New Zealand's Sonny Bill Williams, right, walks from the field after he was sent off during the second rugby Test against the British & Irish Lions in Wellington, New Zealand on July 1, 2017. Mark Baker / AP Photo
New Zealand's Sonny Bill Williams, right, walks from the field after he was sent off during the second rugby Test against the British & Irish Lions in Wellington, New Zealand on July 1, 2017. Mark Baker / AP Photo
New Zealand's Sonny Bill Williams, right, walks from the field after he was sent off during the second rugby Test against the British & Irish Lions in Wellington, New Zealand on July 1, 2017. Mark Baker / AP Photo
New Zealand's Sonny Bill Williams, right, walks from the field after he was sent off during the second rugby Test against the British & Irish Lions in Wellington, New Zealand on July 1, 2017. Mark Bak

Rugby Championship: Frustrated Sonny Bill Williams 'raring' to take on Wallabies in Sydney


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Opening Rugby Championship fixtures: Games can be watched on OSN Sports
Saturday: Australia v New Zealand, Sydney, 1pm (UAE)
Sunday: South Africa v Argentina, Port Elizabeth, 11pm (UAE)

The likely return of Sonny Bill Williams for New Zealand's Rugby Championship opener against Australia after a four-match ban on Saturday should be an opportunity for the centre to shake off more than a year of frustration.

Williams was originally ruled out of the August 19 clash when he was suspended following his dismissal for a dangerous shoulder charge on British & Irish Lions winger Anthony Watson in the second Test of the three-match series last month.

The 32-year-old midfielder, however, was cleared to play two weeks ago after a convoluted appeals process ended controversially with World Rugby expressing their surprise at the decision.

All Blacks assistant coach Ian Foster said that with the process complete, Williams was now anxious to just get out and play against the Wallabies.

"He's certainly raring to go," Foster told reporters in Sydney. "He's done his four-game suspension. It's been an awkward time for him, its been tough.

"But he's made sure that he has used that time smartly, he's trained well and been able to get on top of a couple of niggles.

"He's back charging around, you've got to sort of hold him back a little bit."

New Zealand fans will be pleased to see Williams champing at the bit if he is selected, as expected, to partner Ryan Crotty in the midfield on Saturday.

All Blacks coach Steve Hansen has been looking for a settled midfield partnership since the international retirements of Ma'a Nonu and Conrad Smith after the 2015 World Cup and the Williams-Crotty axis was seen as their potential successors.

Williams, however, chose to concentrate on rugby sevens last year and then ruptured his Achilles tendon in his first match at the Rio Games.

That meant he had a late return to Super Rugby with the Auckland Blues this year and he looked rusty earlier this season.

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He has since battled a series of other niggling injuries but was working his way back into the rhythm of the game by the time he and Crotty started the first Lions Test on June 24.

Crotty's hamstring injury during that game and then Williams' red card, the first All Blacks player to be sent off in a Test in 50 years, has meant Hansen has not been able to field his preferred combination.

The Sydney match, which doubles as the first Bledisloe Cup encounter of the year, therefore should provide an ideal launching pad for Williams to narrow his focus on what is likely to be his last World Cup in Japan in 2019.

"His eyes are on one task and that's us doing well on Saturday," Foster said. "He's doing everything he can for this team to make sure we prepare well."

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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Opening Rugby Championship fixtures: Games can be watched on OSN Sports
Saturday: Australia v New Zealand, Sydney, 1pm (UAE)
Sunday: South Africa v Argentina, Port Elizabeth, 11pm (UAE)