Washington Wizards guard and Team USA player Bradley Beal shown during a USA Basketball showcase in Las Vegas, Nevada on Friday. Ethan Miller / Getty Images / AFP / August 1, 2014
Washington Wizards guard and Team USA player Bradley Beal shown during a USA Basketball showcase in Las Vegas, Nevada on Friday. Ethan Miller / Getty Images / AFP / August 1, 2014

For players like Beal and Okafor, Fiba Under 17s were start of something big



Sometime during the Fiba Under 17 World Championships in Dubai, a handful of players will begin to emerge as future stars.

The MVP of the first iteration of the tournament in 2010, Bradley Beal, is already a minor star in the NBA with the Washington Wizards. The 2012 MVP, Jahlil Okafor, is preparing to enter his freshman season at Duke University, a perennial American college basketball powerhouse.

In just a short period of time, the Fiba Under 17s have proven fertile ground for the globe’s top developing basketball talent.

"I just learned so much. That two-to-three week period of playing with Team USA, battling my own teammates in practice, playing against the best of the best, that really elevated my game," Okafor told The National via e-mail. "And then we had top-notch coaches that taught me all the little things of basketball – defence, communicating, all that stuff – so that really helped me elevate my game, too."

It’s not just the Americans benefiting from participation, either. While the likes of emerging NBA players like Andre Drummond and Michael Kidd-Gilchrist featured for Team USA, plenty of international players from that original tournament have also graduated to bigger and better things.

Canada’s Anthony Bennett went on to be the top overall pick in the 2013 NBA draft and his teammate Andrew Wiggins was taken with the first selection this year. Spain’s Dani Diez has earned a regular place in Real Madrid’s squad, as well, and China’s Wang Zhelin has become one of the top contributors in the Chinese Basketball Association with Fujian Sturgeons.

“I think (the tournament) does help the game grow. When I was over there, I was impressed by a lot of the players overseas I was unfamiliar with,” said Okafor. “I remember talking to the USA coaches and they were telling me a lot of these guys are going to be lottery picks and stuff like that. It’s just great to see the game expand all across the world.

“I think they play a lot smarter than we do. We rely on our athletic ability, and they think the game through – move without the ball – a lot of different things that I wish we did a little bit better. They think the game through more than we do.”

Beal, who averaged 17.1 points per game for the Wizards last season, also took notice of the quality from around the world he was competing against.

“It was terrific. A lot of those guys from those different countries can play in the NBA. There were a lot of talented guys there,” he told the Fiba website in June. “It made me mentally and physically tough.”

Okafor, who was the top-ranked recruit by ESPN in the US for the 2014/15 freshman class, said the tournament at that point in his career represented his most significant basketball experience.

For him and the rest of the young players who will hit the court over the next 10 days in Dubai, this is the first major step on a path that just may lead to stardom.

“It was very important to me. It was a good opportunity to represent Team USA. It was one of my proudest moments and one of my father’s and family’s, also. Being able to play for Team USA and win a gold medal, it meant everything to me,” said Okafor.

“It was a lot of fun, a lot of fun. I had Tyus Jones with me, who is my teammate now, and Justise Winslow. I was able to create a bond with them that’s everlasting, and, to this day, we’re all close. It’s been a lot of fun. We were able to win, so that just made everything better.”

Not just for Americans

A few players who featured in the first Fiba Under 17 World Championships tournament, in 2010, have found early professional success. In addition to American NBA players like Bradley Beal, Andre Drummond and Michael Kidd-Gilchrist, these internationals have begun to leave their own impact on the global game.

Anthony Bennett, Canada: After earning an honorable mention selection to the college All-American team in 2013, Bennett was taken first overall by the Cleveland Cavaliers in the draft. Struggled for most of his rookie season in the NBA but improved some late in the year.

Andrew Wiggins, Canada: Wiggins followed in the footsteps of his 2010 teammate with the bronze medal-winning Canadians by being taken first overall in this year's draft by the same Cavaliers. After a second-team All-American season at the University of Kansas, he's now being talked about as the prize Minnesota may require from Cleveland in a Kevin Love trade.

Dani Diez, Spain: Led the 10th-place finishing Spaniards in scoring before going on to establish himself over the past couple years at Real Madrid. Played in 22 Euroleague games last season and shot 60 per cent.

Wang Zhelin, China: Overshadowed by teammate Guo Ailun at the time, who led the tournament in scoring, Wang has played in 65 Chinese Basketball Association games the last two seasons for Fujian Sturgeons and averaged 21.5 points per game.

Mateusz Ponitka, Poland: Finished second at the tournament in scoring for the surprise silver-medal winning Poles. Now considered the top international prospect born in 1993 by the basketball website draftexpress.com. Scored 8.9 points per game for Belgian club BC Oostende in the second-tier Eurocup last season.

Nenad Miljenovic, Serbia: Led fifth-place Serbia in scoring in 2010 before embarking on his pro career with Belgrade-based Mega Vizura. Considered the No 2 prospect from 1993 by draftexpress.com after scoring 9.7 points per game in the Balkan-encompassing Adriatic League.

2012 stars: The last tournament boasts a few notables already, too. Australia's Dante Exum was taken fifth by the Utah Jazz in this year's draft and France's Damien Inglis went 31st to the Milwaukee Bucks. Egyptian centre Anas Osama Mahmoud will play his freshman season at top American college team Louisville University this year, as well.

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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.

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“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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