Former world boxing champion Amir Khan feared his “kids would grow up without their dad” during the gunpoint robbery of his £70,000 ($85,000) diamond-encrusted watch.
The 2004 Olympic silver medallist, 36, was targeted as he and his wife, Faryal Makhdoom, 31, left the Sahara Grill restaurant in Leyton, east London, on April 18 last year.
A trial at east London’s Snaresbrook Crown Court heard how he was forced to hand over his bespoke, rose gold, diamond-encrusted Franck Muller watch, a gift following a boxing match, worth between £60,000 to £70,000, by gunman Dante Campbell, 20.
Mr Khan, who was a unified world champion at light-welterweight, previously told the court the robber pointed a gun in his face and said: “Take off the watch.”
The Bolton-born boxer, who retired last year with a professional record of 34 wins from his 40 fights, has now opened up about the ordeal in an interview with the Sun on Sunday.
He told the paper: “In that moment, you think the worst … that the kids could be growing up without their dad, that Faryal would be raising them on her own.
“Your life flashes before your eyes. I leant my head to the right because I thought, if he is going to shoot me, he can shoot the side of my head. I don’t want to see the bullet coming.”
Gunman Campbell, of Hornsey, and getaway driver Ahmed Bana, 25, of Tottenham, both in north London, admitted conspiracy to commit robbery and possession of an imitation firearm during a trial at Snaresbrook Crown Court.
They will be sentenced on a date to be fixed.
At Snaresbrook Crown Court on Friday, Ismail Mohamed, 24, of Edmonton, and Nurul Amin, 25, of Harringay, both in north London, were unanimously acquitted by a jury of conspiracy to rob Mr Khan.
Prosecutors had claimed Mohamed and Amin acted as “spotters”, dining in the restaurant to keep track of Mr Khan’s movements and relay them by phone to Bana.
Mr Khan, who has been confirmed for the upcoming I’m A Celebrity… Get Me Out Of Here! all-stars ITV series in South Africa, told the Sun on Sunday: “It was the first time I’ve ever seen a gun in my life. I could see down the barrel.
“I remember looking back seeing where my wife was. She ran back on the road and screamed ‘help!’
“At the time, I didn’t know what he wanted. I thought maybe this is a prank. I just took off the watch, he grabbed it.”
He added: “People said after, ‘You should’ve fought them’. Are they stupid? I’ve got a family. It’s only a watch. My life means more to me.
“When you have kids, you have a priority to make sure they are looked after. I am the breadwinner for the family. If I was with the kids, I don’t know what I would’ve done. Maybe I would have panicked and tried to run.”
His wife reportedly added: “I thought we were going to die on the spot.”
Mr Khan said he had been shopping in the Knightsbridge area while his influencer wife was doing a photoshoot, before the couple ate dinner with his friend Omar Khalid, breaking the Ramadan fast.
The robbery, which lasted just seconds, happened after they left the restaurant.
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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