Jonathan Quick will be USA's starter against Slovakia on Thursday. Laszlo Balogh / Reuters
Jonathan Quick will be USA's starter against Slovakia on Thursday. Laszlo Balogh / Reuters

Jonathan Quick gets the nod as starting goalie for USA hockey’s first Olympic game



Jonathan Quick was sitting and stretching before practice when US hockey coach Dan Bylsma skated toward him. Bylsma leaned over and told him he was starting against Slovakia in the Americans’ Olympic opener Thursday.

“I’m fortunate for the opportunity,” Quick said. “And I’ll just try to make the most of it.”

Bylsma declined to say who will be the team’s goaltender for the other preliminary-round games, which includes a key matchup with Russia on Saturday.

“We have plans for Game 1,” Bylsma said Wednesday after practice.

Quick is getting the nod instead of Ryan Miller and Jimmy Howard.

Miller helped the Americans win silver and was the Most Valuable Player of the hockey tournament at the 2010 Olympics when Quick was their No 3 goalie.

Quick won the Conn Smythe as MVP of the 2012 Stanley Cup play-offs when he helped the Kings become the only eighth-seeded team to win a championship.

“He’s a great goalie and he’s going to do great for us,” Miller said. “We’ll see where it goes from here and I’ll be ready to play.”

Quick hasn’t been at his best this season.

His save percentage ranks 29th among NHL goalies and he was out for nearly two months with a groin injury before returning to play in early January.

Miller ranks 10th in save percentage despite playing for the Buffalo Sabres, who easily have the worst record in the league.

Howard, who has been out during two stretches of the season with an injured left knee, is not expected to be in uniform much if at all during the Sochi Games. He ranks 24th in the NHL in save percentage, but has four-plus years of experience as a No 1 goaltender for the Detroit Red Wings.

“We’re dealing with a position of strength when it comes to the goaltender decision,” Bylsma said.

Quick said it was a casual conversation with Bylsma when he found out he would make his first Olympic start.

“We’ve got a few great goalies here,” Quick said. “Each one probably deserves to play and can make a case for each of them in their own right. So, regardless of what his decision was, whatever your role is, you’re just trying to do what you can to help your team.”

La Mer lowdown

La Mer beach is open from 10am until midnight, daily, and is located in Jumeirah 1, well after Kite Beach. Some restaurants, like Cupagahwa, are open from 8am for breakfast; most others start at noon. At the time of writing, we noticed that signs for Vicolo, an Italian eatery, and Kaftan, a Turkish restaurant, indicated that these two restaurants will be open soon, most likely this month. Parking is available, as well as a Dh100 all-day valet option or a Dh50 valet service if you’re just stopping by for a few hours.
 

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.”

A State of Passion

Directors: Carol Mansour and Muna Khalidi

Stars: Dr Ghassan Abu-Sittah

Rating: 4/5

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
Greatest of All Time
Starring: Vijay, Sneha, Prashanth, Prabhu Deva, Mohan
Director: Venkat Prabhu
Rating: 2/5