will be difficult for us but also for them. They are an excellent team, but so are we," Setien said.

Barca striker Luis Suarez added: "In a one-off game anyone has a chance, so it's perfectly balanced, 50/50. Bayern are a great team, one of the candidates to win the competition, but it's 11 versus 11 over 90 minutes."

Barca beat Bayern in the semi-finals in 2015, the last year they won the competition, which avenged a 7-0 thrashing on aggregate at the hands of the Germans in the last four in 2013.

The Catalans have been haunted in the last two years of the Champions League by their inability to see out comfortable first leg results, surrendering a 4-1 lead over AS Roma in 2018 and a 3-0 advantage over Liverpool last year.

Midfielder Sergi Roberto said the fact that ties will be played over one match rather than two, due to the competition being rescheduled due to the Covid-19 pandemic, means form will count for less.

"Every game is its own different world and that is true now more than ever. There are no favourites in this Champions League, anyone can win or lose a one-off game," he said.

"Every match will feel like a final so we are going to have to be very concentrated."

Former Bayern great Lothar Matthaeus, however, was less complimentary of Barcelona, saying the German champions were the overwhelming favourites to win next Friday's clash.

"Naturally Barcelona have enough quality to produce the best of themselves in one game, but I think Bayern will have to make many mistakes and do many things wrong to lose against this Barcelona," he told Sky Sport Germany.

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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.

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