Final round
25 under - Antoine Rozner (FRA)
23 - Francesco Laporta (ITA), Mike Lorenzo-Vera (FRA), Andy Sullivan (ENG), Matt Wallace (ENG)
21 - Grant Forrest (SCO)
20 - Ross Fisher (ENG)
19 - Steven Brown (ENG), Joakim Lagergren (SWE), Niklas Lemke (SWE), Marc Warren (SCO), Bernd Wiesberger (AUT)
Antoine Rozner saved his best for last to win the first Golf in Dubai Championship at the Fire Course on Saturday.
The Frenchman produced a stunning eight-under-64 in the final round to clinch the title by two shots ahead of a group of four runners-up; England’s pair Andy Sullivan and Matt Wallace, Mike Lorenzo-Vera of France and Italian Francisco Laporta.
Rozner, 27, fired six birdies and an eagle to come home 25 under for scores of 63, 69, 67 and 64 across the four days.
In the final round, he sank three birdies on the front nine, began the back nine with successive birdies and the eagle on the 13th, but bogeyed the 15th before rounding off in style with birdies on the 16th and 18th.
“I don’t really know how to explain my feelings right now,” Rozner said of his victory at the Jumeirah Golf Estates.
“I was close to winning twice this year, in Mauritius and Valderrama. So to get it done today in such a good fashion with an eight under last round – I’m just really happy with how I played today. To get it done like this was an amazing feeling.”
Rozner now has momentum on his side for next week’s DP World Tour Championship at the adjoining Earth Course.
“Very excited because I didn’t get into any Rolex Series events this year,” the Frenchman said.
“To get into the DP World, the biggest tournament of the year and the last one of the year, it will be really nice for me to be able to compete at the next level.”
Talking about his second shot at the 18, Rozner said everything came together perfectly when it mattered.
“I think it was 234 metres to the pin. I wanted to carry 220 and I had the perfect club for this, my three-iron,” he said.
“I was a bit pumped up as well but there was wind into, I just hit a really good three iron. It’s funny because I just changed this club this week, it’s a new three-iron.
“It was a really good shot and I was happy to make a birdie on the last.”
Sullivan, who carded a new course record 61 in the opening round and led for three days and for most of the final round, began the day with a birdie on the first hole to stretch his lead to three shots.
However, he ended the day on two-under after carding four birdies and two bogeys on the eighth and the 16th.
Grant Forrest returned with the day’s best nine under to finish sixth ahead of England’s Ross Fisher, the joint second overnight, in seventh.
“It’s massive,” Scot Forrest said. “It’s been the goal for the whole year and I got off to a good start before all of this kicked off and then I’ve not really played my best since we started playing again.
“Coming into this week I knew I probably needed at least top five. I set myself a target of 20 under and I was a bit disappointed with yesterday’s round.
“I left a few shots out there coming in and today was one of those days where everything went for me. I putted really well and I got away with a couple of bad shots too.”
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MATCH INFO
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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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Appearances 230
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Director: Siddharth Anand
Cast: Hrithik Roshan, Tiger Shroff, Ashutosh Rana, Vaani Kapoor
Rating: Two out of five stars
Company Profile
Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
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Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
Final round
25 under - Antoine Rozner (FRA)
23 - Francesco Laporta (ITA), Mike Lorenzo-Vera (FRA), Andy Sullivan (ENG), Matt Wallace (ENG)
21 - Grant Forrest (SCO)
20 - Ross Fisher (ENG)
19 - Steven Brown (ENG), Joakim Lagergren (SWE), Niklas Lemke (SWE), Marc Warren (SCO), Bernd Wiesberger (AUT)