Abdullah Ibrahim performs for students at the American Community School in Abu Dhabi.
Abdullah Ibrahim performs for students at the American Community School in Abu Dhabi.

Pianist takes his message to school



ABU DHABI // Abdullah Ibrahim, one of the foremost jazz pianists in the world, wants to take his melodies to the next generation of musicians. Ibrahim, 74, who will perform in Abu Dhabi with his seven-piece ensemble in the Abu Dhabi Classics series next month, was in town this week to introduce schoolchildren to jazz. "Children are the best audience," he said. "They have very little filters. They just absorb. It's the same everywhere around the world with children. "What I try to tell young people is to be as sincere as possible when they play. The intention is not to send a message always." Ibrahim's work in Abu Dhabi is part of a new venture to expose pupils to music. He will begin with private schools that already have music programmes, and slowly expand to work with public schools. "We have to find some way with music education. We have to rethink the ways in which we do it and it has to come from the communities first rather than just teaching it in the classrooms," he said. Ibrahim, in three sessions at the American Community School, played two pieces and talked about his childhood in South Africa, his introduction to music and his initial inability to master the piano and the frustration that accompanied it. The stories delighted the young music lovers gathered in the school auditorium. Rachelle Ibrahim, 13, who used to play the trumpet, said she would like to learn the saxophone. "I learnt from him that over time you get better and better and over time, you get it, just like he did with playing the piano," she said. Emily Rose Breault, 13, who had to choose between art, drama and music in her previous school, said she was inspired by Ibrahim's presentation and was keen to take up music again. "From him I understood that even if you are not good straight away you have to do it. He showed us that. Every day, he achieved his dreams. He didn't stop." Ibrahim arrived here after a concert in Germany. He got up early on Monday to talk to the children, and took in the sights of the city in the afternoon. "From what I have seen, I love it," he said as he sat in the lobby of the InterContinental Hotel. "It has great potential because there is global vision. This is the new world. Just look around you." Ibrahim said his mother and grandmother, who were pianists at church, introduced him to the instrument. He learnt covertly from local school teachers, who were not allowed to openly teach non-white children under apartheid. "The regime denied us many things, even the teachers who were brilliant with such passion for music had to learn it through correspondence courses. And they gave us such grounding in the universal tradition of music." Growing up in the 1960s in Cape Town, a port city that attracted different musical and cultural influences, Ibrahim took time to absorb other forms of music, including Indian classical, folk music from Malaysia and western classical music - mostly from radio programmes. "There was robust cultural activity in spite of the problems of the regime," he said." But music knows no boundaries. It transcends cultural and social norms. As a musician, a composer, you have this insatiable appetite to learn more music all the time. So we played on. I first started playing at the church and in community centres." Ibrahim, raised as Adolph Johannes Brand, was drawn to Islam in his youth, soon after he became famous. He remembers being worried about his lifestyle as a musician, and trying to find an explanation for the discrimination and violence of apartheid. He looked for an answer that would include "peace and serenity". "I grew up in a gang-infested society. It came at a time when the social milieu was violent. I was also introduced to alcohol and drugs as a musician and I became very ill." Ibrahim said he grew up with Muslim friends. "At an early age I was drawn to Islam anyway, then I discovered tauheed, or unity, that is defined in Islam. And that answered the inequality that I saw around me." sbhattacharya@thenational.ae

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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.”