Barcelona defender Jordi Alba, centre, celebrates with Neymar, left, and Luis Suarez after scoring during the Spanish Primera Liga match against Almeria on November 8, 2014, at Juegos Mediterraneos stadium in Almeria. Jorge Guerrero / AFP
Barcelona defender Jordi Alba, centre, celebrates with Neymar, left, and Luis Suarez after scoring during the Spanish Primera Liga match against Almeria on November 8, 2014, at Juegos Mediterraneos stShow more

Super sub Suarez brings Barcelona inspiration off the bench



Two assists from Luis Suarez inspired Barcelona to rally and snap a two-game losing streak in the Primera Liga with a 2-1 win at Almeria on Saturday.

Suarez had started the game on the bench alongside Neymar as Barca coach Luis Enrique made five changes from the side that beat Ajax 2-0 in midweek.

Both men were called into action at half-time after Thievy Bifouma had fired Almeria into the lead eight minutes before the break.

Suarez squared for Neymar to level the scores 18 minutes from time, and his cross then teed up Jordi Alba to seal the three points nine minutes later.

“Suarez gave a great assist to Neymar on the first goal and, on the second, he left me alone with the goalkeeper,” Alba said. “He has adapted well to the team.”

Enrique’s decision to make a host of changes handed Pedro Rodriguez and Munir El Haddadi a start alongside Lionel Messi in attack, but they did little to justify their selection, although Munir did force Ruben Martinez into a low save after the Almeria keeper had blocked Messi’s effort from close range.

Martinez had to be sharp to thwart Barca just before the half-hour mark as he scrambled to keep out Ivan Rakitic’s downwards header. From the rebound Messi nodded onto the crossbar.

The visitors were caught out eight minutes before half-time as Messi lost possession deep in the Almeria half. With one pass Barca were undone as Jonathan Soriano released Thievy and he raced past Marc Bartra before calmly slotting past Claudio Bravo.

Enrique had seen enough in the first 45 minutes and swiftly introduced Suarez and Neymar for Munir and Pedro.

It took 15 minutes for the substitutes to make an impact as Suarez acrobatically volleyed against the bar at the back post from a corner.Suarez was the creator when Barca did eventually level as he turned his marker just inside the area and squared for Neymar to turn the ball home via a deflection off Ximo Navarro.

The Uruguayan was inches away from his first Barca goal moments later as he spun and sent a low shot just beyond Martinez’s far post.

Suarez then teed up Messi to sent another looping header off the crossbar as the pressure from the Catalans continued. They found the winner eight minutes from the end when, after another burst from Suarez, he picked out the late-arriving Alba to bundle home his first goal of the season.

Messi, meanwhile, remained one goal shy of becoming the joint-top goalscorer in Primera Liga history was frustrated once more by Martinez in stoppage time, but Barca saw the game out to return to winning ways after back-to-back league defeats against Real Madrid and Celta Vigo

sports@thenational.ae

Follow us on Twitter at @SprtNationalUAE

How to help

Send “thenational” to the following numbers or call the hotline on: 0502955999
2289 – Dh10
2252 – Dh 50
6025 – Dh20
6027 – Dh 100
6026 – Dh 200

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.”

Company%20Profile
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Takestep%0D%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%20March%202018%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Mohamed%20Khashaba%2C%20Mohamed%20Abdallah%2C%20Mohamed%20Adel%20Wafiq%20and%20Ayman%20Taha%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Cairo%2C%20Egypt%0D%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20health%20technology%0D%3Cbr%3E%3Cstrong%3EEmployees%3A%3C%2Fstrong%3E%20%2011%20full%20time%20and%2022%20part%20time%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20pre-Series%20A%3C%2Fp%3E%0A