Politicians need to be aware of the risk of extremist groups inflaming violence, report warns. EPA
Politicians need to be aware of the risk of extremist groups inflaming violence, report warns. EPA
Politicians need to be aware of the risk of extremist groups inflaming violence, report warns. EPA
Politicians need to be aware of the risk of extremist groups inflaming violence, report warns. EPA

UK study says far right copies tactics of religious extremists


Nicky Harley
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Extremist groups are at risk of engaging in a cycle of escalatory violence in which religious extremists and the far right embrace "the same tools and tactics", a study by UK radicalisation experts said.

Far-right groups, it said, have increasingly mimicked religious extremists’ methods and stolen their tactics.

Researchers from the International Centre for the Study of Radicalisation and Political Violence at King's College London examined the concept of reciprocal radicalisation, which sees extremist groups feed off each other.

The report said it would be a mistake to treat the threats separately.

"Policymakers have reason to be concerned that the co‑presence of far‑right and radical Islamist groups could aggravate social cleavages and lead to an escalation in violence or rhetoric from one or both groups," said the report, titled Innovation, Creativity and the Interplay Between Far‑right and Islamist Extremism.

“Unfortunately, there is no clear‑cut ‘escalation ladder’ that would help policymakers and practitioners determine the likelihood of spiralling violence and tailor their interventions accordingly.

“Policymakers should be aware of the possibility of both reciprocal radicalisation and operational reciprocity between these ideologically opposed movements.

“It is entirely conceivable that far‑right extremists and Islamist extremists might engage in escalatory violence by invoking the threat of the other while simultaneously adopting the most effective tools and tactics employed by their adversary.”

The report said the issue of reciprocal radicalisation was brought to the fore by former prime minister David Cameron in a 2007 speech when he alluded to Islamist extremists as being a “mirror image” of the far‑right British National Party.

“It has been anecdotally established that far‑right extremists have borrowed from the [Islamist] playbook, which would potentially help them increase the efficacy of their tactics – both lethal, eg bomb-making, and non‑lethal, eg social media messaging,” it said.

"In short, were this to be the case, it would be a potentially grave mistake to treat the ... threats in isolation rather than examining how they interact and influence one another."

It said in 2019 the transnational neo‑Nazi group Feuerkrieg Division posted a screengrab from an ISIS bomb-making video on its page on social media site Gab and later a version of the video was also shared on a prominent neo‑Nazi Telegram channel.

Last year, the director‑general of the Australian Security Intelligence Organisation said far‑right organisations were using similar social media tactics to those adopted by ISIS for recruitment purposes.

Research by Bridget Johnson also identified variations of the same memes used by both groups and noted they have both produced heavily stylised videos of militant training camps.

The review said researchers need to be “alert” to examples of the groups using one another’s methods and said studies on the interaction between different groups in prisons may be advantageous.

“There is an opportunity, for example, to examine the potential of prison networks to serve as incubators of collaboration or ideological migration between far‑right and Islamist extremists,” it said.

Similarly, it would be worth investigating whether far‑right extremists who later joined religious extremist groups brought any practices or material knowledge with them that, in turn, influenced the innovations of such networks, the report said.

The potential consequences of operational reciprocity between far‑right and religious extremists were concerning, it said.

“As such, scholars within the terrorism studies community should stay alert for any signs of such cross‑ideological knowledge diffusion or collaboration.”

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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