Hillary Clinton will join the faculty as a professor of practice at the School of International and Public Affairs and a presidential fellow at Columbia World Projects. AP
Hillary Clinton will join the faculty as a professor of practice at the School of International and Public Affairs and a presidential fellow at Columbia World Projects. AP
Hillary Clinton will join the faculty as a professor of practice at the School of International and Public Affairs and a presidential fellow at Columbia World Projects. AP
Hillary Clinton will join the faculty as a professor of practice at the School of International and Public Affairs and a presidential fellow at Columbia World Projects. AP

Hillary Clinton joins Columbia University as global affairs professor


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Former US secretary of state Hillary Clinton will join Columbia University as a professor focusing on global affairs, the university has announced.

“Columbia’s commitment to educating the next generation of US and global policy leaders, translating insights into impact and helping to address some of the world’s most pressing challenges resonates personally with me,” Ms Clinton said in a statement.

Lee Bollinger, the university's president, said the former first lady would join the faculty as a professor of practice at the School of International and Public Affairs and a presidential fellow at Columbia World Projects.

Mr Bollinger noted Ms Clinton's decades-long involvement in public service as former first lady, US senator, secretary of state and as a presidential candidate.

“Given her extraordinary talents and capacities together with her singular life experiences, Hillary Clinton is unique, and, most importantly, exceptional in what she can bring to the University’s missions of research and teaching, along with public service and engagement for the public good,” he said.

Columbia, located in New York City, said Ms Clinton would begin teaching students at the School of International and Public Affairs this autumn.

Ms Clinton will also focus on efforts to renew democracy and “foster effective engagement” with women and young people.

“We are eager for her contributions to our efforts to advance rigorous scholarship and pursue sound policies and effective actions,” said Wafaa El-Sadr, executive vice president for Columbia Global and Columbia World Projects.

Hillary Clinton attends Eye on Iran exhibition — in pictures

  • Former US Secretary of State, Hillary Clinton, speaks at the opening of Eyes on Iran, an art installation which aims to amplify the mission of Woman, Life, Freedom against gender-based violence in Iran. Reuters
    Former US Secretary of State, Hillary Clinton, speaks at the opening of Eyes on Iran, an art installation which aims to amplify the mission of Woman, Life, Freedom against gender-based violence in Iran. Reuters
  • Musician Jon Batiste performs at the Eyes on Iran event, held at Franklin D Roosevelt Four Freedoms State Park on Roosevelt Island, New York City. AP
    Musician Jon Batiste performs at the Eyes on Iran event, held at Franklin D Roosevelt Four Freedoms State Park on Roosevelt Island, New York City. AP
  • A large eye is displayed behind Hillary Clinton. AP
    A large eye is displayed behind Hillary Clinton. AP
  • The exhibition features numerous installations in support of the Woman, Life, Freedom campaign against gender-based violence in Iran. AFP
    The exhibition features numerous installations in support of the Woman, Life, Freedom campaign against gender-based violence in Iran. AFP
  • The event was held in solidarity with the current wave of protests taking place in Iran. AFP
    The event was held in solidarity with the current wave of protests taking place in Iran. AFP
  • Bandanas in the colours of the Iranian flag were tied to trees. AFP
    Bandanas in the colours of the Iranian flag were tied to trees. AFP
  • Visitors admire some of the installations. AFP
    Visitors admire some of the installations. AFP
  • The Eyes on Iran art exhibition in New York. AFP
    The Eyes on Iran art exhibition in New York. AFP
  • Hillary Clinton joins Iranian artist Aphrodite Desiree Navab (R) at the grand opening. AFP
    Hillary Clinton joins Iranian artist Aphrodite Desiree Navab (R) at the grand opening. AFP
  • (L-R) Iranian-Canadian human rights activist Nazanin Afshin-Jam, Iranian-US artist Sheida Soleimani, Hillary Clinton, human rights lawyer Gissou Nia, Iranian-US actress Sepideh Moafi, Iranian visual artist Shirin Neshat, US visual artist Hank Willis Thomas, Iraqi-US activist Zainab Salbi and guests at Eyes on Iran. AFP
    (L-R) Iranian-Canadian human rights activist Nazanin Afshin-Jam, Iranian-US artist Sheida Soleimani, Hillary Clinton, human rights lawyer Gissou Nia, Iranian-US actress Sepideh Moafi, Iranian visual artist Shirin Neshat, US visual artist Hank Willis Thomas, Iraqi-US activist Zainab Salbi and guests at Eyes on Iran. AFP
THURSDAY FIXTURES

4.15pm: Italy v Spain (Group A)
5.30pm: Egypt v Mexico (Group B)
6.45pm: UAE v Japan (Group A)
8pm: Iran v Russia (Group B)

 

 

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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Profile of Tarabut Gateway

Founder: Abdulla Almoayed

Based: UAE

Founded: 2017

Number of employees: 35

Sector: FinTech

Raised: $13 million

Backers: Berlin-based venture capital company Target Global, Kingsway, CE Ventures, Entrée Capital, Zamil Investment Group, Global Ventures, Almoayed Technologies and Mad’a Investment.

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U19 WORLD CUP, WEST INDIES

UAE group fixtures (all in St Kitts)
Saturday 15 January: v Canada
Thursday 20 January: v England
Saturday 22 January: v Bangladesh

UAE squad
Alishan Sharafu (captain), Shival Bawa, Jash Giyanani, Sailles Jaishankar, Nilansh Keswani, Aayan Khan, Punya Mehra, Ali Naseer, Ronak Panoly, Dhruv Parashar, Vinayak Raghavan, Soorya Sathish, Aryansh Sharma, Adithya Shetty, Kai Smith

The years Ramadan fell in May

1987

1954

1921

1888

Scores

Rajasthan Royals 160-8 (20 ov)

Kolkata Knight Riders 163-3 (18.5 ov)

Updated: January 06, 2023, 6:04 PM