Tour captain will need to be a Lionheart in South Africa



Representing the Lions on tours of the Southern Hemisphere is a honour Gareth Edwards has cherished all of his life. The legendary Welsh scrum-half is eagerly looking forward to travelling with the class of 2009 to South Africa next summer in his role as ambassador for the tour sponsors HSBC. Edwards, who featured in a triumphant 1971 team in New Zealand and then took part in an unbeaten tour of South Africa three years later, stressed the importance of the role of the captain.

Edwards was in awe of Willie John McBride, the Lions captain on the second of those tours and a teammate on the first one. It will be hard for Ian McGeechan, the coach of next year's tourists to find such a commanding figure as that uncompromising Irish forward, but he believes the man who gets the nod will rise to the occasion. Three candidates stand out in the opinion of the experienced Edwards, who was capped on 53 occasions for Wales. His fellow Welshman Ryan Jones would have been a shoe-in for the role if the tour had taken place this year in the aftermath of a Wales grand slam in the Six Nations competition. A year on, Jones, in Edwards' opinion, faces his strongest competition from the Irish duo of Brian O'Driscoll, who endured a torrid injury-hit time when captaining the Lions in New Zealand in 2005, and the powerful lock forward Paul O'Connell.

There appears to be no realistic challenger from the Scottish ranks while Edwards feels the claims of England's Phil Vickery and Steve Borthwick have diminished during the turbulent period of transition under new coach Martin Johnson. "Ryan Jones was ticking all the boxes at the end of last season after the Welsh grand slam but you have to remember that team was nearly dead and buried at half time against England at Twickenham. So fortunes can change dramatically at this level," he said.

"He would be the first to say that he has not played as well as he did last year in the first few months of the season. But he showed glimpses of it against New Zealand [on Nov 22] so he could be back on the case. "Brian O'Driscoll is also back in contention. He is looking more of a threat now. Last year he wasn't quite there but he was only being measured against what we have come to expect from him. He has got the experience of being a Lion before, twice over, He would have been very disappointed with what happened to him in New Zealand. Will that be a motivating factor? I don't know.

"Then there is his Irish colleague Paul O'Donnell. He is also in with a good chance in my view. I think it is down to those three though." Edwards feels the role of Lions captain is more important than the national team captaincy because the man in charge has to embrace the different cultures of the four nations in a short space of time. "There are seven fixtures before the first Test match and the captain has to stamp his authority on the squad in that time," he said.

McBride had no problems asserting himself as a leader. "When he talked, you listened, it was as simple as that. His presence motivated the team. He was a big man who took the fight to the opposition. He took no nonsense. He was a peacemaker if needed but he could also look after himself." That begged the question about McBride's infamous call of "99" in South Africa in 1974 - a coded signal for the Lions to pile into their opposite numbers at the first hint of trouble on the field.

It was described at the time as "getting our retaliation in first" against the physical Springboks. "That was a myth," said a grinning Edwards when pressed about the 99 call. wjohnson@thenational.ae

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COMPANY PROFILE
Name: Akeed

Based: Muscat

Launch year: 2018

Number of employees: 40

Sector: Online food delivery

Funding: Raised $3.2m since inception 

The specs

Engine: Dual 180kW and 300kW front and rear motors

Power: 480kW

Torque: 850Nm

Transmission: Single-speed automatic

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FIXTURES

Fixtures for Round 15 (all times UAE)

Friday
Inter Milan v AS Roma (11.45pm)
Saturday
Atalanta v Verona (6pm)
Udinese v Napoli (9pm)
Lazio v Juventus (11.45pm)
Sunday
Lecce v Genoa (3.30pm)
Sassuolo v Cagliari (6pm)
SPAL v Brescia (6pm)
Torino v Fiorentina (6pm)
Sampdoria v Parma (9pm)
Bologna v AC Milan (11.45pm)

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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Squads

Sri Lanka Tharanga (c), Mathews, Dickwella (wk), Gunathilaka, Mendis, Kapugedera, Siriwardana, Pushpakumara, Dananjaya, Sandakan, Perera, Hasaranga, Malinga, Chameera, Fernando.

India Kohli (c), Dhawan, Rohit, Rahul, Pandey, Rahane, Jadhav, Dhoni (wk), Pandya, Axar, Kuldeep, Chahal, Bumrah, Bhuvneshwar, Thakur.

RACE CARD

6.30pm: Handicap (TB) $68,000 (Dirt) 1,600m

7.05pm: Meydan Sprint – Group 2 (TB) $163,000 (Turf) 1,000m

7.40pm: Curlin Stakes – Listed Handicap (TB) $88,000 (D) 2,200m

8.15pm: UAE Oaks – Group 3 (TB) $125,000 (D) 1,900m

8.50pm: Zabeel Mile – Group 2 (TB) $163,000 (T) 1,600m

9.25pm: Balanchine – Group 2 (TB) $163,000 (T) 1,800m

10pm: Al Shindagha Sprint – Group 3 (TB) $130,000 (D) 1,200m

Squid Game season two

Director: Hwang Dong-hyuk 

Stars:  Lee Jung-jae, Wi Ha-joon and Lee Byung-hun

Rating: 4.5/5

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