Pro-Trump rioters attack the Capitol building on January 6. AP
Pro-Trump rioters attack the Capitol building on January 6. AP
Pro-Trump rioters attack the Capitol building on January 6. AP
Pro-Trump rioters attack the Capitol building on January 6. AP

US Capitol Police training and intelligence errors faulted in insurrection probe


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A US Senate investigation into the January 6 riot at the Capitol found sweeping intelligence and law enforcement errors, including a lack of proper training and preparation for police who were unable to prevent protesters from breaching the building.

The report, released on Tuesday, found that Capitol Police had intelligence that an attack was possible but failed to communicate properly and faulted bureaucratic delays for a failure to quickly call in the National Guard.

This is the first bipartisan review of the attack on the Capitol, perpetrated by supporters of former president Donald Trump, but it does not address causes of the insurrection or Mr Trump’s role in it.

“It’s unsettling that our intelligence-gathering agencies lacked the ability to recognise the profound threat posed by domestic violent extremist groups,” said Senate Intelligence Committee chair Mark Warner, a Virginia Democrat.

The report – issued by Democrats Gary Peters and Amy Klobuchar and Republicans Rob Portman and Roy Blunt – does include, without comment, the full transcript of Mr Trump’s speech to supporters before the riot, in which he called on them to march to the Capitol.

“If you don’t fight like hell, you’re not going to have a country any more,” he said. These and other remarks led to allegations he had incited the violence.

Many Republicans, including Mr Blunt, have argued that this report, along with ongoing federal investigations, negates any need for a January 6 commission to further probe the causes of the riot.

A proposal to create such a commission was defeated in the Senate last month.

“The entities responsible for securing and protecting the Capitol complex and everyone on-site that day were not prepared for a large-scale attack, despite being aware of the potential for violence targeting the Capitol. The committees’ investigation to date makes clear that reforms to [the Capitol Police] and the Capitol Police Board are necessary to ensure events like January 6 are never repeated,” the report said.

The senators made a number of recommendations to prevent such violence in the future, including giving the Capitol Police chief authority to bring in the National Guard without waiting for the police department’s board to act.

It also allows for quick-reaction National Guard resources for special events.

“I would have hoped for the report’s recommendations to also acknowledge the unique and serious nature of such threats,” Mr Warner said in a statement.

“It’s my hope that my colleagues will take this issue seriously or we will not be able to effectively track and grapple with this ongoing national security threat.”

The report does not recommend building a permanent or retractable fence around the Capitol complex, as called for in a House-passed $2 billion emergency spending bill that stalled in the Senate.

The Capitol Police said in response to the report that reforms are necessary, including to “specific to intelligence analysis and dissemination”, but denied it had knowledge thousands of rioters were going to attack the Capitol.

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Favourite food: Japanese

Favourite car: Lamborghini

Favourite hobby: Football

Favourite quote: If your dreams don’t scare you, they are not big enough

Favourite country: UAE

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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.”

Bio:

Favourite Quote: Prophet Mohammad's quotes There is reward for kindness to every living thing and A good man treats women with honour

Favourite Hobby: Serving poor people 

Favourite Book: The Alchemist by Paulo Coelho

Favourite food: Fish and vegetables

Favourite place to visit: London