Princes William and Harry will walk behind the queen’s coffin on Wednesday as the cortege makes its way to Westminster Hall, in echoes of the funeral of their mother, Princess Diana, 25 years ago.
The two princes will join King Charles III, Prince Andrew, Princess Anne and Prince Edward, following the coffin on foot as it makes its way to Westminster.
Princess Anne’s son Peter Phillips and her husband, Vice Adm Sir Tim Laurence, will also walk in the procession, as well as Prince Richard, the Duke of Gloucester, and David Armstrong-Jones, the Earl of Snowdon.
Queen Consort Camilla, Catherine, the Princess of Wales, Sophie, the Countess of Wessex, and Meghan, the Duchess of Sussex, will travel by car.
The sombre walk will no doubt stir memories for the princes of the funeral of Princess Diana, when the brothers joined Prince Philip, Earl Spencer and Prince Charles, as he was at the time, to lead the procession.
The duke of Sussex spoke about the lasting impact the walk had on him in a documentary series on mental health released last year.
He was only 12 when he joined the walk, "sharing his grief with the world".
Prince Harry said: “For me, the thing I remember the most was the sound of the horses' hooves going along the pavement. Along The Mall, the red brick road. By this point I was, both of us were, in shock.”
He said he was doing “what was expected of me” even though he was experiencing profound grief.
“It was like I was outside of my body,” he said.
“Showing one 10th of the emotion that everybody else was showing. I thought, ‘This is my mum. You never even met her’.”
Wednesday’s procession will leave the palace at 2.22pm, making its way along The Mall, Horse Guards Road, across Horse Guards Parade and on to Whitehall to Parliament Square and into the Palace of Westminster, arriving about 3pm.
A service lasting about 20 minutes will be led by the Archbishop of Canterbury, Justin Welby, accompanied by David Hoyle, the Dean of Westminster.
The doors to Westminster Hall will then be opened, allowing the public to file past to pay their respects to the queen from 5pm.
The hall will be open round the clock until early on Monday, the morning of the queen’s funeral.
Organisers expect thousands to attend to pay their respects, and have prepared for queues of up to eight kilometres in length.
They are warning people to prepare for a long and physically demanding wait, with few opportunities to sit down.
Everyone arriving at the hall will be issued with wristbands, which will allow them to pop out for a short time for food or drink.
The queen's coffin will be guarded round the clock until the funeral by members of the Household Division or Yeoman Warders of the Tower of London, who are the sovereign's bodyguards.
Rajasthan Royals 153-5 (17.5 ov)
Delhi Daredevils 60-4 (6 ov)
Rajasthan won by 10 runs (D/L method)
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Champions parade (UAE timings)
7pm Gates open
8pm Deansgate stage showing starts
9pm Parade starts at Manchester Cathedral
9.45pm Parade ends at Peter Street
10pm City players on stage
11pm event ends
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.”
Cricket World Cup League 2
UAE squad
Rahul Chopra (captain), Aayan Afzal Khan, Ali Naseer, Aryansh Sharma, Basil Hameed, Dhruv Parashar, Junaid Siddique, Muhammad Farooq, Muhammad Jawadullah, Muhammad Waseem, Omid Rahman, Rahul Bhatia, Tanish Suri, Vishnu Sukumaran, Vriitya Aravind
Fixtures
Friday, November 1 – Oman v UAE
Sunday, November 3 – UAE v Netherlands
Thursday, November 7 – UAE v Oman
Saturday, November 9 – Netherlands v UAE
Mohammed bin Zayed Majlis
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