A man who tackled the Fishmongers’ Hall terror attacker in 2019 has been honoured at a ceremony at Windsor Castle.
Lukasz Koczocik, one of the four men who detained convicted terrorist Usman Khan until armed police arrived at the scene, received the Queen’s Gallantry Medal on Tuesday.
Khan was held off by Mr Koczocik alongside Steven Gallant, John Crilly and Darryn Frost. All four were awarded the medal in this year's Civilian Gallantry list, the last to be approved by the late queen.
Princess Anne, the daughter of the late queen, presented the award.
Mr Koczocik had used a long ceremonial pike taken from the walls of the Grade II-listed building to disarm Khan.
The attacker was tackled to the ground and restrained until armed police arrived.
Khan, who had two large knives and a fake suicide belt, fatally stabbed Cambridge graduates Jack Merritt, 25, and Saskia Jones, 23, and injured three others before running on to London Bridge.
Among the other people receiving an honour was Conservative MP Andrea Jenkyns, who will be awarded a damehood at Windsor Castle for her political and public service.
Dawid Konotey-Ahulu and David Wightwick also received honours at Tuesday’s investiture.
Mr Konotey-Ahulu, co-founder of the 10,000 Interns Foundation, received a CBE for his services to diversity and inclusion by providing paid internships to 10,000 black students and graduates.
The former barrister has also helped create 10,000 paid internships for disabled students and graduates.
David Wightwick, chief executive of UK-Med – a humanitarian medical NGO – received a CMG for services to UK humanitarian support.
A humanitarian for three decades, Mr Wightwick oversaw UK-Med’s relief effort in Ukraine after the start of the war.
Mr Wightwick has delivered humanitarian aid following various major disasters including the civil war in Liberia, the West Africa Ebola outbreak and the Yemen conflict.
The director of Sky Arts and Entertainment, Philip Jones, is set to receive an OBE for his services to the arts and television, while David Barnes, a polar marine ecologist, was honoured with the Polar Medal.
Dr Barnes is set to join Sir David Attenborough for the polar water trials around the Scotia Sea area in the South Atlantic Ocean.
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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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Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
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Produced: Lionsgate Films, Shanghai Ryui Entertainment, Street Light Entertainment
Directed: Roland Emmerich
Cast: Ed Skrein, Woody Harrelson, Dennis Quaid, Aaron Eckhart, Luke Evans, Nick Jonas, Mandy Moore, Darren Criss
Rating: 3.5/5 stars
MOUNTAINHEAD REVIEW
Starring: Ramy Youssef, Steve Carell, Jason Schwartzman
Director: Jesse Armstrong
Rating: 3.5/5
