The new headmaster of Dubai College says the UAE branches of British private schools cannot yet match the quality of the country's established schools.
Dr Carlo Ferrario said Repton Dubai and planned new branches such as the UAE offshoot of Oundle School might not be able to compete with established schools immediately.
He made the comments three weeks after starting at Dubai College, where he replaced Eric Parton, headmaster for 18 years.
"A school cannot transplant from one environment into a totally alien environment and expect to be producing the same thing right from the start," Dr Ferrario said.
"Just because Repton has 450 years of tradition in the UK, that doesn't mean it will immediately reproduce that tradition. You don't create quality straight away. It takes time to establish a reputation. Dubai College has been doing that for 30 years."
Repton Dubai opened in 2007 as an overseas branch of Repton School in Derbyshire, UK, which dates back to 1557. Another prestigious British private school, Oundle, based in Northamptonshire, UK, plans to open in Dubai in 2009, and a third, Dulwich College, is interested in launching in the UAE.
Dubai College, which follows a British curriculum, was set up as an independent school and is not a branch of an overseas institution.
The opening of branch schools mirrors the situation in higher education. Many foreign universities have set up campuses in the UAE and several other institutions are due to open.
Dr Ferrario said he did not intend to criticise the new branch schools and added that Dubai's rapid growth meant there was "a place" for different types of schools.
"I don't feel Dubai College is threatened by the establishment of these schools because they will cater for different needs and expanding needs."
Dr Ferrario has extensive experience in the British private school system, having taught at Sherborne School in Dorset before becoming a deputy headmaster at Clifton College, Bristol, and St Benedict's School, Ealing. He described Dubai College as "very much" in the model of a British private school.
He himself was educated at a state-funded school, the London Oratory, which was attended by three children of the former British prime minister Tony Blair.
A geography graduate of Christ Church College, Oxford, Dr Ferrario has a PhD from University College London, where he studied the industrial and economic development in northern Italy in the 16th to 18th centuries.
He is "very open-minded" about Dubai College introducing the increasingly popular international baccalaureate (IB) examination, which has replaced A-levels as the final school qualification in many British schools.
"My ideal scenario would be to offer both. So many schools in Britain are taking up the IB that doing it is not against the British curriculum," he said.
He said the IB was externally managed and did not suffer the "government meddling" that people are "fed up" of seeing with the A-level.
"Some people feel it's offering something better balanced and more holistic. It has a wider range of subjects and pupils are challenged in different ways."
He described Dubai College as "probably the most successful school in Dubai" in terms of academic results, but said he was ambitious for further improvements.
The school, which takes children aged 11 to 18, is heavily oversubscribed, with about 450 applications each year for 120 places.
"I challenge people to look at how they do things and how can we make them better," he said.
"There are always ways. The school has a very established teaching population, but they have to be inspired to look at how they are doing and how can we do things better."
Dr Ferrario insisted, however, that academic success should not come at the expense of developing rounded individuals.
"We're not an exam factory, although others may believe we are. I have no sense of that," he said.
For the moment, Dr Ferrario is concentrating on the transition from being a deputy headmaster to headmaster.
"I found myself at the start thinking that I should be doing other things. I am so clued up to doing things a deputy head should be doing, but it's not my job to be doing these things," he said.
The "day-to-day management" of the school is carried out by deputy heads, leaving Dr Ferrario to concentrate on "strategic planning and vision".
"You change from being a manager to being a leader of the school. It takes time to drop the other things and adopt the mantle of the new role. It's a bit like dressing with new clothes," he said.
Repton Dubai and Oundle School were unavailable for comment on Dr Ferrario's remarks.
dbardsley@thenational.ae
Company Profile
Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million
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Match info
Liverpool 3
Hoedt (10' og), Matip (21'), Salah (45 3')
Southampton 0
ACL Elite (West) - fixtures
Monday, Sept 30
Al Sadd v Esteghlal (8pm)
Persepolis v Pakhtakor (8pm)
Al Wasl v Al Ahli (8pm)
Al Nassr v Al Rayyan (10pm)
Tuesday, Oct 1
Al Hilal v Al Shorta (10pm)
Al Gharafa v Al Ain (10pm)
COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
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Killing of Qassem Suleimani
Nepotism is the name of the game
Salman Khan’s father, Salim Khan, is one of Bollywood’s most legendary screenwriters. Through his partnership with co-writer Javed Akhtar, Salim is credited with having paved the path for the Indian film industry’s blockbuster format in the 1970s. Something his son now rules the roost of. More importantly, the Salim-Javed duo also created the persona of the “angry young man” for Bollywood megastar Amitabh Bachchan in the 1970s, reflecting the angst of the average Indian. In choosing to be the ordinary man’s “hero” as opposed to a thespian in new Bollywood, Salman Khan remains tightly linked to his father’s oeuvre. Thanks dad.
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.”
Watch live
The National will broadcast live from the IMF on Friday October 13 at 7pm UAE time (3pm GMT) as our Editor-in-Chief Mina Al-Oraibi moderates a panel on how technology can help growth in MENA.
You can find out more here
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ICC Awards for 2021
MEN
Cricketer of the Year – Shaheen Afridi (Pakistan)
T20 Cricketer of the Year – Mohammad Rizwan (Pakistan)
ODI Cricketer of the Year – Babar Azam (Pakistan)
Test Cricketer of the Year – Joe Root (England)
WOMEN
Cricketer of the Year – Smriti Mandhana (India)
ODI Cricketer of the Year – Lizelle Lee (South Africa)
T20 Cricketer of the Year – Tammy Beaumont (England)
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The specs: 2018 Jaguar F-Type Convertible
Price, base / as tested: Dh283,080 / Dh318,465
Engine: 2.0-litre inline four-cylinder
Transmission: Eight-speed automatic
Power: 295hp @ 5,500rpm
Torque: 400Nm @ 1,500rpm
Fuel economy, combined: 7.2L / 100km
Credits
Produced by: Colour Yellow Productions and Eros Now
Director: Mudassar Aziz
Cast: Sonakshi Sinha, Jimmy Sheirgill, Jassi Gill, Piyush Mishra, Diana Penty, Aparshakti Khurrana
Star rating: 2.5/5
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Based: Masdar City, ADGM, London and Delaware
Launch year: 2017
Size: A team of 12 with six employed full-time
Sector: Renewable energy
Funding: $500,000 in Series A funding from family and friends in 2018. A Series B round looking to raise $1.5m is now live.
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Stars: Lana Condor and Cole Sprouse
Rating: 3/5
Profile Periscope Media
Founder: Smeetha Ghosh, one co-founder (anonymous)
Launch year: 2020
Employees: four – plans to add another 10 by July 2021
Financing stage: $250,000 bootstrap funding, approaching VC firms this year
Investors: Co-founders
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