Ryan Babel of Al Ain. Anas Kanni / Al Ittihad
Ryan Babel of Al Ain. Anas Kanni / Al Ittihad

Ryan Babel vows to ‘do my very best’ to win over fans after rocky start to life at Al Ain



AL AIN // Ryan Babel has asked Al Ain supporters for one last chance to prove himself after he was disciplined by the club for his use of social media.

The former Liverpool forward, who signed for the UAE champions in the summer on a two-year contract, has struggled to win over the Al Ain support and was last week embroiled in another heated exchange on Twitter.

Babel, 28, has been heavily criticised for his performances since joining from Turkey’s Kasimpasa, having only scored one goal in five Arabian Gulf League appearances. Al Ain, though, sit top of the table after seven rounds.

However, on Friday, Babel retaliated to criticism by posting an image on his Twitter account of him in action for Al Ain with the hashtag “Babel Out”. It prompted a strong reaction from the club’s fans.

The following day, they confronted Babel at training, which in turn led to Zlatko Dalic, the coach, speaking to supporters in the stands to diffuse the situation.

Al Ain held a meeting with Babel on Saturday, where they warned him about his future conduct. There has been speculation that the Dutchman has been fined 40 per cent of his weekly wage and made to train with the Under 21 team.

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Speaking in a statement released by the club, Babel said: “Things are clear to me after today’s meeting during which I discovered that I have overstepped the mark due to lack of understanding, but not intentionally. We are one family here and no one wants to insult anyone on purpose. I hope that my apology is accepted by Al Ain fans and I’m ready to accept any decision taken by the club.”

The meeting with the Al Ain management also discussed his performances so far this season. Babel has played 10 matches in all competitions, scoring twice.

“I know I have not performed at 100 per cent until now and I promise everyone that I will do my very best in the coming period and I await the fans support for myself and the rest of the team,” Babel said.

“I hope that Al Ain’s supporters can trust me. Given another, last chance I have no doubts that you will back me when I wear the Al Ain shirt so that I can perform to your expectations. As a team we will be stronger and can win titles domestically and on the continent.

“No player can be at his best for a whole season, at some points he needs the backing of the fans during the difficult time times. If we are united, we will reach our goals.”

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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.”