Pakistani left-arm paceman Mohammad Amir, left, is getting support from his mentor, Asif Bajwa, who is asking the ICC to review the 19 year old's five-year ban for spot-fixing.
Pakistani left-arm paceman Mohammad Amir, left, is getting support from his mentor, Asif Bajwa, who is asking the ICC to review the 19 year old's five-year ban for spot-fixing.

Mohammad Amir's mentor confident ICC will review five-year ban



ISLAMABAD // Mohammad Amir's mentor urged the International Cricket Council (ICC) on Thursday to review the fast bowler's five-year ban for spot-fixing.

Asif Bajwa, who helped mould Amir from a village bowler into a world class left-arm paceman, said the 19 year old had admitted his mistake and should not be deprived of cricket until 2015.

Amir blamed the former captain Salman Butt for manipulating him into bowling two deliberate no-balls against England that led to his playing ban and three months in jail.

In an interview last week, Amir said he had been receiving great support from his family and "especially my sir [Bajwa]".

Amir will still only be 23 when his ban expires, but Bajwa wants to see his student back in international cricket by next year.

"Five years is too long a period," Bajwa said. "He is not going into an appeal in the Court of Arbitration for Sport, he has admitted his mistake and he has already served nearly two years of his punishment.

"I am quite confident that ICC will review its decision of a five-year ban."

However, Haroon Lorgat, the ICC chief executive, said that Amir should focus on his rehabilitation, not on reducing the ban.

"Part of the sanction he received from the ICC tribunal was to educate himself and for him to educate others," Lorgat told ESPN CricInfo. "So let us do all the necessary building blocks before we get to a point where anyone could ask, 'Does he now deserve a review?"'

Zaka Ashraf, the Pakistan Cricket Board chairman, has promised to conduct a rehabilitation programme for Amir. The five-year ban will run until September 2015.

Bajwa spotted Amir as an 11 year old boy in a village nearly 15 kilometres from Rawalpindi - a city where the former Test fast bowler Shoaib Akhtar learned his cricket.

Amir said he regarded Bajwa as "a father".

"I respect him and always will for playing a huge role in my life," he said. "I will never forget this and even now in this difficult period when lots of people desert you, he has continued to support me from the first day until now in exactly the same way as before."

Amir stayed in Bajwa's cricket academy for nearly five years before he was selected in Pakistan's Under 19 team.

While some former Test cricketers in Pakistan have questioned Amir's allegations against Butt, the fast bowler got support from India's former Test captain Rahul Dravid.

"Amir's is a superb player and when he has served his ban, I'd hope he'd be able to come back," Dravid said.

"We all want him to come back at some stage and I don't know whether that's ... it's going to be a challenge. I hope he can do it; it would be great if he can."

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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