After the coronation, her title is now Queen Camilla. Photo: Gareth Cattermole / Getty Images
After the coronation, her title is now Queen Camilla. Photo: Gareth Cattermole / Getty Images
After the coronation, her title is now Queen Camilla. Photo: Gareth Cattermole / Getty Images
After the coronation, her title is now Queen Camilla. Photo: Gareth Cattermole / Getty Images

What does queen consort mean and how is it different to queen?


Farah Andrews
  • English
  • Arabic

Following the death of Queen Elizabeth II in September, there were several changes to royal titles. Prince Charles's became King Charles III. And, as his wife, Camilla, the former Duchess of Cornwall, became officially known as Her Majesty the Queen Consort.

In Queen Elizabeth's platinum jubilee message last year, she said it was her “sincere wish” that Camilla be known as Queen Consort when her husband becomes king.

Follow the latest news from the coronation of King Charles here

The title also means she sat at King Charles's side at his coronation on Saturday where she was also crowned. She is now officially Queen Camilla.

A queen consort is a royal by marriage, the king's wife. It is a symbolic role, meaning she is queen while the king is on the throne, but won't inherit the throne after he dies.

Queen Elizabeth, however, did inherit the throne from her father, making her the ruling monarch, the queen. Her mother, Queen Elizabeth The Queen Mother, was also a queen consort. She was not Queen Elizabeth I, that title belongs to the Tudor royal and daughter of King Henry VIII, who was born into the role and reigned from 1558 until 1603.

When Prince William becomes king, after the death of King Charles, the Princess of Wales will probably become Catherine, Queen Consort.

Why wasn't Camilla automatically Queen Consort?

Britain's new king and queen on their wedding day in April 2009. PA
Britain's new king and queen on their wedding day in April 2009. PA

King Charles's marriage to Camilla is, famously, not his first. He was married to Diana, Princess of Wales, from 1981 until 1996.

He married Camilla in 2005, however, the title of Princess of Wales was not passed on in the marriage because it was still strongly associated with Diana. Instead, Camilla became a duchess; Duchess of Cornwall was the female version of another of Charles's titles.

Until Queen Elizabeth's announcement, the official position of Clarence House, the couple’s office, was that Camilla would be known as Princess Consort when Prince Charles becomes king, as per a statement released in 2005 at the time of their wedding.

"Camilla was not popular or well-liked, though this has changed a lot since the marriage as Camilla has taken on a lot of patronages," historian and royal family expert Marlene Koenig explains in her blog. "Still, [there was] a lot of tension and anger among a certain element of the population, so it was decided that Camilla would be styled as the Duchess of Cornwall, even though, of course, she is the Princess of Wales."

However, it has been suggested that behind palace doors it was decided Camilla would be known as Queen Consort years ago.

In 2010, Prince Charles was interviewed by NBC and asked if Camilla would “become Queen of England”, to which he sheepishly replied; "That’s well … we’ll see won’t we? That could be."

In the 18 years since their wedding, public opinion of the duchess has changed and the statement disappeared from the Clarence House website in 2018. At the time, British politician Andrew Mackinlay said: "This is absolutely unequivocal that she automatically becomes queen when he becomes king."

The British royal family's website now reads: "Her majesty the queen consort (formerly HRH the Duchess of Cornwall) supports her husband, formerly the Prince of Wales, now his majesty the king, in carrying out his work and duties. She also undertakes public engagements on behalf of the charities that she supports."

King Charles's title

It was not a given that Prince Charles would become King Charles III. PA
It was not a given that Prince Charles would become King Charles III. PA

It was not a given that Prince Charles would become King Charles III, however, it was confirmed by the royal family that he would take the title in the hours after his mother's death.

Royals are given the option to change their name when they take the throne.

Although Queen Elizabeth II kept her given name, her father was born Albert Frederick Arthur George, but chose to honour his father, King George V, and went by King George VI after his coronation in 1936.

The queen's great-grandfather, King Edward VII, was born Albert Edward, and even Queen Victoria, Queen Elizabeth II's great-great-grandmother, chose a different name as queen as she was christened Alexandrina Victoria.

Why wasn't Prince Philip a king consort?

Queen Elizabeth and Prince Philip, Duke of Edinburgh, before her coronation, in London on June 2, 1953. AFP
Queen Elizabeth and Prince Philip, Duke of Edinburgh, before her coronation, in London on June 2, 1953. AFP

Queen Elizabeth's late husband Prince Philip was never named King Philip, per the tradition that a man who marries a queen is named Prince Consort.

The only figures in the British royal family to have the title of king, in any form, are born into the role.

Prince Philip was born a prince, but dropped his titles as Prince of Greece and Denmark when he married Princess Elizabeth, who became the Queen of England.

Scroll through the gallery below to see Queen Camilla's fashion evolution

  • Queen Consort Camilla wearing a black shift dress and pearl choker, arrives at a party in London in June 1996. Photo: UK Press
    Queen Consort Camilla wearing a black shift dress and pearl choker, arrives at a party in London in June 1996. Photo: UK Press
  • The queen consort in a green floral gown, arrives at the Vogue & Jaguar It's Fashion charity gala on June 11, 2001 in Buckinghamshire, England. Getty Images
    The queen consort in a green floral gown, arrives at the Vogue & Jaguar It's Fashion charity gala on June 11, 2001 in Buckinghamshire, England. Getty Images
  • The queen consort in a pink floral dress and coat, arrives at the Sandringham Flower Show in Norfolk on July 31, 2002. Getty Images
    The queen consort in a pink floral dress and coat, arrives at the Sandringham Flower Show in Norfolk on July 31, 2002. Getty Images
  • The queen consort, in a gold dress with a co-ordinated coat, arrives at the Globe Theatre for The Prince's Trust Shakespeare Gala Performance Evening in London on September 1, 2003. Getty Images
    The queen consort, in a gold dress with a co-ordinated coat, arrives at the Globe Theatre for The Prince's Trust Shakespeare Gala Performance Evening in London on September 1, 2003. Getty Images
  • The queen consort, in a black dress and velvet coat, at the UK film premiere of Merchant Of Venice in London on November 29, 2004. Getty Images
    The queen consort, in a black dress and velvet coat, at the UK film premiere of Merchant Of Venice in London on November 29, 2004. Getty Images
  • The queen consort after marrying Prince Charles, wears an Anna Valentine set for her civil ceremony at The Guildhall, Windsor on April 9, 2005. Getty Images
    The queen consort after marrying Prince Charles, wears an Anna Valentine set for her civil ceremony at The Guildhall, Windsor on April 9, 2005. Getty Images
  • The queen consort, in Anna Valentine, and Prince Charles leave the Service of Prayer and Dedication after their marriage at Windsor Castle on April 9, 2005. Getty Images
    The queen consort, in Anna Valentine, and Prince Charles leave the Service of Prayer and Dedication after their marriage at Windsor Castle on April 9, 2005. Getty Images
  • The queen consort, wearing a light-blue set, visits a mosque in Cairo on the second day of a 12-day royal tour visiting Egypt, Saudia Arabia and India in 2006. Getty Images
    The queen consort, wearing a light-blue set, visits a mosque in Cairo on the second day of a 12-day royal tour visiting Egypt, Saudia Arabia and India in 2006. Getty Images
  • The queen consort, wearing a blue printed dress, and King Charles after a Falklands War flypast on June 17, 2007 in London. Getty Images
    The queen consort, wearing a blue printed dress, and King Charles after a Falklands War flypast on June 17, 2007 in London. Getty Images
  • The queen consort dances with Craig Revel Horwood during a visit to St Clement Danes School in London on October 20, 2009. Getty Images
    The queen consort dances with Craig Revel Horwood during a visit to St Clement Danes School in London on October 20, 2009. Getty Images
  • The queen consort, in a teal gown, arrives at the Royal World Premiere of Alice In Wonderland on February 25, 2010, in London. Getty Images
    The queen consort, in a teal gown, arrives at the Royal World Premiere of Alice In Wonderland on February 25, 2010, in London. Getty Images
  • The queen consort, in a cream silk chiffon dress with a matching coat and a wide-brimmed straw hat by Philip Treacy, with King Charles at the wedding of Prince William and wife Katherine at Westminster Abbey on April 29, 2011. Getty Images
    The queen consort, in a cream silk chiffon dress with a matching coat and a wide-brimmed straw hat by Philip Treacy, with King Charles at the wedding of Prince William and wife Katherine at Westminster Abbey on April 29, 2011. Getty Images
  • The queen consort attends the London 2012 Olympics Equestrian Eventing at Greenwich Park wearing a blue animal print dress on July 6, 2011. Getty Images
    The queen consort attends the London 2012 Olympics Equestrian Eventing at Greenwich Park wearing a blue animal print dress on July 6, 2011. Getty Images
  • The queen consort, in a brown dress, cardigan and scarf, during a visit to Borough Market in London on February 13, 2013. Getty Images
    The queen consort, in a brown dress, cardigan and scarf, during a visit to Borough Market in London on February 13, 2013. Getty Images
  • The queen consort, in a silvery blue sequinned top and trousers, with Queen Rania of Jordan arrive for a private dinner in Amman, Jordan on March 11, 2013. Getty Images
    The queen consort, in a silvery blue sequinned top and trousers, with Queen Rania of Jordan arrive for a private dinner in Amman, Jordan on March 11, 2013. Getty Images
  • The queen consort and King Charles are met at Jeddah Airport by the Governor of Makkah Prince Khalid al Faisal on March 16, 2013. Getty Images
    The queen consort and King Charles are met at Jeddah Airport by the Governor of Makkah Prince Khalid al Faisal on March 16, 2013. Getty Images
  • The queen consort, dressed in a black and red lace gown, attends a Gala Concert and Reception to mark the 125th Anniversary of ICAN at St James's Palace on January 21, 2014 in London. Getty Images
    The queen consort, dressed in a black and red lace gown, attends a Gala Concert and Reception to mark the 125th Anniversary of ICAN at St James's Palace on January 21, 2014 in London. Getty Images
  • The queen consort wearing a tweed coat and black boots for an official visit to the new Wine Research Centre at Plumpton College on March 26, 2014. Getty Images
    The queen consort wearing a tweed coat and black boots for an official visit to the new Wine Research Centre at Plumpton College on March 26, 2014. Getty Images
  • The queen consort, in a navy dress and coat, walks with Sabina Coyne during a ceremonial welcome at Windsor Castle on April 8, 2014. Getty Images
    The queen consort, in a navy dress and coat, walks with Sabina Coyne during a ceremonial welcome at Windsor Castle on April 8, 2014. Getty Images
  • The queen consort, in a purple tartan jacket and skirt, attends an official visit to The London Book Fair at Earls Court on April 9, 2014. Getty Images
    The queen consort, in a purple tartan jacket and skirt, attends an official visit to The London Book Fair at Earls Court on April 9, 2014. Getty Images
  • The queen consort in a tweed coat and fur hat at the Cheltenham racecourse on March 11, 2015. Getty Images
    The queen consort in a tweed coat and fur hat at the Cheltenham racecourse on March 11, 2015. Getty Images
  • The queen consort wearing a black and navy lace gown for a reception for supporters of The British Asian Trust at Natural History Museum on February 2, 2016 in London. Getty Images
    The queen consort wearing a black and navy lace gown for a reception for supporters of The British Asian Trust at Natural History Museum on February 2, 2016 in London. Getty Images
  • The queen consort, in a white and gold coat, in Al Ain on the second day of a Royal tour of the UAE on November 7, 2016. Getty Images
    The queen consort, in a white and gold coat, in Al Ain on the second day of a Royal tour of the UAE on November 7, 2016. Getty Images
  • The queen consort, in a light yellow salwar kameez with a parasol, tours the Humanitarian City in Dubai on November 8, 2016. Getty Images
    The queen consort, in a light yellow salwar kameez with a parasol, tours the Humanitarian City in Dubai on November 8, 2016. Getty Images
  • The queen consort, in a navy polka dot dress and coat, with King Charles attends a service for the VC and GC Association at St Martin-in-the-Fields in London on May 10, 2016. Getty Images
    The queen consort, in a navy polka dot dress and coat, with King Charles attends a service for the VC and GC Association at St Martin-in-the-Fields in London on May 10, 2016. Getty Images
  • The queen consort, in a green velvet gown, attends a reception for supporters of The British Asian Trust on February 2, 2017 in London. Getty Images
    The queen consort, in a green velvet gown, attends a reception for supporters of The British Asian Trust on February 2, 2017 in London. Getty Images
  • The queen consort, in a red coat and hat, attends a Christmas Day church service with King Charles, Queen Elizabeth II, Prince Philip, the Duchess of Cambridge, Prince William, Meghan Markle and Prince Harry on December 25, 2017. Getty Images
    The queen consort, in a red coat and hat, attends a Christmas Day church service with King Charles, Queen Elizabeth II, Prince Philip, the Duchess of Cambridge, Prince William, Meghan Markle and Prince Harry on December 25, 2017. Getty Images
  • The queen consort, in a pink dress and a feathered hat, with Meghan's mother Doria Ragland and King Charles, leaves St George's Chapel in Windsor after the wedding of Prince Harry and Meghan on May 19, 2018. Getty Images
    The queen consort, in a pink dress and a feathered hat, with Meghan's mother Doria Ragland and King Charles, leaves St George's Chapel in Windsor after the wedding of Prince Harry and Meghan on May 19, 2018. Getty Images
  • The queen consort has an ice cream with Dame Judi Dench on July 24, 2018 in Cowes, Isle of Wight. Getty Images
    The queen consort has an ice cream with Dame Judi Dench on July 24, 2018 in Cowes, Isle of Wight. Getty Images
  • The queen consort, in a green dress and black cape, is greeted by a Guard of Honour during her visit to the Malmesbury Residents Association on January 23, 2019 in London. Getty Images
    The queen consort, in a green dress and black cape, is greeted by a Guard of Honour during her visit to the Malmesbury Residents Association on January 23, 2019 in London. Getty Images
  • The queen consort, in a cream silk gown and tiara, attends the State Opening of Parliament in London on on October 14, 2019. AFP
    The queen consort, in a cream silk gown and tiara, attends the State Opening of Parliament in London on on October 14, 2019. AFP
  • The queen consort, in a dark green coat, arrives for ladies day at Cheltenham Racecourse on March 11, 2020. Getty Images
    The queen consort, in a dark green coat, arrives for ladies day at Cheltenham Racecourse on March 11, 2020. Getty Images
  • The queen consort, in a pink tweed coat and black boots, visits the Community Vaccination Centre at St Paul's Church on March 3, 2021 in Croydon, England. Getty Images
    The queen consort, in a pink tweed coat and black boots, visits the Community Vaccination Centre at St Paul's Church on March 3, 2021 in Croydon, England. Getty Images
  • The queen consort, in a blue Fiona Clare dress, and Jordan's Queen Rania visit the Children Centre in Amman on November 16, 2021. Reuters
    The queen consort, in a blue Fiona Clare dress, and Jordan's Queen Rania visit the Children Centre in Amman on November 16, 2021. Reuters
  • The queen consort, in a white Anna Valentine gown, attends a private dinner at the Al Husseiniya Palace in Amman on November 16, 2021. Reuters
    The queen consort, in a white Anna Valentine gown, attends a private dinner at the Al Husseiniya Palace in Amman on November 16, 2021. Reuters
  • King Charles and the queen consort, wearing a green floral dress, at the of Umm Qais in Jordan on November 17, 2021. Getty Images
    King Charles and the queen consort, wearing a green floral dress, at the of Umm Qais in Jordan on November 17, 2021. Getty Images
  • King Charles and the queen consort, who is dressed in white Anna Valentine piece, attend a centenary celebration of the founding of the Jordanian state, at the Jordan Museum in Amman on November 17, 2021. Reuters
    King Charles and the queen consort, who is dressed in white Anna Valentine piece, attend a centenary celebration of the founding of the Jordanian state, at the Jordan Museum in Amman on November 17, 2021. Reuters
  • King Charles and the queen consort, who is wearing a light pink Anna Valentine outfit, arrive at the presidential palace in Cairo on November 18, 2021. Getty Images
    King Charles and the queen consort, who is wearing a light pink Anna Valentine outfit, arrive at the presidential palace in Cairo on November 18, 2021. Getty Images
  • King Charles and the queen consort, wearing a wool and cashmere blend robe by Saudi designer Yahya Al Bishri, on stage during the platinum jubilee concert on June 4, 2022. AP
    King Charles and the queen consort, wearing a wool and cashmere blend robe by Saudi designer Yahya Al Bishri, on stage during the platinum jubilee concert on June 4, 2022. AP
  • The queen consort, wearing a red and white Max Mara dress and Chanel pumps, at a reception at Buckingham Palace in London on June 9, 2022. PA
    The queen consort, wearing a red and white Max Mara dress and Chanel pumps, at a reception at Buckingham Palace in London on June 9, 2022. PA
  • The queen consort, wearing a blue Bruce Oldfield gown, in photo taken for British Vogue at Clarence House for the magazine's July issue. AP
    The queen consort, wearing a blue Bruce Oldfield gown, in photo taken for British Vogue at Clarence House for the magazine's July issue. AP
  • The queen consort, wearing a green floral Fiona Clare dress, walks with Lady Rothermere at the Daily Mail Chalke Valley History Festival on June 20, 2022. Getty Images
    The queen consort, wearing a green floral Fiona Clare dress, walks with Lady Rothermere at the Daily Mail Chalke Valley History Festival on June 20, 2022. Getty Images
  • The queen consort, wearing a blue floral dress from Sophie Dundas, poses for an official portrait to mark her 75th birthday, at her home in Wiltshire, England. AP
    The queen consort, wearing a blue floral dress from Sophie Dundas, poses for an official portrait to mark her 75th birthday, at her home in Wiltshire, England. AP
  • The queen consort in a red coat dress by Fiona Clare and a striking beret by Philip Treacy at a Royal Navy ceremony in April 2023. AFP
    The queen consort in a red coat dress by Fiona Clare and a striking beret by Philip Treacy at a Royal Navy ceremony in April 2023. AFP
  • King Charles III and the queen consort, wearing a blue wool crepe coat dress by Fiona Clare, in a portrait released in April 2023 ahead of the coronation. Reuters
    King Charles III and the queen consort, wearing a blue wool crepe coat dress by Fiona Clare, in a portrait released in April 2023 ahead of the coronation. Reuters

This story was originally published on February 10, 2022

Trump v Khan

2016: Feud begins after Khan criticised Trump’s proposed Muslim travel ban to US

2017: Trump criticises Khan’s ‘no reason to be alarmed’ response to London Bridge terror attacks

2019: Trump calls Khan a “stone cold loser” before first state visit

2019: Trump tweets about “Khan’s Londonistan”, calling him “a national disgrace”

2022:  Khan’s office attributes rise in Islamophobic abuse against the major to hostility stoked during Trump’s presidency

July 2025 During a golfing trip to Scotland, Trump calls Khan “a nasty person”

Sept 2025 Trump blames Khan for London’s “stabbings and the dirt and the filth”.

Dec 2025 Trump suggests migrants got Khan elected, calls him a “horrible, vicious, disgusting mayor”

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Overall head-to-head

Federer 6-1 Cilic

Head-to-head at Wimbledon

Federer 1-0 Cilic

Grand Slams titles

Federer 18-1 Cilic

Best Wimbledon performance

Federer: Winner (2003, 2004, 2005, 2006, 2007, 2009, 2012)
Cilic: Final (2017*)

HUNGARIAN GRAND PRIX RESULT

1. Sebastian Vettel, Ferrari 1:39:46.713
2. Kimi Raikkonen, Ferrari 00:00.908
3. Valtteri Bottas, Mercedes-GP 00:12.462
4. Lewis Hamilton, Mercedes-GP 00:12.885
5. Max Verstappen, Red Bull Racing 00:13.276
6. Fernando Alonso, McLaren 01:11.223
7. Carlos Sainz Jr, Toro Rosso 1 lap
8. Sergio Perez, Force India 1 lap
9. Esteban Ocon, Force India  1 lap
10. Stoffel Vandoorne, McLaren 1 lap
11. Daniil Kvyat, Toro Rosso 1 lap
12. Jolyon Palmer, Renault 1 lap
13. Kevin Magnussen, Haas 1 lap
14. Lance Stroll, Williams 1 lap
15. Pascal Wehrlein, Sauber 2 laps
16. Marcus Ericsson, Sauber 2 laps
17r. Nico Huelkenberg, Renault 3 laps
r. Paul Di Resta, Williams 10 laps
r. Romain Grosjean, Haas 50 laps
r. Daniel Ricciardo, Red Bull Racing 70 laps

The White Lotus: Season three

Creator: Mike White

Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell

Rating: 4.5/5

Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

SPECS
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Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994

Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers

Founders: Ines Mena, Claudia Ribas, Simona Agolini, Nourhan Hassan and Therese Hundt

Date started: January 2017, app launched November 2017

Based: Dubai, UAE

Sector: Private/Retail/Leisure

Number of Employees: 18 employees, including full-time and flexible workers

Funding stage and size: Seed round completed Q4 2019 - $1m raised

Funders: Oman Technology Fund, 500 Startups, Vision Ventures, Seedstars, Mindshift Capital, Delta Partners Ventures, with support from the OQAL Angel Investor Network and UAE Business Angels

Specs

Engine: Duel electric motors
Power: 659hp
Torque: 1075Nm
On sale: Available for pre-order now
Price: On request

Our legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

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Name: Dr Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

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MATCH INFO

South Africa 66 (Tries: De Allende, Nkosi, Reinach (3), Gelant, Steyn, Brits, Willemse; Cons: Jantjies 8) 

Canada 7 (Tries: Heaton; Cons: Nelson)

The specs: 2018 Ducati SuperSport S

Price, base / as tested: Dh74,900 / Dh85,900

Engine: 937cc

Transmission: Six-speed gearbox

Power: 110hp @ 9,000rpm

Torque: 93Nm @ 6,500rpm

Fuel economy, combined: 5.9L / 100km

Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Company profile

Name: Dukkantek 

Started: January 2021 

Founders: Sanad Yaghi, Ali Al Sayegh and Shadi Joulani 

Based: UAE 

Number of employees: 140 

Sector: B2B Vertical SaaS(software as a service) 

Investment: $5.2 million 

Funding stage: Seed round 

Investors: Global Founders Capital, Colle Capital Partners, Wamda Capital, Plug and Play, Comma Capital, Nowais Capital, Annex Investments and AMK Investment Office  

ESSENTIALS

The flights

Emirates flies direct from Dubai to Rio de Janeiro from Dh7,000 return including taxes. Avianca fliles from Rio to Cusco via Lima from $399 (Dhxx) return including taxes. 

The trip

From US$1,830 per deluxe cabin, twin share, for the one-night Spirit of the Water itinerary and US$4,630 per deluxe cabin for the Peruvian Highlands itinerary, inclusive of meals, and beverages. Surcharges apply for some excursions.

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

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

The specs: 2018 Harley-Davidson Fat Boy

Price, base / as tested Dh97,600
Engine 1,745cc Milwaukee-Eight v-twin engine
Transmission Six-speed gearbox
Power 78hp @ 5,250rpm
Torque 145Nm @ 3,000rpm
Fuel economy, combined 5.0L / 100km (estimate)

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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Who has lived at The Bishops Avenue?
  • George Sainsbury of the supermarket dynasty, sugar magnate William Park Lyle and actress Dame Gracie Fields were residents in the 1930s when the street was only known as ‘Millionaires’ Row’.
  • Then came the international super rich, including the last king of Greece, Constantine II, the Sultan of Brunei and Indian steel magnate Lakshmi Mittal who was at one point ranked the third richest person in the world.
  • Turkish tycoon Halis Torprak sold his mansion for £50m in 2008 after spending just two days there. The House of Saud sold 10 properties on the road in 2013 for almost £80m.
  • Other residents have included Iraqi businessman Nemir Kirdar, singer Ariana Grande, holiday camp impresario Sir Billy Butlin, businessman Asil Nadir, Paul McCartney’s former wife Heather Mills. 
Hunting park to luxury living
  • Land was originally the Bishop of London's hunting park, hence the name
  • The road was laid out in the mid 19th Century, meandering through woodland and farmland
  • Its earliest houses at the turn of the 20th Century were substantial detached properties with extensive grounds

 

Updated: May 06, 2023, 12:14 PM