Anne-Marie Trevelyan outside 10 Downing Street. EPA
Anne-Marie Trevelyan outside 10 Downing Street. EPA
Anne-Marie Trevelyan outside 10 Downing Street. EPA
Anne-Marie Trevelyan outside 10 Downing Street. EPA

Rishi Sunak demotes Truss ally Trevelyan to junior foreign minister


Laura O'Callaghan
  • English
  • Arabic

Anne-Marie Trevelyan has been demoted from her role in the Cabinet and made a junior minister in Britain’s Foreign Office in a reshuffle by Prime Minister Rishi Sunak.

She previously served as transport secretary in Liz Truss’s administration and won praise for opening negotiations with rail unions in an attempt to end nationwide strikes.

Ms Trevelyan supported Ms Truss in the Conservative leadership race against Mr Sunak in the summer.

She was ousted from the prime minister’s top team in a reshuffle on Tuesday in which he handed top jobs to some of his loyal supporters.

It is not yet clear what remit Ms Trevelyan will have in the Foreign Office, which is led by Foreign Secretary James Cleverly. He previously served as Middle East minister, a role that has been vacant since February.

After Downing Street announced details of the reshuffle on Wednesday, Ms Trevelyan posted a message on Twitter saying she felt honoured to have been asked by the prime minister to serve in the Foreign Office.

“I am excited to have the opportunity to continue [to] champion our UK values and partnerships with friends and allies across the globe,” she said.

James Cleverly, the UK's foreign secretary, outside No 10 Downing Street. PA
James Cleverly, the UK's foreign secretary, outside No 10 Downing Street. PA

In her previous role of international trade secretary she launched negotiations for a comprehensive free trade deal between the UK and the Gulf Co-operation Council (GCC).

She visited Riyadh in June where she met Nayef Falah Al Hajraf, the GCC’s secretary general, and ministers from member countries to discuss a potential agreement.

Afterwards, she travelled to the UAE where she met Khaldoon Al Mubarak, chief executive of Mubadala Investment Company, Abu Dhabi’s strategic investment arm. She shared photos of their meeting on social media and said it was “great to talk” about global trade and “the huge investments opportunities across the UK”.

Talks with the GCC ― made up of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE ― are ongoing.

Chris Philp, another of Ms Truss's allies, was demoted from paymaster general to junior minister in the Home Office.

He had served as chief secretary to the Treasury and Cabinet Office minister in the Truss administration.

George Freeman was reappointed to the Department for Business, Energy and Industrial Strategy by Mr Sunak.

Mr Freeman was a prominent backer of Penny Mordaunt in the recent race for the Tory leadership but later urged her to drop out and back Mr Sunak. She quit after failing to secure enough nominations from MPs by Monday afternoon, and Mr Sunak was declared the winner.

Mr Freeman said it was a “privilege and honour” to serve in government, and said he would be responsible for overseeing science, technology and innovation in the department.

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Sim swap frauds are a form of identity theft.

They involve criminals conning mobile phone operators into issuing them with replacement Sim cards by claiming to be the victim, often pretending their phone has been lost or stolen in order to secure a new Sim.

They use the victim's personal details - obtained through criminal methods - to convince such companies of their identity.

The criminal can then access any online service that requires security codes to be sent to a user's mobile phone, such as banking services.

Five hymns the crowds can join in

Papal Mass will begin at 10.30am at the Zayed Sports City Stadium on Tuesday

Some 17 hymns will be sung by a 120-strong UAE choir

Five hymns will be rehearsed with crowds on Tuesday morning before the Pope arrives at stadium

‘Christ be our Light’ as the entrance song

‘All that I am’ for the offertory or during the symbolic offering of gifts at the altar

‘Make me a Channel of your Peace’ and ‘Soul of my Saviour’ for the communion

‘Tell out my Soul’ as the final hymn after the blessings from the Pope

The choir will also sing the hymn ‘Legions of Heaven’ in Arabic as ‘Assakiroo Sama’

There are 15 Arabic speakers from Syria, Lebanon and Jordan in the choir that comprises residents from the Philippines, India, France, Italy, America, Netherlands, Armenia and Indonesia

The choir will be accompanied by a brass ensemble and an organ

They will practice for the first time at the stadium on the eve of the public mass on Monday evening 

Keane on …

Liverpool’s Uefa Champions League bid: “They’re great. With the attacking force they have, for me, they’re certainly one of the favourites. You look at the teams left in it - they’re capable of scoring against anybody at any given time. Defensively they’ve been good, so I don’t see any reason why they couldn’t go on and win it.”

Mohamed Salah’s debut campaign at Anfield: “Unbelievable. He’s been phenomenal. You can name the front three, but for him on a personal level, he’s been unreal. He’s been great to watch and hopefully he can continue now until the end of the season - which I’m sure he will, because he’s been in fine form. He’s been incredible this season.”

Zlatan Ibrahimovic’s instant impact at former club LA Galaxy: “Brilliant. It’s been a great start for him and for the club. They were crying out for another big name there. They were lacking that, for the prestige of LA Galaxy. And now they have one of the finest stars. I hope they can go win something this year.”

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.”

If you go

The flights
There are various ways of getting to the southern Serengeti in Tanzania from the UAE. The exact route and airstrip depends on your overall trip itinerary and which camp you’re staying at. 
Flydubai flies direct from Dubai to Kilimanjaro International Airport from Dh1,350 return, including taxes; this can be followed by a short flight from Kilimanjaro to the Serengeti with Coastal Aviation from about US$700 (Dh2,500) return, including taxes. Kenya Airways, Emirates and Etihad offer flights via Nairobi or Dar es Salaam.   

Updated: October 28, 2022, 11:02 AM