Kostas Manolas sent Roma through to the semi-finals of the Champions League after an incredible 3-0 victory over Barcelona at the Stadio Olimpico on Tuesday saw them overhaul a 4-1 first-leg deficit and advance on away goals.
Manolas, who along with captain Daniele De Rossi scored the two own goals at the Camp Nou that looked to have sent Roma out, was mobbed by his delirious teammates after glancing home a brilliant headed winner with eight minutes left that sent the Roma supporters into raptures and left a dazed and confused Barca wondering what had hit them.
“All that counts is that we got to the semi-finals against the best team on the planet,” Manolas said after a historic night for the Serie A club, who have made it through to the last four of Europe’s top competition for the first time in three decades.
“We all believed, we didn’t think about the first leg and unfortunate episodes.”
It was last week’s other own goal villain De Rossi who got the home fans believing in the impossible when he converted the penalty that made it 2-0 13 minutes after the break.
The local hero was also the architect of the brilliant Edin Dzeko’s sixth-minute opener, floating a pinpoint pass that the Bosnian took down expertly and poked past Barcelona keeper Marc-Andre ter Stegen.
“Just imagine what this triumph means for us,” said De Rossi.
“It’s about as much as I could have hoped for tonight.”
Just as they were at the Camp Nou, Roma were aggressive from the off, and Dzeko gave the home side a deserved early lead, brilliantly bringing down De Rossi’s clipped through ball and holding off Samuel Umtiti to score.
Roma doubled their tally in the 58th minute when Dzeko was chopped down by Gerard Pique and De Rossi slotted home the spot-kick.
Eusebio Di Francesco’s side smelled blood, and with the raucous crowd urging their team they tore into wobbling Barca.
De Rossi flashed a header wide in the 69th minute, and 10 minutes later it looked like Ter Stegen had saved the away side’s skin with an incredible close-range stop from Stephan El Shaarawy.
However with just seven minutes left Manolas met another fizzing Aleksandar Kolarov corner with an unsaveable header, sparking wild celebrations on and off the pitch.
Barca finally came out of their shells as Roma tried to hold on to the result, but the hosts held on brilliantly to see the result out and go through to the semis for the first time since 1984, when they lost the final at home to Liverpool, Tuesday’s other victors.
“I am responsible. I make the team, I prepare it. That is the case if we win or lose. I put out the same team as last week,” said Barca coach Ernesto Valverde.
“It is a painful defeat. We wanted to keep going. Now we must lick our wounds. There are other competitions and we must try to win them because we have won nothing yet.”
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Greatest of All Time
Starring: Vijay, Sneha, Prashanth, Prabhu Deva, Mohan
The specs
Engine: 1.6-litre 4-cyl turbo
Power: 217hp at 5,750rpm
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Transmission: eight-speed auto
Price: from Dh130,000
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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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BIO
Favourite holiday destination: Turkey - because the government look after animals so well there.
Favourite film: I love scary movies. I have so many favourites but The Ring stands out.
Favourite book: The Lord of the Rings. I didn’t like the movies but I loved the books.
Favourite colour: Black.
Favourite music: Hard rock. I actually also perform as a rock DJ in Dubai.