Australian fast bowler Mitchell Johnson has announced his retirement from all international cricket after the ongoing Test against New Zealand, joining a host of fellow veterans to recently call it quits.
Renowned for his express pace, ferocious bounce and capacity to intimidate, Johnson, 34, said in a statement ahead of the fifth day’s play at Perth’s Waca Ground: “I feel now is the best time to say goodbye.
“It’s been an incredible ride. But the ride has to come to an end at some point and to do so here at the Waca is very special.”
He follows Michael Clarke, Brad Haddin, Ryan Harris, Chris Rogers and Shane Watson, who all upped stumps after the recent Ashes series against England, into retirement.
Speculation had been rife about Johnson’s future, with the bowler admitting last week that he thought about retirement “most days”.
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On his adopted home ground which has been the scene of some of his most lethal spells during a 73-Test career, the left-armer returned dismal figures of 1-157 in the first innings against New Zealand.
His sole wicket moved him past Brett Lee and into fourth place on the all-time Test wickets list for Australia with 311. He sits behind Dennis Lillee (355), Glenn McGrath (563) and Shane Warne (708).
“I’ve given the decision a lot of thought,” Johnson said.
“Beyond this match, I’m just not sure that I can continue competing consistently at the level required to wear the baggy green.”
After making his first class debut with Queensland in 2001, Johnson got his start in the Test team in 2007 before moving to Western Australia.
His best haul was 8-61 against South Africa, at the Waca in 2008.
Described by long-time mentor Lillee as a “once in a generation” bowler, the former ICC Cricketer of the Year also claimed 239 wickets in 153 one-day internationals.
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“My career has certainly had its up and downs but I can honestly say I have given it my all and am proud of everything I have achieved,” Johnson said.
At times his form was curtailed by injuries and his career had stalled until a stunning comeback in the 2013-14 summer, when he was recalled to the Australian side and tormented England with blistering pace to take 37 wickets at 13.97 as the home side completed a 5-0 clean series sweep.
“He was injury-ravaged early, written off, criticised and probably wondered whether he would ever make it,” former Test opener and Western Australia coach Justin Langer said.
“This in mind, it is a testament to his courage, resilience and skill that he retires as one of Australia’s greatest ever fast bowlers.”
Australia’s fast bowling coach Craig McDermott said Johnson all but handed over the baton as spearhead of the attack during the third and fourth days’ play at the Waca.
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As he toiled without his usual zip, Mitchell Starc picked up four wickets in New Zealand’s first innings and on the third day sent down a 160.4 kilometre per hour (99.7 miles per hour) thunderbolt believed to be the fastest ever delivery bowled in Test cricket.
“We probably saw the changing of the guard here two days ago, with Mitchell Starc consistently bowling 150 kilometres an hour,” McDermott said.
Johnson also played 30 Twenty20 internationals and was a handy lower order batsman, with a Test top score of 123 not out and 11 half-centuries.
Former Australian batsman and teammate Mike Hussey said he was shocked at the retirement but noted the pressure of performing for the national team.
“There will be some batsman around the world that will be thankful today that Mitchell Johnson is retiring,” he said.
“He did terrorise a lot of players around the world.”
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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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- Becomes second Indian to score century in U19 final after Unmukt Chand in 2012
- Scored 122 in youth Test on tour of England
- Bought by Delhi Daredevils for base price of two million Indian rupees (Dh115,000) in 2018 IPL auction
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ODI squad against England: Kohli (c), Dhawan, Rohit, Rahul, Shreyas, Rayudu, Dhoni, Karthik, Chahal, Kuldeep, Sundar, Bhuvneshwar, Bumrah, Pandya, Kaul, Umesh
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Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
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