Australian golfer Jarrod Lyle has died after a long struggle with cancer. He was 36.
"It breaks my heart to tell everyone that Jarrod is no longer with us," the golfer's wife, Briony Lyle, said in a statement on Thursday.
"He passed away peacefully at 8.20pm last night having spent his final week among his family and close friends."
Briony Lyle said her husband had asked her to pass on a "simple message: 'Thanks for your support, it meant the world. My time was short, but if I've helped people think and act on behalf of those families who suffer through cancer, hopefully it wasn't wasted.'"
Lyle, who won twice on the Nationwide Tour in 2008, was first diagnosed with leukaemia as a teenager and suffered recurrences of the disease in 2012 and 2017.
He returned to the US PGA Tour in 2013 after apparently having beaten cancer for a second time.
But the illness returned and Lyle last week announced his decision to forego further treatment and enter palliative care.
He was survived by Briony and daughters Lusi, 6, and Jemma, 2.
"Lusi, Jemma and I are filled with grief and now must confront our lives without the greatest husband and father we could ever have wished for," Briony Lyle said.
"At the same time, we have been blessed and overwhelmed with the messages and actions of support from around the world and feel comforted that Jarrod was able to happily impact so many people throughout his life. Our humble thanks to you all."
Lyle was diagnosed with acute myeloid leukaemia in 1999 when he was 17. He spent much of the next nine months in a hospital in Melbourne and it was another year after that before he could walk around a golf course.
He gradually reduced his handicap to scratch and earned a golf scholarship before turning professional in 2004. He qualified for the Asian Tour in 2005 and started playing on the second tier of the US tour in 2006.
After an another setback he made an emotional comeback to a Victorian state golf course during the 2013 Australian Masters before using a medical exemption to play on the U.S. PGA Tour in 2015.
Lyle underwent a bone marrow transplant last December following a recurrence of acute myeloid leukemia but opted recently not to continue with treatment after saying he'd "reached his limit" and that he and his doctors had agreed that a "positive outcome" was no longer achievable.
Lyle's sense of humor and courageous comebacks made him popular with fans and fellow golfers.
Robert Allenby, who has four wins on the PGA Tour among his 22 worldwide, has known Lyle for 20 years- their first meeting when he signed an autograph at the Australian Masters for a then 16-year-old fan and the second when Lyle was first in hospital the following year.
"We met because I was his hero. He has been mine ever since," Allenby wrote in a recent tribute on PlayersVoice. "What I would come to realize over time is that Jarrod possesses a determination, grit and inner strength unlike anybody I've met in my life. His will to survive and smash the odds is incredible. I draw strength just from being around him."
Another Australian golfer, Greg Chalmers, said it "is through a river of tears I say goodbye to my friend Jarrod Lyle".
"A wonderful father, friend and golfer. Quick with a joke, didn't mind a beer, and just a pure joy to be around every day," Chalmers posted on Twitter. "Miss you mate. RIP."
The family said a private family service would be held in the coming days with a public memorial service in Torquay, near Melbourne in Victoria state, at a later date.
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.”
The smuggler
Eldarir had arrived at JFK in January 2020 with three suitcases, containing goods he valued at $300, when he was directed to a search area.
Officers found 41 gold artefacts among the bags, including amulets from a funerary set which prepared the deceased for the afterlife.
Also found was a cartouche of a Ptolemaic king on a relief that was originally part of a royal building or temple.
The largest single group of items found in Eldarir’s cases were 400 shabtis, or figurines.
Khouli conviction
Khouli smuggled items into the US by making false declarations to customs about the country of origin and value of the items.
According to Immigration and Customs Enforcement, he provided “false provenances which stated that [two] Egyptian antiquities were part of a collection assembled by Khouli's father in Israel in the 1960s” when in fact “Khouli acquired the Egyptian antiquities from other dealers”.
He was sentenced to one year of probation, six months of home confinement and 200 hours of community service in 2012 after admitting buying and smuggling Egyptian antiquities, including coffins, funerary boats and limestone figures.
For sale
A number of other items said to come from the collection of Ezeldeen Taha Eldarir are currently or recently for sale.
Their provenance is described in near identical terms as the British Museum shabti: bought from Salahaddin Sirmali, "authenticated and appraised" by Hossen Rashed, then imported to the US in 1948.
- An Egyptian Mummy mask dating from 700BC-30BC, is on offer for £11,807 ($15,275) online by a seller in Mexico
- A coffin lid dating back to 664BC-332BC was offered for sale by a Colorado-based art dealer, with a starting price of $65,000
- A shabti that was on sale through a Chicago-based coin dealer, dating from 1567BC-1085BC, is up for $1,950
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
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