A Turkish girl gestures under a huge picture of modern Turkey's founder Mustafa Kemal Ataturk at a rally in Gundogdu Square in Izmir on August 4, 2016, protesting against the failed July 15 military coup attempt. Emre Tazegul / AFP
A Turkish girl gestures under a huge picture of modern Turkey's founder Mustafa Kemal Ataturk at a rally in Gundogdu Square in Izmir on August 4, 2016, protesting against the failed July 15 military cShow more

Turkey targets unlikely suspects in Gulen purge



ISTANBUL // History professor Candan Badem this week became an unlikely target of a government purge of followers of a US-based Islamic cleric blamed for an attempted coup in Turkey last month.
On Monday, he was told by the administration of Tunceli University, a state institution in the Eastern Anatolia region, that he was being suspended for three months. They accused him of being member of the secretive religious movement led by Fethullah Gulen.
Two days later, he was arrested and held for a day for having a book written by Mr Gulen in his office.
"My university office, home and cellphone were searched. After a day in custody I was released under judicial supervision with an international travel ban," Mr Badem tweeted after being released.
Mr Badem, 46, told The National he was astonished by the action against him as he is a staunch atheist and Marxist who has publicly criticised the Gulen movement. In a tweet last year he pointed out to Mr Gulen's western sympathisers that a passage from one of the cleric's books advocated death for apostates.
"As you can see from my tweets I am very openly atheist," he said, adding that he had even a filed a lawsuit to have his daughter exempted from mandatory religion classes.
Mr Baden was arrested hours after he spoke to The National on Wednesday. Under the emergency rule imposed by the government last month he could have been held for up to 30 days without being charged.
President Recep Tayyip Erdogan and the government insist that Mr Gulen and his supporters were behind the failed coup on July 15 that claimed the lives of at least 250 people.
Since then, more than 60,000 people have been detained, suspended or placed under investigation, in an effort to dismantle what the government describes as a "parallel state" formed by the Gulenists, who are thought to include members the military, judiciary, police force and state bureaucracy.
On Friday, industry minister Faruk Ozlu announced the dismissals of 167 staff at the Scientific and Technological Research Council.
Like Mr Badem, many others caught up in the purge seem highly unlikely to have any connection with the cleric and his followers, whom the government refers to as the Fethullah Gulen Terrorist Organisation.
Among them is Bulent Mumay, one of dozens of journalists for whom detention warrants were issued late last month on suspicion of links to the group. While most of the journalists were employed by media outlets close to Mr Gulen, Mumay has long maintained a critical stance against the cleric's movement. He was arrested on July 26 and released several days later.
"It's like accusing the pope of being an atheist. I was surprised and so angry," Mumay told The National.
"It's a very bad message to the rest of the media. Even if you don't have links to the Gulenists, they can still arrest you."
Ari Hergel, a Turkish-Armenian guitar instructor, was removed from his position with the Istanbul Metropolitan Municipality Artistic and Vocational Courses for alleged connections to the Gulen movement. Mr Hergel was informed of the decision via text message on July 22, he told the Agos newspaper last week. Though just one of thousands booted from their jobs, Mr Hergel's sacking made news because of the improbability of an Armenian being part of an Islamic movement with Turkish nationalist overtones.
In Mr Badem's case, he admitted it was possible his detention was because he was a thorn in the side of the government and his employer.
"I am a well known opponent in Dersim [the historic name of Tunceli province] of the government and the university administration," he said.
"I have a lawsuit against the university administration and against president Erdogan."
On July 20 Mr Badem was removed from his position as department head because he was being investigated over a petition he signed earlier this year to demand an end to military operations against the outlawed Kurdistan Workers Party (PKK) in the Kurdish majority south-east because civilians were being affected.
The petition infuriated president Erdogan, who said it was pro-PKK, and investigations were launched against the more than 1,000 academics who signed it.
Mr Badem and three other academics are now suing Mr Erdogan for insulting them in his reaction to the petition.
He believes that purges of those with no connection to the Gulen movement will continue.
"Anything is possible," he said.
foreign.desk@thenational.ae

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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.”

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