Equity Magazine August 2017 Issue

AUGUST 2017 | ISSUE 03
TRAVEL
WELLNESS
RETREATS
FOR A HEALTHY
MIND AND BODY
THE TRUE COST
UNCOVERING THE
BUSINESS OF CEO
COMPENSATIONS
LILY
COLLINS
ON CONTROVERSY
AND HOLLYWOOD

Extraordinary is in the detail.
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The name ‘Bentley’ and the ‘B’ in wings device are registered trademarks. © 2017 Bentley Motors Limited.

Be Extraordinary.
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EQUITY

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insideEQUITY
12
mind
12
A BUYERS'S GUIDE TO
OFFSHORE INVESTMENT
Reasons why you should invest
in international properties
21 30
14
17
21
24
30
32
THE REVOLUTION OF
THEMATIC INVESTING
Alternate investments to
diversify your portfolio
WHO YOU GOING TO CALL?
HOWARD LEEDHAM
Explore this war veteran's
journey
MONEY MEN
Get a peek into the business
behind a CEO's compensation
REFLECTIVE ENCOUNTERS
Lily Collins discusses her latest
Netflix movies
A SKILL FOR LIFE
Need a hobby? Try these
SUPPORT LOCAL
A chat with the startup founder
of Apotheca Beauty, Nora Al
Ramadhan
40
body
37
TRENDING NOW
The latest in summer fashion
straight from the runway
38
40
42
THE CHECKLIST
Add these items to your summer
wardrobe for a stylish upgrade
SHOP TALK
Your next shopping haul sorted
INDULGE YOURSELF
Make an appointment for the
latest treaments on the market
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EQUITY

AUGUST 2017
45
soul
55
45
ON OUR RADAR
The latest statement pieces to
buy or covet
55
WEEKEND DINING
Two venues worth talking
business matters over
65
58
61
65
68
70
72
ON THE MENU
Take a seat and indulge at these
fine restaurants around the UAE
WELLNESS RETREATS
Memorable mind and soul
rejuvenating experiences
JETSETTER JOURNEYS
Travel inspiration for your next
big holiday
STAY OF THE MONTH
Explore Al Wadi Desert,
Ras Al Khaimah
TANGIER BEAUTY
Explore this Villa from Christie's
GET TO KNOW...
ANITA WILLIAMS
A peek into her life
On the cover
LILY COLLINS
Read her interview on page 24
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form or by any means electronic,
photocopying, recording or
otherwise, without the permission
of Equity Media. Where opinion
is expressed it is that of the
author and does not necessarily
reflect the editorial views of
the publishers of
EQUITY-Always invest in yourself.
All information in
EQUITY-Always invest in yourself
is checked and verified to the best
of the publisher’s ability, however
the publisher cannot be held
responsible for any mistakes or
omissions enclosed in
the publication in content,
advertising or graphics.
5
EQUITY

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From the EDITOR
Just a month to go before the next long Eid
break, that was quick, wasn’t it? Speaking of
time flying by, this month we spoke to Howard
Leedham about his past and transition from war
veteran to finance expert (p17). On the topic of
finance, the latest acquisitions (read our Business
section on equity.media) and current stock market
status has investors exploring new avenues for
alternate investments (p12-15).
Netflix movies are becoming all the more interesting, with controversial
topics raising awareness amongst society. Lily Collins speaks to us
about her past, present and future in Hollywood, following the success of
her most recent Netflix movie To The Bone (p24). Gizmo-lovers and
car enthusiasts, we have a treat for you, turn to page 48 for the latest in
aerial vehicles and page 53 to feast your eyes on the Mercedes-Maybach
G650, such a beauty!
If you’re looking to escape this month, before September kicks in, in full
swing, do so either with a staycation in the middle of the desert (p68) or
recoup with a wellness break (p61). Need to impress a friend, visiting
family member or business partner, look to page 56 for inspiration on
dining spots that are worth relishing a meal at.
Happy reading
Nicola
Nicola Monteath
EDITOR'S PICK
I’m in love with the Mercedes-
Maybach G650. The adorable yellow
and blue back brings to mind
images of minions, while the tough
front is just pure beauty. Can’t wait
to see it on the roads in the UAE.
This flirty ruffled
Martin Grant
Shirt Dress at
modaoperandi.
com is one that
can easily be
worn from day
to night.
Follow us:
equitymedia.uae equitymedia.uae equitymedia.uae equitymedia.uae
EQUITY - Always invest in yourself
EDITOR NICOLA MONTEATH - nicola@equity.media
DIGITAL EDITOR VARUN GODINHO
CONTENT MANAGER OLIVE SEVILLA
ART DIRECTOR ODILAINE MEJORADA
SALES advertising@equity.media
WWW.EQUITY.MEDIA
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Bulgari’s Octo Finissimo Tourbillon
Monete for men seems like a piece
dug out from a hidden treasure, with
modern characteristics coming
through from the stunning rose gold
and intricate dial. Another timepiece
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CALENDAR
MARK YOUR CALENDAR
Jetsetters, don’t forget to add these dates to your diary
1
ENGLISH NATIONAL BALLET: ROMEO AND JULIET
WHERE: South Bank Centre, London
WHEN: August 1-5
Watch the eternal story of Romeo and Juliet unfold
in this opera created by the English National Ballet
in 1977 to celebrate the Queen’s Silver Jubilee as it
comes to the Southbank Centre Royal Festival Hall
this summer. Sit back and be dazzled with Nureyev's
passionate choreography and Prokofiev's
exhilarating score performed live by English
National Ballet Philharmonic.
WA! WONDER
JAPAN EXPERIENCE
2
WHERE: Stellar Ball, The Prince
3
INTERNATIONAL CONFERENCE
ON CORPORATE GOVERNANCE
& BUSINESS ETHICS
WHERE: Village Hotel Albert Court, Singapore
WHEN: August 3-5
Hotel, Tokyo
WHEN: August 1 - September 30
An Argentinian Cirque Du Soleil style
group called the Fuerza Bruta
(meaning “brute force”) is about to
stun Japan with their Japanese inspired
“WA!” show. It has captivated
audiences in over 30 countries and
with all tickets being standing-only, it is
sure to be an interesting watch.
Global Business Research Journals (GBRJ)
and SDMIMD invite researchers, scholars,
economists, accounting and finance
professionals from across the globe to
submit their abstracts/full papers/case
studies at the upcoming conference which
focuses on ethical and governance practices to be followed not only by the corporate sector but
anyone involved in business and services activities with the motive of earning profit. After all,
profit should not be the only outcome of the business.
4
MASTER ILLUSIONIST – AHMED EL BAYED
TAKE OFF WORLD TOUR
WHERE: Al Raha Beach Theatre, Abu Dhabi
WHEN: August 3-5
If you are a fan of Criss Angel or Houdini-like artists, this
is for you. Master Arab Illusionist Ahmed El Bayed has
stunned audiences around the world with his unique
tricks, and has developed quite the following. Come and
watch his show in Abu Dhabi to experience it yourself.
This is one the little ones will be amazed with too.
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CALENDAR
LES FÊTES DE GENÈVE 2017
WHERE: The banks of Lake Geneva
WHEN: August 3-13
Get ready to yodel your way through the Swiss Alps, literally! The
Les Fetes de Geneve is an annual 10-day festival held in the early
days of August. There will be singers, music concerts and shows,
food stalls, games for kids and amusement rides, with the fair lit up
by their famous fireworks display. Attendees range up to 2 million a
year and many rooms get sold out for the time of festival - so be
sure to book early if you want to stay at Geneva's Hotel President
Wilson.
5
WHERE: Ayia Napa, Cyprus
6
LIVING COLOR MUSIC FESTIVAL
WHEN: August 5-6
As being the fabled birthplace of Aphrodite, the Greek goddess of
love, it should come as no surprise that the colourful and vibrant
Living Color Music & Arts Festival will be held in Cyprus. Watch
talents like Dmitri Vegas & Like Mike, Nicky Romero and Nervo
make you bust a few moves. International audiences have to purchase
tickets online and provide ID ticket info at the entrance.
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HANS ZIMMER LIVE
WHERE: Shrine Auditorium, Los Angeles
WHEN:August 11
Let’s face it; any movie without an impressive score is
soon forgotten. And when Hans Zimmer is the score
provider, you know what you are going to hear will be
otherworldly. The prolific film composer plays through
his silver screen hits backed by a sizable orchestra and
featured soloists during his live shows.
FESTIVAL OF FOLK ARTS
WHERE: Buda Castle, Budapest, Hungary
WHEN:August 17-20
This festival celebrates Hungary’s birthday on August 20th.
The fete is set on the open air courts of the Buda Palace, with
breathtaking views making you feel ou have stepped into the
medivial era, with cobblestoned yards, street food, live craft
shows and Hungarian Folk dance shows. The entry fee is the
same as the entry to the Budapest History Museum.
9
SWEDISH HOUSE OF FINANCE FINTECH CONFERENCE
WHERE: Swedish House of Finance, Stockholm
WHEN: August 22-23
This year’s conference at the Swedish House of Finance revolves around FinTech and deals with the ever increasing and
ever-changing use of technological solutions in the financial world. This two-day conference brings together representatives
from the finance industry, regulators, and leading academic scholars. The first day will feature key- note presentations and
panel discussions, aimed primarily towards a non-academic audience, while the second day is built around presentations of
research papers with comments by invited guest.
LA PERLE BY DRAGONE OPENING NIGHT
WHERE: La Perle Theatre, Al Habtoor City, Dubai
WHEN: August 31
Dubai finally gets it very own Franco Dragone production called La
Perle, or “The Pearl” as Dubai is fondly referred to as the Pearl of the
Gulf. The one-of-a-kind venue houses a state-of-the-art aqua theatre
with 130 cast and crew, and a 1,300 seat theatre purpose-built to host
Dubai’s first permanent show. With only 14 rows around the aqua-stage,
each seat offers an engrossing perspective as the action unfolds.
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mind
Explore alternatives to investment,
and discover why the international
real estate market is still a hot topic.
Take a look at powerful women
entrepreneurs and the lovely Lily
Collins, in an interview about
controversial discussions and her
love for Hollywood
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SPONSORED
A BUYER’S GUIDE TO
OFFSHORE INVESTMENT
Richard Bradstock, Head of IP Global Middle East discusses
the perils of investing in property
Purchasing property is seen to be a prudent
investment as it can provide an individual with a
solid income, increase their net worth and enable
portfolio and geographical diversification.
Property is often characterised as a stable and reliable
asset, when compared to more volatile alternatives like
stocks and shares. Finally, owning property can also bring
with it a sense of pride and security, being a tangible,
physical asset to pass on to future generations.
IP Global recently conducted a survey with respected
polling company YouGov, exploring the property trends
within the UAE market. We found that 33 per cent of UAE
residents plan to invest in property in their home country
rather than stocks, shares or bonds (21 per cent) while 13
per cent have plans to invest in property overseas in the
next year. Reviewing the results of the YouGov study from
a global perspective, residents of the UAE had the highest
percentage of people planning to invest in property abroad
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SPONSORED
Words by Richard Bradstock, Head of IP Global, Middle East
in the next 12 months, compared to Hong Kong, Singapore,
China and the UK.
The YouGov study clearly highlighted a strong appetite
for offshore property investment. However, choosing the
right market for your investment is key. At IP Global our
approach involves extensive research and due diligence
that can be best summarised by the ‘PIE’ acronym;
understanding each market’s population, infrastructure
and economy before making our recommendations to
clients. The simple reason for this is that as a location’s
population grows so does demand for dwellings, driving
property prices upward. Additionally, a government’s
approach to regeneration and improvement to transport
infrastructure often correlates with rising population
density, further increasing an asset’s value. Finally, a stable
and robust economy with diverse industries and growing
employment levels makes for a perfect investment
opportunity. However, before purchasing property
further, due diligence is required. Investors should
consider how easily you can extract your profit; researching
the income, capital gains and inheritance tax implications
of investing in foreign markets. Another important factor
to investigate is the process of obtaining mortgage finance
in international markets. For example, properties in Berlin
are now extremely popular because, in comparison to
British properties, they do not undergo capital gains tax
after ten years.
Although a market may make an attractive investment,
when purchasing overseas properties, it is important to
understand the entire purchase process, including the legal
and tax implications for foreign investors. Variables such
as how and when to apply for a mortgage should be
considered as the procedure changes significantly as per
each country’s jurisdiction which can present a challenge
in unfamiliar markets. A trusted mortgage advisor to guide
you through the process is often an invaluable partner. As
a foreign investor, it is also important to consider the
exchange rate and how currency fluctuations might affect
the investment in the medium-to-long term. Currently, the
strengthening US Dollar, combined with a post-Brexit
world, makes it cheaper for investors to buy properties
abroad residing in countries like the UAE, which is pegged
to the US Dollar. Once the purchasing logistics have been
confirmed, potential investors also need to conduct their
due diligence on their partners on the ground, assessing
the credentials of all involved, from the developer to
agents and lettings, to the property management teams.
Additionally, they must understand the local rental market
to ensure there is strong demand and future saleability
prospects. Again, choose your partners wisely – ensure
you are working with advisors that have a strong track
record of success.
Choosing a buy-to-let property can enable investors to
repay their mortgage via the proceeds of their rental income.
We have seen customer buying behaviour change in the last
decade, as due to recent world events investors are becoming
more cautious. Now our clients do not tend to buy trophy
properties outright, but use their budget instead buy multiple
properties in numerous locations – using mortgage as
leverage to maximise their returns and enable their money to
go further. On the other hand, many clients do possess the
total cost of purchase. Yet we would continue to promote the
strategic advantages of leveraging (borrowing money). By
using leverage to finance their investment, investors with a
large amount could not only buy more than one property but
buy types of property that they could not otherwise afford.
For example, a recent analysis of IP Global’s London
property portfolio found the return on property investment
was magnified 2.7 times on average using this strategy.
Once investors have bought their property it is
important to constantly asses the value and progression of
your portfolio and if necessary re-evaluate your strategy
whilst simultaneously managing tenants and property
upkeep. The majority of UAE residents come to the region
on a contract basis and so when the time is right, we advise
our clients to plan their exit strategy. By purchasing
overseas this gives you more freedom but, overall, we
recommend a seven-to-ten year minimum hold on an
investment property. To the majority of investors, the
legal, mental and financial implications of purchasing
overseas properties can be quite daunting. Therefore,
most rely on companies like IP Global, which has both
local and global expertise in research, consulting, working
with solicitors and facilitating the purchase and
conveyancing, arranging mortgages, lettings and managing
the property as well as advising on the optimal time for
reselling.
Ultimately, the advantage of acquiring offshore property is
that it provides continuous reliable returns through capital
growth and rental yields, whilst giving investors a passive
income with minimal active management. Individuals
wanting to drive their net worth, property is the most reliable
asset and with the existing opportunity to monopolise on the
strengthened US Dollar, the time to buy is now.
13
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FINANCE
THE REVOLUTION OF
THEMATIC INVESTING
How thematic investing has grown to become the next
disruptive innovation in the investing industry
By Itsparipassu
Prior to 1976, it was not possible for
investors to replicate the performance of
an index. Every stock that formed a part of
the index had to be bought individually
and fractional stock buying was not possible. Back
then, active mutual funds dominated the investing
world, where fund managers hand-picked stocks they
expected to perform the best. However, consistently
beating developed market indices was an extremely
hard feat for them. Almost 80 per cent of active funds
failed to sustainably beat their benchmark indices.
The reason for this was usually the fees charged by
the mutual funds. Managing an active fund costs
money – hiring a team of research analysts, building
research infrastructure, paying transaction costs for
buying and selling etc., ate away any excess returns
that the funds tried to generate. The famous John
Bogle (founder of Vanguard Group) pioneered index
investing when he launched Vanguard 500 (a lowcost
mutual fund that mirrored the S&P 500) in 1976.
His philosophy - “If you can’t beat 'em, join 'em” –
kick-started the revolution of index investing. Index
performance trackers such as Index funds and ETFs
took over the reins and ushered in the era of low-cost
passive investing. Investors were able to track the
performance of major market indices by paying as
low as 20 to 40 bps per instrument.
With technological advancement, such passive
index investment tools became available to all kinds
of investors on every investing platform. Vanguard,
iShares (by Blackrock), and many more prominent
players dominated the market and provided easy
access to these low-cost strategies. Once the
revolution took over in a sustainable manner, index
funds that tracked major sector indices started
entering the investing world. For instance, an investor
who was bullish on the U.S. market and specifically
the U.S. Oil & Gas industry could take exposure to 2
index funds – one that tracked the S&P 500 and the
other that tracked an index of major U.S. Oil & Gas
companies. Eventually, passive investing became
possible across various regions, as well as, sectors.
Today, we live in a world that is going through a
paradigm shifting regime. In intervals of less than six
months, technological innovations are responsible
for turning obsolete the most familiar facets of our
lives. People are adapting quicker to transformation
and have learned to anticipate the unexpected.
Analysts are spending hours, days and weeks in trying
to predict the next mega trend in the coming decades.
Will renewable energy take over, robotics be the next
leading industry or will big data analytics become a
necessary tool for corporates to survive? Similarly, are
flying cars set to receive billions of dollars’ worth of
investments? A vast majority of the new generation
investors are excited to jump in on these mega trends.
Most millennials have not only grown to distrust
large financial institutions with traditional offerings,
but also thrilled to see new offerings by technological
corporations, embracing the wave of digital investing
in long-run mega trends. Naturally, where there is a
demand for an untapped space, it gets met by frontrunning
innovators. An example of one such inspired
individual is Hardeep Walia, Founder of Motif
Investing. A few years ago, Walia was trying to invest
a trend at the moment, mobile internet. He was
advised by his peers to buy Apple’s stock. However,
he wanted a broad exposure to the entire ecosystem -
chip manufacturers, cell phone towers and operators.
At that time, no index existed for such a specific part
of the technology space and hence, there were no
funds or ETFs that tracked it. Buying single stocks of
various companies would lead to a massive
transactional cost so that wasn’t a prudent choice.
Recognising a gap in the investing industry, he put
together a team that created a concept-based
investing tool. The platform creates intelligently
weighted and diversified baskets of up to 30 stocks or
ETFs called ‘motifs’ that can be bought into for a
little less than $10 (Buying 30 stocks individually can
make the investor incur around $300 purely as
commissions). The motifs can be used to track
trends, such as the robotics revolution, or trading
strategies, such as ‘buy the dip’ and many more
creative thematic investments. It is possible to even
own fractions of shares in these motifs, something
that is not possible in traditional stock investing.
Over 150 investment styles have been created
in-house and investors can directly buy these or even
create investment styles of their own.
Similarly, PureFunds is another corporation that
is continuing to revolutionise thematic investing.
14
EQUITY

FINANCE
CEO of PureFunds, Andrew Chanin, realised that
people wanted to invest, were not covered by
ETFs yet. PureFunds licenses indexes that are
created by International Securities Exchange, LLC
(ISE). ISE creates indices for specific new themes,
such as cybersecurity, big data, fintech, drones,
gaming etc. and PureFunds launches low-cost
ETFs, that track these indices, into the
marketplace. Just like PureFunds and Motif,
several focused tools are penetrating the investing
world today. Strategies now exist that allow
investors to get exposure to any concept they wish
to buy into, be it technological mega trends,
innovative real estate investing or even trading
strategies they believe have the potential to beat
traditional benchmarks.
Today, such companies that are at the forefront of
innovative thematic investing are seeing massive
inflows into their strategies, which is proof that
investors are looking for alternative ways and means
to invest in the world that is their future. These firms
have disrupted traditional banking and conventional
investments and are innovating in line with the
desires of the new generation investors. Costeffectiveness,
unprecedented access, user-friendly
trading tools and, above all, concept driven
methodologies, have helped these firms in
revolutionising thematic investing. Numerous
competitors are recognising this trend and moving
away from traditional strategies. Thus, an increase in
competition will only serve to improve the experience
for investors. That said, many UHNWIs continue to
be unaware of these new generation investing tools
that are easily available to them. The main reason
being that conventional banking and wealth
management continue to propagate affluent active
funds and traditional investment strategies. It is
imperative that financial advisors lead the progress
and introduce modern age investing tools, such as
these, to their clients, lest they be left behind in
strategies turning obsolete by the day.
itsparipassu.wordpress.com
These firms have disrupted
traditional banking and
conventional investments and
are innovating in line with the
desires of the new generation
investors
15
EQUITY

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EQUITY

ENTREPRENEUR
WHO
YOU
GOING TO
CALL?
HOWARD
LEEDHAM
The former UK Navy Commando Pilot,
Clearance Diver and Special Forces Officer
Howard Leedham MBE, takes us
through his journey
Words by Nicola Monteath
PHOTOGRAPH BY ODILAINE MEJORADA
There’s something stimulating about interviewing a man
from the finance world, exploring his past ventures and
what brought him to this side of the world. Especially if
that past involves tales of war and leading a force of
soldiers to raid Taliban camps and hunt down victims in Pakistan.
Howard Leedham isn’t exactly your run-of-the-mill finance expert.
He didn’t graduate from an Ivy League, or even in economics or
finance as a matter of fact. However, his journey has led him to
become the Chairman of Dubai-based hedge fund firm Dalma
Capital and most recently, a partner at Consilium. Upon meeting
Howard, I could sense a sort of mystery, one where you get the vibe
that much has happened in this gentleman’s life. He’s calm, almost as
though everything in the past is a distant memory, with the excitement
of his latest venture, Consilium, taking over. Thankfully, this makes
our interview a breezy chat that goes on longer than I anticipated.
17 17
EQUITY

ENTREPRENEUR
Howard began his career at the age of 18 as a diver, due to
not being able to afford training. “I joined the Navy, became
a clearance driver and was in bomb disposal and the
clearance diving team for four years. I soon realised that
divers don’t have much work and decided to become a pilot.
I passed all the tests and went into flight training to pursue
my career as a commando pilot. That was my first real brush
with the men from the Special Forces,” he tells us. Soon
after, Howard found himself joining the Special Forces,
serving three tours thereafter. His love for flying never
weaned throughout and Howard found himself between
flying and at the Gulf War with the US Marines. As with
to run his firm and told me he could teach me everything I
needed to know about convertible bonds in six months.”
Howard is the go-getter, take-up-a-challege type of
individual. That said, life had other plans for him and he had
to refuse the offer, as this came immediately after 9/11. The
reason why was as terrifying as exciting, with Howard being
commissioned by the US Government for a year-long
mission in Pakistan. Kindly enough, the gentleman with the
offer said, “serve us the courtesy of living through the next
year, we’ll serve you the courtesy of offering you the job
when you’re back.”
“To me there are two types of adventures. One, which
most army men, there comes a time when you feel you need
to spend more time with the family and so Howard left the
Navy to settle in the US, where he got the opportunity to get
into business aviation in Maryland. “They had all the right
certification but not the size of business I needed. I decided
to advertise management of business jets in the business
journal and lo and behold, it took off.” Opportunities came
along, and one such offer altered the course of Howard’s
life. “The CEO of a hedge funds company offered me a job
people are aware of and the other that happens when you
reach your destination. You know it’s an adventure when
you’re on ground but it’s an adventure you may not want to
experience ever again,” he tells us. That’s exactly how
Howard felt when he was commissioned. “I rounded up
militia and off we went for our mission,” he says. The
conversation went off record for a few minutes, where we
discovered his near-death experiences and stories that can’t
be disclosed. But from the sounds of it, the risk Howard
18
EQUITY

ENTREPRENEUR
took gave him a story to write home about. And years later,
for the public too. After much persuasion from comrades,
he released his first non-fiction book, Ask Forgiveness, Not
Permission, revealing gritty details of his tenure in Pakistan.
Fast forward a year and Howard saw himself joining the
gentleman who offered him the position. “I used to pass
through the UAE when going to Pakistan and always
thought ‘Wow, this place is like a gold rush.’ When I got
back, I joined the company and pressed them into setting
up here,” he tell us. After two-and-a-half years Howard
left the company, and assisted with the launch of several
other hedge fund firms before joining Dalma Capital.
“What I learned about the financial industry is that you
need two sorts of people, in my opinion. Those who focus
specifically on what they need to do, like Portfolio
Managers, and those who I term as generalists, who run
the company – they know the strategies, the know-how,
but they don’t make the investments.”
While he still has a foot at Dalma Capital, his heart and
soul are wholly at Consilium. “I like to build things and
make a difference. Trying to make a difference is very
difficult with hedge funds where around – a random
throwaway figure – but probably 90 per cent of the assets
are managed by 10 per cent of the company, and yes,
To me there are two types of
adventures. One, which people are
aware of and the other that happens
when you reach your destination. You
know it’s an adventure when you’re on
ground but it’s an adventure you may
not want to experience ever again
there’s something for you there but trying to make a
difference isn’t easy. That’s one of my frustrations of the
finance sector,” says Howard.
Judging by his past, Howard relishes the thrill of being on
his feet at all times, especially for work. Two to three years
ago, he was invited to a lunch in London by a man who
served with him in the Special Forces, now his business
partner, Simon Fordham OBE. “Him and another
gentleman said they were going to roll security companies
into one, offering risk management and crisis response.
They had a great solution to create a global footprint and to
deal with only the things we specialised in. I thought this
was a great idea and out of that Consilium was born.”
“For me, I feel like I’m building something here and
making a difference. We do crisis response wherein we deal
with kidnap and ransom negotiation. We are retained by
numerous insurance companies, so if there is a kidnap the
company calls us and we react immediately. Two to three
months ago we had a case where three people were
kidnapped. It was a three-week process and we got them
out. It’s an amazing feeling when as a company, you go
through this and get the job done,” says Howard. The
company specialises in various other services, including
specialist consulting and advisory. If either government
cooperates or individuals think they are going to have a
problem, or do, then their team is called in. “One of our
team members always know the answers, we’re a great
brunch. One of the members was a Former Colonel in the
UK, while the other is a forensic accountant, we are all part
of the brotherhood. We also have a cyber security team and
it has really started to take off as people are becoming more
and more aware,” he says.
Besides concentrating on the global footprint, they are
also focusing on specialised services that will roll out in
Q4. At the moment, Consilium is based in London, Lagos,
Abu Dhabi and Milan, with an affiliate in New York.
“We’re setting up West Africa, and that’s more boots-onthe-ground
operations. In Abu Dhabi, we were the first
security company to set up at the Global Market, while in
Dubai, we have a corporate membership with Capital
Club.” The company also looks after HNWI families when
they travel abroad.
Through the eyes of a layman, Howard is a brawny army
man. But as we chat about life, visits to unfortunate
countries and his humanitarian efforts, we discover he is
soulful too. “I tried to launch a charity that would airlift aid
to countries that require it and almost got there, everything
was good. But, 9/11 happened,” he tells us. “My view is this
is going on all around the world and we live in a privileged
environment. If something happens to us, we know
someone will come and risk their lives to save us. What I’ve
seen is that in unfortunate places, if a person gets ill or the
building collapses, they know that nobody is going to come
and they have minimum hope of survival. So, the concept
of trying to put something together was that at the back of
mind they know someone will get there,” he tells us.
While it is on the back burner, Howard has much to be
excited about. As we delve into his book, we learn that the
movie pilot was created with the film going into production
at just about any time. I began to imagine the blockbuster,
the feeling of having once interviewed the protagonist, but
began to wonder, who would play the lead? “Anyone but
Tom Cruise,” he laughs and reveals, as we go on into a
discussion about our background and life in the UAE.
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BUSINESS
MONEY
MEN
V
The CEO decides how much you get paid, but who decides his pay? Enter
the secretive and complex world of the executive compensation consultant
Words by Varun Godinho
Warren Buffett and his chief
lieutenant Charlie Munger are
united in their overt distaste for
executive compensation
consultants – professionals appointed by the
boards of some of the world’s biggest companies
to determine the compensation-and-benefits
packages of its top bosses. At the annual Berkshire
Hathaway annual meeting in May this year, Buffett
said, "If the board hires a compensation consultant
after I go, I will come back – mad," while Munger
added, “I have avoided all my life compensation
consultants. I hardly can find the words to express
my contempt."
But is the business of compensation
consultants getting an undeserved bad rap?
“There is always a risk of us having an inflationary
pressure on compensation. But the more
balanced view is that we act as a controller and
brake on executive pay. We’re very aware of what
the market rate for a job is and the HR
professionals inside the institutions that we deal
with need third-party validation of what they are
doing. In many instances, I find myself arguing
for compensation to go down rather than up.
That’s the bit of the discussion that Mr. Buffett
might miss because he only receives the headlines
where the numbers are going the other way,” says
Dubai-based Martin McGuigan, Partner at Aon
Hewitt Middle East, who also heads up the
McLagan division at Aon that specifically deals
with compensation within the financial services
sector in the MENA region.
Globally, Aon Hewitt is one of the biggest
players in the industry – reportedly, over 70 per
cent of the Fortune 500 and FTSE 100
companies in America and the UK have
contracted its services to determine the pay of
its upper-crust management.
Contrary to what you believe, these
consultants aren’t the empowered sharks that
dole out packages worth tens of million on a
whim to slick CEOs. McGuigan explains its
business model. Most organisations have what
is known as an internal nomination and
remuneration committee (NRC). The NRC is
tasked with finding executive-level candidates –
often accepting names pitched by headhunters
– vetting and interviewing them and, most
importantly, will act as the penultimate authority
on determining the quantum of pay.
To help them reach that decision though, the
NRC cannot rely on headhunters who are
motivated by securing a higher pay for their
candidate because they are paid a percentage of
the final package. Instead, they turn to thirdparty
neutral external bodies like the Aon
Hewitt to gather market intelligence on what
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BUSINESS
executives within the candidates’ peer group are
being offered and to advise on a fair
compensation package. Does he think that
compensation packages are far higher today
than they should justifiably be? “If a CEO is
going to make you a billion dollars and you want
to pay him 50 million, shareholders will say,
‘That’s fine. We’re going to make 950 million.’
There is no limit to how much it should be or
could be, but the control should be in the design
of the incentives that ensures that shareholders
are taken care of first, and that the employees
are always paid after the shareholders,” says
McGuigan.
In the wake of 2008 crisis, reports of millions
being disbursed among the senior management
of freshly-bailed out financial institutions
caused shareholders to rile against the system
that allowed these excesses. As McGuigan
explains, 2008 led to the creation of governmentbacked
financial legislation and checks-andbalances
to prevent the abuse of the system,
though they’ve fallen short of entirely remedying
the matter. “The way compensation packages
are set up is that one-third is guaranteed pay,
one-third annual bonus, and one-third are longterm
incentives like equity. It’s the bonus and
incentives that are directly correlated to the
performance of the organisation they lead, and
that component was previously entirely at the
discretion of the shareholders. However, in
Europe you now have CRD IV regulatory
authority that mandates that the bonus of those
in the financial services sector in the European
Union, can be a maximum of 100 per cent of
their fixed component. That didn’t bring total
MARTIN MCGUIGAN, PARTNER AT AON HEWITT MIDDLE EAST
If a CEO is going to make you a billion
dollars and you want to pay him 50
million, shareholders will say, ‘That’s
fine. We’re going to make 950 million.’
There is no limit to how much it should
be or could be, but the control should be
in the design of the incentives
compensation levels down. It was, in fact, bad
for shareholders because the guaranteed
component of the compensation was increased
so that they [the executives] would be eligible
for 100 per cent bonus of a bigger number.”
That took away the uncertainty of having
these men and women work harder to secure
larger bonuses. The higher fixed component,
says McGuigan, also had an adverse knock-on
effect on end-of-service benefits, pension, and
national insurance, among other things.
In countries like America, regulation has had a
better impact and now beginning to stick. “In the
States, the same regulatory pressure was applied
via Dodd Frank, a consumer protection act put in
place by the US legislative institutions, in 2009. It
capped compensation for senior executives and
bank professionals and spelt out exactly how the
risk and reward mechanisms should be linked.
They made a very strong linkage on how people
were incentivised and the risks they took which
were previously responsible for the collapse of its
financial institutions.”
Everything isn’t always above board though,
and there is a more sinister side to the
compensation consulting business. To navigate,
sometimes circumvent, these international
regulatory mechanisms, often companies will
appoint compensation consultants to sit on
their board and NRC councils. “You can’t
design [the compensation and benefits] plan and
then sit on the same boards and say, ‘What a
great plan that is.’ Believe it or not, five or six
years ago, you could have done both.”
“So now we’ve seen many [compensation
consulting] companies split the design and
consulting part from the regulatory advisory
part so that they can work both sides of the
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BUSINESS
fence, but under two completely different
company structures. Those employees are very
clearly divided by Chinese walls internally.”
The compensation consulting industry isn’t a
one-size-fits all operation. The packages structured
are varied across financial markets worldwide. In
the West, executives are gung-ho on equity as their
long-term incentives. In the Middle East, where
many large corporations are family or state-owned,
cash is still king. “In the Middle East, 95 per cent
of the deals are cash based and this won’t change
in the foreseeable future. Historically, we’ve had a
transient population in the region. So when you
bring talent in, they are interested in a cash deal
because they are able to up
sticks and leave with no
encumbrances to taking the
money with them.”
While the matter of
executive pay in the Middle
East isn’t very closely
regulated or as structured as
it is in the West, things are
changing even it’s still a case
of the cart leading the horse.
“There are many well-run
forward-thinking
companies who are
divesting responsibilities
outside of its family
members to professionals.
To secure the contract of
these talented individuals, they [the companies]
will revamp and reinvigorate their internal
perspective on pay and use proper executive
compensation metrics and techniques. It is
happening, but slowly.”
The executive compensation business is here
to stay. As McGuigan saliently points out,
companies will always require third-party
validation and intelligence on the prevailing
market conditions during the hiring process.
“Shareholders will always demand an expert
point of view on the reasonableness of what is
being put in front of them.” If McGuigan is
right, Buffett might never be able to rest easy.
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CELEBRITY
REFLECTIVE
ENCOUNTERS
Lily Collins chats with Christopher Hooton about her humble beginnings,
latest Netflix movies and fascination with old-school Hollywood
Lily Collins has had a busy year, appearing in
Warren Beatty’s Howard Hughes biopic Rules
Don’t Apply, Netflix’s biggest feature film yet,
Okja and starring in one of its latest indie films,
To the Bone (streaming now - the story of a girl dealing with
anorexia. I caught up with her on a warm Tuesday afternoon
at the Corinthia Hotel in London.
There’s common ground here, you studied journalism
right?
Yeah I went to USC. Broadcast Journalism and
Communications.
I’ve always ultimately wanted to be directing and I’m
trying to segue into that - with you, was it the case that
you studied journalism and did a little after college, but
the hope was always to go into acting?
Yeah, I always knew that I wanted to act. But I was always
super intrigued about asking questions and seeing human
nature and human response and knew it would better inform
me as an actor. And then, taking that on camera, I could
better understand my angles, what it was to edit, how edits
happen and how to take direction. There are so many facets
of the industry I think can be applied to other areas you
wouldn’t necessarily associate them with. So having those
skills is really important because a lot of people in the field
you end up in haven’t necessarily had the type of experience
you’ve had. It can give you an interesting perspective I think.
You’ve done some wild stuff in journalism, I read that
you covered the 2008 presidential election for
Nickelodeon!
[Laughs] Yeah! It was really fun - I got to do the ’kids pick the
president’ campaign which - I was 18 at the time so it was my
first time voting, I had a lot of questions myself, so I got to go
out in the field and ask questions for the kids but also for
myself, which was interesting. I got to be there for the
inauguration and all the parties afterward and the conventions
too, it was crazy.
You know that Nickelodeon kids' president poll has
only been wrong like twice! It’s a more accurate
predictor than many broadsheet polls.
No way, that’s so funny!
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CELEBRITY
IMAGES BY SHUTTERSTOCK | WORDS BY CHRISTOPHER HOOTON | THE INTERVIEW PEOPLE
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CELEBRITY
So with To The Bone, you had personal experience of
anorexia, right? When you were approached about it
were you immediately like ’yes, I want to draw on it’ or
was there a wariness and you weren’t sure whether you
wanted to make that part of your life something to put
on the screen?
So I was sent the script by my team who didn’t know my
association with it [anorexia] at all - they just thought it was an
amazing opportunity for an actor. I’d ironically just written a
chapter in my book about my experience with eating disorder a
week before, so I was already reliving it by reading journals
from that time period. It was like the world in a kismet situation
saying ’this is something that maybe you need to expand upon,
something you can may bring to more people - start a larger
conversation.’ Before I read the script I was hesitant to step
back into those shoes when I’d gone so far away from them but
I also figured it’s about telling a larger story, so I gave it a shot
and when I did it hit me in the gut - the writing was so spot on;
I could really relate to some of the experiences in it. It was witty
and had this dark humour that I think only someone who’d
gone through it could write. It was semi-autobiographical for
Marti [Noxon, the writer-director] so that made total sense,
and when I finished it I called up right away and was like ’I have
to meet with somebody about this.’ I met with Marti who had
no idea about my connection with it whatsoever; we started
talking, had a little bit of a lovefest and I explained to her my
association with it and what I could relate to. And that was it
really, I went home and expressed to my team my hopes of her
liking me and she expressed her hopes of me liking her and it
was kind of like a marriage from there.
A film like that needs the humour doesn’t it, otherwise it
can get a bit morbid.
Yeah, it’s already a dark subject matter so you want to make
sure you have lightness in there. Also, there’s a real truth to
dark humour being used as a deflection from issues, especially
with this kind of topic, you don’t want to address the elephant
in the room, you just want to deflect, deflect, deflect. I
personally used dark humour or in general in that way and so
did Marti. My character, Ellen, is very sarcastic and fun and
witty - she’s a bright young women who got a lot of darkness
in there.
And the scenes where you looked very emaciated, I’m
guessing some it was body doubles, some of it was VFX?
So some of it was me, some was a young woman who was in
recovery, and they kind of molded the two of us together.
The shot at the end is obviously not me that’s CGI, but it’s a
dream sequence so you can kind of allow that.
You obviously had to stay really thin for the role as well,
was it weird having to go back to the kind of behaviour
you’d put behind you, in terms of really worrying about
what you eat?
It was, but what was weird about it was someone else telling
me what I could and couldn’t eat. It wasn’t about the
satisfaction of me controlling it, it was actually being held
accountable by a professional. And I started to go like, 'well
maybe I want to eat that,’ and I had to remind myself it’s for a
greater purpose. So, I wanted to eat, whereas before it would
have been me telling myself I didn’t. It was interesting being
held accountable throughout the process; I had a lot of
people supporting me to help me through it. But also, I feel
proud of the fact that, because of the regimen and
supplements I was on as well as constantly eating throughout
the day, I never forgot my lines, I was never late and never
skipped out on work or was ever overly tired, and I had a
great time shooting. I think a lot of what propelled me
forward was that I was so passionate about the story and
determined to get through it, make it to the end and have that
feeling of pride. I knew the greater purpose of the story was
much bigger than myself and that there was potential for
change after this movie or at least a conversation starting
about the subject matter, so I didn’t want to mess it up.
Obviously, it was a little bit of pressure, but sometimes
pressure can be good.
So what is the healthy way they recommend actors to get
down to a small size for roles?
There really isn’t a recommended way. I know other actors
who would literally eat a piece of fruit a day and smoke a lot
and drink a lot of coffee, and that was totally not the vibe I
wanted - I don’t even smoke - so I don’t condone that and, I
reminded myself they’d hired me as an actor, not for the
potential of what my body could look like. And so, it was just
about limiting certain food groups, having smaller portions,
lots of water and just the basics really. But always having
supplements with every meal as well to make sure your body
is functioning properly.
I know one obviously draws on one’s own life with every
role to an extent, but did this movie feel different
because it was something so close to you, did it feel
easier to tap into the emotion when you were in the
scene?
It definitely was a dissimilar type of experience for me and,
watching it back, I can spot the moments where I’m actually
having revelations of my own in the movie as myself, because
the way Marti wrote the script is so accurate and there are
things I’d never been open to talking about or ever really
spoken to a professional about. The therapists in the house
talking about why people stay in disorder or what we like
about it, for instance, was so spot-on and creepily similar to
my mindset at the time that I was just in awe that someone
understood me, and that’s what Ellen’s going through in that
moment, you know, someone’s caught me out’.
I really was so present in this movie that I allowed myself to
have those moments of clarity and they just happened to be
captured on film. Like the scene in the bathroom where my
step mom makes me step on the scales, take my clothes off
and she takes pictures of me and asks me if I think they’re
beautiful, I didn’t know that Kerry Preston, the actress,
was actually going to use the iPhone and take a photo - I
thought she’d turn it around and there’d be a blank screen -
but she took a photo of me and it shook me in that moment
because I was faced with something that I just hadn’t seen in
myself. When you’re in disorder you don’t see yourself the
way that everyone else does really, it’s distorted, so that was a
real moment that shook me as Ellen but also as Lily. To
the Bone provided me a lot of those ’aha’ moments.
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I think in order to start conversations about them you have to take
the taboo out of it, you have to put it out into the universe in some way
Did you see the whole furor about Netflix’s 13 Reasons
Why?
I know that there was controversy surrounding it, but I think
when you take any subject matter that is so relevant today
people are really afraid to talk about, or don’t know how to talk
about, there’s always going to be negative attention because it’s
uncomfortable. With 13 Reasons Why, that’s something they set
out to do from the start, this [To The Bone] was something that
we’re indebted to Sundance in that they acquired and wanted
to distribute it. In both situations I think it’s to be applauded
that they’re taking risks on subject matter like that, because I
think in order to start conversations about them you have to
take the taboo out of it, and in order to do that you have to put
it out into the universe in some way, and entertainment is a
perfect platform for young people to pay attention. I think
Netflix is really bringing change because conversations turn
into change. There’s going to be negative attention with
anything that people consider uncomfortable.
It was weird to me because it seemed like everyone was
coming from a liberal standpoint, but what they were
asking for was essentially censorship, for the approach
to be ’let’s just not talk about suicide and pretend it’s not
happening’.
Yeah, not talking about it’s not going to help. I wrote a book
last year and the whole point of it was for readers not to feel
alone, and in order to not feel alone you need to be able to
share experiences with people, and that comes from opening
yourself up and talking about what can be quite terrifying.
The idea that you’re not alone also promotes the idea that
asking for help is not a weakness, it’s a strength, and I think
so often we consider needing help as meaning we can’t handle
things ourselves, when really we’re just seeking out someone
else to understand us, and I think these shows and this movie
is a way of doing that.
I’m always interested to ask actors how they feel about
social media, because with so many industries now it’s
become an accepted part of things and is just expected
that people use it. I was talking to Alicia Vikander a few
weeks ago and she was saying how she prefers just not
to have it at all; I know you’re on Twitter and other
mediums, how do you deal with social media and how
much do you engage with it?
It’s interesting, I was pretty against social media at the very
beginning, because I love old Hollywood actors and actresses -
the mystery around them. A real mystery and like, studios kept
them secret. I was talking to Sir Michael Parkinson recently on
his radio show and he was saying how it started at the very
beginning of people being allowed to even go on talk shows.
They didn’t come with publicists, they’d never done it before
and there was almost no censorship because they just wanted
to share things. And now it’s interesting because you can more
easily control what you put out there and what you don’t. The
journalist in me always loved relating and socialising and
connecting with people, but there came a point where I needed
to make a decision to stop that being my focus and really focus
on acting - an audience are only really going to believe me as a
character to an extent if they don’t know me as Lily that well.
Instagram was the first place I went to because I could
express my love of photos and I thought well, photos speak
for themselves and I can just add a little caption, but it created
this positive environment for young women supporting each
other that I wasn’t expecting and it was that interaction that
inspired me to write my book because they were all telling me
their insecurities and their experiences assuming I couldn’t
relate because I was an actor, whereas that was the furthest
from the truth, I had just never really been open about it
before. I wrote my book to basically say, ’wait a second, I
actually can relate completely to you and I wanted my voice
to be unfiltered, which is the title of the book, and also the
photos in it to be unfiltered.
It’s difficult, I really enjoy social media - certain forms of it -
because I get to connect with young people around the world
and really use my voice in a way that hopefully encourages others
to as well, but also you do risk opening yourself up too much. I
think if you can get a grasp on a balance, then that’s a really good
thing, it’s healthy. It’s not easy, but I think I’m finding that
balance and grateful for the interactions I’ve had on social media.
That said, I don’t like, check it all the time, I’m not constantly
tweeting and updating everything - Instagram’s the one I feel like
I really curate because I love photography and visual art.
Instagram’s weirdly my favourite one too, even though
on the surface it seems all about façade.
Exactly, it’s a lot of fast-paced opinions and that’s great that
people are using their voice but, personally, I think photos for
me say more.
I haven’t heard much about The Last Tycoon in a while,
is that still happening?
Yes! I shot the first season like a month ago and it comes out
this summer. I’m hoping people like it and that we go to a
second season which would be amazing. It’s fun; it’s the
golden era of Hollywood and we get to really dive deep and
go dark in it as well.
I can tell old school Hollywood is obviously in your
interest what with Rules Don’t Apply as well.
I know! I’ve really got the period stuff covered I guess, that’s
why it’s been fun to do To The Bone and Okja and go outside of
the box people might put me in, because that’s the last thing
I’d ever want as an actor. I want to keep switching it up, to
surprise them but also mainly to keep myself guessing.
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EDUCATION
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EDUCATION
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Fees: Dhs13,300
If you enjoy collaborating with an interior expert or designing your home
and shopping for accessories and artsy pieces at treasure troves, this may be
one for you. Textures, colours, structures and worn-out pieces of bits and
bobs might inspire you, making you feel as though you can transform a spare room or a friend’s attic. Cement your desires with
a qualification. Founded by the famed Giulio Marangoni, The Instituto Marangoni offers an executive short course for those
familiar with the rigours of interior design. The course will guide participants through the latest trends in the contemporary
interior design sector presented during Salone del Mobile (the international reference point for the furnishing and design
sector, often setting the benchmark worldwide) by developing a style capable of defining decor with originality. Whatever
artistic abilities the participants have is fine-tuned and honed into stellar skills at the Institute.
THE PERFECT PICTURE
The course: Digital Photography Workshop Overview
Venue: New York Film Academy
Destination: New York City, USA
Dates: September 11 - October 7, 2017
Fees: Dhs15,000
Ever get that feeling of being a photographer whenever you hold
a sophisticated camera with a lens so powerful, you can see the
moon at daytime? Your wish may come true. The New York
Film Academy provides a digital photography workshop where
students are immersed in the art and craft of still photography
and introduced to the tools necessary to capture great images
and refine them through digital imaging. Students are further taught the artistic and aesthetic element of their work
through various photography techniques. No experience is required to enrol in the program and it is mandatory for
students to bring their own camera with manual exposure control. If this hobby turns out well for you, you could
perhaps exhibit your work someday.
LEARN TO SURF
The course: Surf Development Course
Venue: Mojo Surf
Destination: Sydney, Brisbane, or Baron Bay, Australia
Dates: Available all year round for one month, five
days per week
Fees: Dhs11,600
Australia brings to mind a land of sun and surf, with
miles of endless sandy beaches and breathtaking
scenery. The sunny coast down under and shimmering
waters beckon keen surfers and water enthusiasts. The
courses here are the ultimate learn-to -surf experiences.
At the camp, you will focus on improving your technical
skills, awareness, physical fitness and basically learn to
live and breathe like a surfer. You will also be challenged
and coached through various levels of development.
There are quite a few packages to choose from but as a
novice, this is the best, followed by the other complex
courses, if you are up for the challenge.
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LOCAL STAR
#SUPPORTLOCAL
Discover this entrepreneur’s journey
Kuwaiti-national Nora Al
Ramadhan, Co-Founder
and General Manager of
Apotheca Beauty was
born and raised in her home country
with her sisters, who are now her
partners. Having grown up in a
household primarily dominated by
women and an inspirational, healthconscious
mother, it was only natural
for her up-bringing and career to be
sparked by her love of beauty. Her
career didn’t begin within the beauty
industry though, she spent six years in
the US, acquired her B.A. in Finance
from the University of Southern
California, and set foot into a career on
Wall Street in New York.
Tell us about your company?
Apotheca was formed by three sisters,
all of us equally fixated with finding
the perfect solutions to our everchanging
beauty needs. We exclusively
distribute a curated selection of beauty
brands, each of which excel in their
category of beauty. We have been
customers of these products ourselves
and have collectively experimented
with nearly every treatment and
regime. Everything from the look to
quality of the products is taken care of.
We then analyse the potential of the
brand by confirming there is a gap for
it in the home market. It’s important
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LOCAL STAR
to us we keep our portfolio small and tight, so we are able to
dedicate ourselves to the commitment each brand needs, as
opposed to bringing anything and everything.
What field were you in before you launched your brands?
Before launching Apotheca, I was working in investment
banking in New York. Having majored in finance, the natural
move was to spend time in the financial hub of the world and
learn all that I could. In doing so, I became fascinated with
studying retail companies – analysing the steps each took to
evolve and innovate in their industry.
How long has it been operating?
Apotheca has been operating for a little more than four years
and has been growing strong ever since. We have a lot of plans
coming up, including the launch of our e-commerce site later
this year, in addition to the regional launch of new brands. We
are constantly busy and deriving new ways to get the products
that we love into the hands of our customers. Prior to launching
Apotheca, we studied the market and noticed a serious niche,
young beauty brands. While there was a demand for such
specialty brands, the market still seemed to lack diversity in
beauty. From there, Apotheca was born.
What have been your major challenges till date?
There are a range of challenges – such as legal processes and
registrations can take a lot of time, and be difficult to
complete particularly when we enter new countries. It has
often been challenging to be taken seriously in male
dominated societies. Also, hiring is always difficult, and
finding quality staff can be a challenge. Probably the largest
challenge, though, is educating the market on the importance
of skin-care being equal to that of cosmetics.
Where do you see your brand in five years?
We plan to continue to expand our brands into new territories
and retail partners. Our goal is always to ensure the growth of
our brands is in line with their philosophy. We are also very
fortunate that our brands continue to launch new and exciting
products that we can then bring to the region.
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EQUITY

THE CASE FOR SHORT-TERM PHILANTHROPY
IS JEFF BEZOS RIGHT ABOUT HERE-AND-NOW PHILANTHROPY?
V&A MUSEUM’S INCREDIBLE
MAKEOVER
The Victoria and Albert Museum gets a $70
million revamp
AUDEMARS PIGUET
X HOTEL BYBLOS
The Swiss watchmaker
pays tribute to the
iconic Hotel Byblos
celebrating its 50th
anniversary this year
MICHAEL KORS
BUYS
JIMMY CHOO
BALLOON-POWERED SPACE
VOYAGES IN 2018?
Your next holiday destination: Near-space
The $1.2 billion deal
is a significant fillip
for the American
fashion major
Follow us on social media
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EQUITY
EQUITYMEDIAUAE

ody
Discover the latest trending
colours, collections and
timepieces to add to your
wardrobe. Spa treatments
are aplenty in this city, but
here are two apt for the
season and weather
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TRENDING NOW:
FASHION
The depth of this hue of yellow makes it a transitional colour for the season to come. The less intimidating
deeper shade of yellow offers a cheerfulness to outfits, making it easier to wear from office to late
night soirees. On the runway, Preen and Chloe showcased the trend in romantic silhouettes, with
subtle pleats, neat structured shapes and ruffles, for a sophisticated feminine take. To wear it, without
being over-the-top, carry a mustard yellow bag to accesorise with a statement piece, or pair the top
with white trousers for a classic elegant day-time look. We love the sleek Galvan Lace-Trimmed velvet
slip dress (seen here) for impromptu gatherings. Layer it with a flowy sheer kaftan, a denim jacket ot
wear it on its own, with a pair of vibrant earrings that gracefully brush your shoulders.
TALITHA
MASAI
EMBROIDERED
COTTON TOP,
Dhs 2,190 at
Boutique 1
MARTIN GRANT RUFFLED
SHIRT DRESS, Dhs3,819
at modaperandi.com
Sylvie stud messenger bag at
MICHAEL KORS
GALVAN LACE
TRIMMED VELVET
SLIP DRESS,
Dhs9,165 at
modaperandi.com
Handbag,
Dhs4,145 at
MULBERRY
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TRENDS
The
CHECKLIST
Chic picks to keep you vogueish this summer
SUMMERY TEXTURES
Movement and an airy vibe come across in Halston
Heritage’s latest collection, with a palette of soft blush,
almond and sultry whites. Light ribbed cashmere tanks, a
white trouser suit, and satin gowns allow for effortless
dressing, while a sleek printed red midi and black gown
showcases understated elegance for evening wear.
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TRENDS
MICRO TREND:
OVERSIZED EARRINGS
More is definitely more with large circular
earrings that are bang on trend for seasons
to come. Don a pair of statement earrings,
such as this bohochic pair from Olivia Dar,
for a bold look that puts jewellery at the
forefront. We love the hand-beaded details
and tassels on this shoulder grazing piece.
Available at sauce concepts stores.
LUST-WORTHY
Shoes are stealing the limelight
at Fall Winter collections. And
while we just aren’t there yet in
terms of weather, we are in
mindset. Take your pick: Above,
Dhs2,250 at Mulberry, and on
the left, Penelope Arty
collection, Dhs7,660
at Longchamp
GOLD AND COLLAGEN – THE PERFECT MATCH
Jetlagged skin reveals ageing, dehydrated skin and a lack of
radiance, and let’s face it, it isn’t a look adored by any. This
month we’re unwinding with the Gold Collagen Hydrogel
Mask, that immediately cools and when reaches body
temperature, allows the active ingredients to penetrate
through the skin. The beauty saviour contains hyaluronic acid
to plump skin while keeping it moisturised, pearl extracts to
aid inflammation and wound healing, botanical complex
including houttuynia cordata leaf and green tea leaf extract
to protect against climatic conditions, and glycerine for that
perfect glow. Available at Boots and Gold-collagen.com
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IN STYLE
HOP
talk
The stores to visit for
Syour next shopping haul
SCANDINAVIAN
ORIGINS
If you’re a fan of By Malene Birger, Acne
Studios and Scandinavian brands that
have achieved perfection with structure,
textures and cuts, then look no further
than Twisted Roots by Emirati/
Danish designer Latifa Al Gurg. The
contemporary womenswear label’s
latest collection, The Savannah, features
khaki, camel, nude and ivory hues,
stemming inspiration from the African
Safari. Shop for delicate silk camisoles,
button-down shirts, sleeveless cardigans
and belted safari style jackets for a
neutral tone summer wardrobe.
The brand is available at Robinsons,
BeYou, Ush Boutique and House of Fraser
MIXING OLD WITH NEW
Mulberry’s Fall/Winter ’17 collection takes us
right back to the 70s, with equestrian and country
looks making a comeback, to form a stimulating
collection fusing the aristocratic with urban, and
countryside with city-life. The result, a distinct
combination of patterns, elements and fabrics
making you reminisce clothing spotted at a vintage
store, except, with a stylish upgrade this time
around. Sturdy tweeds, Edwardian embroideries,
dainty lace and elongated hemlines are
showcased in blouses, jackets and pieces that can
be thrown on to form a sophisticated fluid
ensemble. The autumn winter palette features
caramel, oxblood, ginger, rich Mulberry green,
rust and a bright buttercup yellow, along with
pastel tones. Accessories are nothing short
of exemplary with signature quilting and
bijoux charms showcased in handbags,
while smaller leather bags are evocative of
hat-boxes and antique luggage.
BUG’S LIFE
Your teen may want to borrow
your Momento Fendi Bugs
timepiece from time to time
and we wholly understand why.
With playful elements and a jolt
of vivacity, the iconic eyes set
with two diamonds on a silverwhite
or black dial and intricate
details lends an endearing charm
to just about any outfit.
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WELLNESS
INDULGE
YOURSELF
Tried-and-tested experiences of the month
SHINE SPA
The treatment: Elemis high performace skin
energizer facial
Verdict: Connected to Sheraton Grand Hotel Mall of the
Emirates, the spa is a great escape for when you’re lingering
around the mall while little ones are at play, or when you’re in
need of a pick-me-up. We were in dire need of a thorough
cleanse, and the added pore minimisation, cell regeneration
and pigment reduction didn’t hurt. Elemis products are used
for all treatments, offering natural ingredients sans harmful
chemicals, that leaves skin hydrated and cleansed. A run-down
of the treatment was given to let us know what we opted in
for. A quick cleanse, inhalation of floral aromas, and an
invigorating, good-for-the-skin type of exfoliant was scrubbed
on to our face, gently peeling off dead skin cells. Steam and
extraction followed, to decongest pores, with the therapist
really getting into every white-and black-head possible – the
pricks are oddly pleasurable. A fruity-scented papaya enzyme
was then slathered on to reduce discolouration, after which
we felt a hot towel touch the surface of our skin to wipe away
the dried mask. We’re a bit squeamish of people touching our
feet, if not during a massage, but when asked if we’d like a foot
rub, we didn’t oppose. To end our facial, the therapist applied
a serum and moisturizer before immediately handing us a
mirror. Staring back was fresh glowing skin, albeit with a few
red bumps from the extraction that later wore off. We’re now
gracing a no-make up face with a dollop of sunscreen smeared
on before we head outdoors.
Need to know: Dhs525, call +971 4 377 2380.
NATURAL ELEMENTS SPA, LE MERIDIEN HOTEL & CONFERENCE CENTRE
The treatment: Ku Nye Massage “For Head-to-toe healing” By ILA
Verdict: Tying in perfectly with our wellness breaks (p61), we figured a similar treatment is something that needs to be
undergone every month or so, to perform at optimal levels. With that in mind, we drove down to this hotel in Garhoud for
the head-to-toe healing massage. Upon entering, sounds of flowing water put us at ease. We instantly changed up and
headed to the Breeze treatment room where our feet were washed and the treatment began. The back, neck and shoulders
were massaged with medium to hard pressure in long strokes to ease out knots. The therapist spent around 40-45 minutes
on the back, neck and shoulders, pressing down joints along the back with a combination of oils that help detox while
promoting blood flow and circulation. Legs, feet and arms are massaged in the same way, followed by a chest and upper back
massage. The scalp was rubbed vigorously, waking us up from our nap with a 'Thank you' that soon followed. Ending with a
cup of ginger tea is always blissful and on we went home, which took a mere 30 minutes to reach the end of Al Khail road.
Need to know: The 90-minute treatment is available for Dhs680, call +971 4 217 0000.
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soul
Take a trip to a luxury
wellness retreat to give your
mind, body and soul the rest
and relaxation it requires.
For an escape in the city,
head to the gorgeous desert
hotel (p68) or on a culinary
journey at these talk-of-thetown
hotspots (p55).
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THE ETERNAL MOVEMENT
Ulysse Nardin, from the movement of the sea to the perpetual
innovation of Haute Horlogerie. For over 170 years, the
powerful movement of the ocean has inspired Ulysse Nardin
in its singular quest: to push back the limits of mechanical
watchmaking, time and time again.
Marine Regatta
Chronograph
Countdown timer
Silicium technology
ulysse-nardin.com
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ULYSSE NARDIN BOUTIQUES: The Dubai Mall +971 44341421, Mall of the Emirates +971 43950577, Beirut Souks +961 1992092
Abu Dhabi: Al Manara International Jewellery Amman: Time Center Bahrain: Asia Jewellers Cairo: BTC Exclusive Doha: Ali Bin Ali
Jeddah: First Jewelry Kuwait: Morad Yousuf Behbehani Muscat: Le Carat Riyadh: First Jewelry

COLLECTOR'S PIECES
ON OUR RADAR
Striking statement pieces
JEWELLERY
Tiffany & Co.
CHAIN WRAP NECKLACE
IN 18K YELLOW GOLD
The iconic blue box puts a smile on a face almost immediately. The launch of Tiffany HardWear collection by Tiffany &
Co. is no different, offering powerful pieces that make a statement. Drawing its name from the urban soul of New York
City, the collection exudes a rebelliousness that fuses high fashion with street style. Inspiration stems from a unisex
bracelet created in 1971, to now boast a collection including earrings, rings, necklaces and pendants that easily injects
sophistication to a couture ensemble and edginess to a denim or leather jacket. The industrialism of the city is
encapsulated within the metal-intensive design, with the signature gauge links reflecting clean, simple shapes of
functional hardware.
CHAIN WRAP NECKLACE IN 18K YELLOW GOLD, DHS48,600 AT TIFFANY & CO.
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COLLECTOR'S PIECES
PERFUME
Thomas Kosmala
WHITE OUD
Oud is the type of scent your either absolutely love or despise. Its strong notes waft through the air long after it has been
sprayed or placed onto skin. Thomas Kosmala’s White Oud is hard not to love, with floral accords including white rose,
jasmine and gardenia, fused with musky oud. A gift apt for any occasion.
THOMAS KOSMALA IS AVAILABLE FOR DHS2,500 AT HOUSE OF FRASER, PLETHORA, ATELIER PERFUMERY,
ROBINSONS DEPARTMENT STORE, AND OBSLIFESTYLE.COM
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COLLECTOR'S PIECES
FURNITURE
Jaime Hayon
THE RUG COMPANY
Born in Madrid in 1974, Spanish artist-designer Jamie Hayon is known for his extraordinary artisan skills and intrinsic creativity.
His work being regularly showcased at world renowned design museums such as London’s Design Museum, Rotterdam’s Vivid
Gallery, the Germany’s Vitra Museum and Basel Art fair, has captured the eye of reputable art collectors. The latest collaboration
with the Rug Company encapsulates Hayon’s creative energy, reflecting his ingenuity and affection for unconventional design.
Our favourite, the ‘Silhouette’ reflects Hayon’s offbeat design, extremely fine knots to exhibit detailed drawing lines and shading,
wool silhouettes layed above the piles exquisitely unravelling the floral and whimsical design, all handmade by weavers on
Kathmandu whose skills are passed down through generations. Definitely a stunning piece to add to your collection.
PRICE DHS52,830. VISIT THE THERUGCOMPANY.COM/INT/DESIGNERS/JAIME-HAYON
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COLLECTOR'S PIECES
GADGETS
AeroMobil
FLYING CAR
Wishful thinking that your car could miraculously grow a set of wings and soar above the traffic is now a reality thanks
to Slovakian firm Aeromobil. This six-metre long, two-seater car-airplane hybrid isn’t the figment of a Hollywood
producer’s imagination – it’s a fully-operational prototype. Only 500 units will be produced in the first phase of its
production, bookings for which are now open, followed by deliveries that will commence from 2020. In car-mode, this
vehicle powered by a 2-litre turbocharged hybrid engine with electric motors has a top speed of 160kph with a range
of 700km. Flick a button, and the wings that are nine-metres across will take three minutes to deploy. It will transform
this machine into an airplane with an air cruising speed of 360kph and a range of 750km, rated to fly at altitudes of up
to 10,000ft. And yes, you’ll need both a driver’s license and a pilot’s license to operate one.
$1.5 MILLION (DHS 5.5 MILLION) AT AEROMOBIL.COM
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COLLECTOR'S PIECES
Elite Innovations
X1 EVEREST
If you’ve rounded up the crew for a game of pool at your home, the bog-standard green felt-surface isn’t going to earn
any fistbumps. What you really need is this X1 Everest pool table by Aussie firm Elite Innovations which is the world’s
first pool table with a transparent playing surface. The 8x4 table has a trippy LED lighting scheme that makes it look as
much a part of the living room as it does the game room in your mansion. Each one is shipped with a set of custom
balls, chrome cue ball, a bridge stick and a custom triangle. Elite is equipped to produce only four of these tables each
year, and the custom build takes six months to complete.
$85,500 (DHS 314,000) AT ELITEINNOVATIONS.COM.AU
Grand Prix Audio
PARABOLICA
There is a strong case to be made for a direct-drive
turntable. Not only are they the most popular turntable
setup in the market, they’re also what DJs prefer to use
when performing. Colorado-headquartered Grand
Prix Audio has now unveiled this F1-inspired carbon
fibre turntable called the Parabolica. How advanced is
it? There are up to 150,000 measurements during each
revolution, and that information is fed into an inbuilt
supercomputer that controls the rotor. Get behind the
deck, and even amateurs will look like they know how
to spin a track and work a crowd.
$20,000 (DHS 73,500) AT GRANDPRIXAUDIO.COM
LG
SIGNATURE OLED TV W
This 77-inch 4K TV measures in at just under 3mm thick –
look at it from the side, and it’ll disappear. That’s a good
reason they’re dubbing this device as “picture-on-wall” and
“wallpaper design”. Connectivity isn’t a collateral for the
engineers who built this TV – it features in-built WiFi, HDMI
and audio ports too. For the full home-theatre experience,
this TV also boasts of the Dolby Vision HDR and a Dolby
Atmos-sound optimised technology to project off the
soundbar beneath it. We’re guessing you’re already thinking
of Dunkirk as the first movie you’d want to watch on this TV?
$24,500 (DHS 89,999) AT LG.COM
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COLLECTOR'S PIECES
TIMEPIECE
Bulgari
Octo Finissimo Tourbillon Monete
FOR HIM
Bulgari has made winning a habit. In 2014, it unveiled the world’s thinnest automatic flying tourbillon, the Octo Finissimo
Tourbillon, and followed that up in 2015 with the world’s thinnest minute repeater, the Octo Finissimo Minute Repeater.
Then, earlier this year, it broke out the world’s thinnest automatic watch, the Octo Finissimo Automatique. If you spot the
pattern, you’ll notice that not only is Bulgari becoming a powerhouse in the luxury mechanical watchmaking space, but
that the Octo Finissimo is also the crown collection reserved for its finest novelties.
Which is why we were suitably stoked when Bulgari recently announced an addition to the collection, this new Octo
Finissimo Tourbillon Monete. It packs a skeletonised version of the BLV268 movement, the world’s thinnest tourbillon
movement. But the reason you’ll pay top dollar for this wristwatch is the cover, hinged to the bezel at 9 o’clock, that
features an image of Emperor Constantine Augustus on the outside and a very rare and mega expensive 4th-century
Roman coin on the inside. This is a unique timepiece and Bulgari is offering up just one Monete for sale.
$472,000 (DHS 1.7MILLION) AT BULGARI.COM
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COLLECTOR'S PIECES
TIMEPIECE
Breguet
Tradition Dame Ref 7038
FOR HER
Breguet does bold and elegant in a combination that entertains, charms and mesmerises in equal proportions. The
French-Swiss watchmaker was founded by Parisian Abraham-Louis Breguet in 1775 and has spent nearly two-and-ahalf
centuries refining its craft to a level where its watchmaking prowess is unmatched in the world of haute horlogerie,
barring a handful of top-shelf watchmaking exceptions.
This Tradition Dame Ref 7038 has a 37mm rose gold case and a bezel set with 68 brilliant-cut diamonds. A selfwinding
movement with a 58-hour power reserve occupies a large part of the real estate on the openworked dial. You
can tell the time off the mother of pearl sub dial at 12 o’clock that features those distinctive Breguet hands.
Marie Antoinette was one of Breguet’s earliest royal customers around the time of the genesis of the brand. This
Dame Ref 7038 is what you’d expect a 21st-century royal to rock.
$38,000 (DHS 140,000) AT BREGUET.COM
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COLLECTOR'S PIECE
AUTOMOBILE
THE BEAST
The new Mercedes-Maybach G650 Landaulet is dialled all the way up to attack mode
Words by Varun Godinho
A pall of gloom descended on petrolheads around the
world on that bleak day in November 2011 when Daimler’s
CEO Dieter Zetsche announced that the iconic Maybach
would be euthanised. This was the car that hip hop royalty,
actual royalty and heads of state from around the world
loved and owned. The Maybach badge was to Mercedes-
Benz what Bentley is to the Volkswagen Group or Rolls-
Royce to BMW – flagship statements of gratuitous luxury.
The universe has its way of mending itself though.
Forward to 2014, and Daimler had a change of heart. The
Maybach was reborn, christened now as the Mercedes-
Maybach (hyphen not optional). The Mercedes-Maybach
S600, S500 and Pullman that were subsequently released
under the new partnership showed that even though the
brand was consigned to the cold storage for three years, it
hadn’t lost its mojo.
Then at the Geneva Motor Show this year, Mercedes-
Maybach pulled the covers off its first-ever SUV with
Maybach signage on it – the G650 Landaulet.
So how did it come up with this steroid-addled machine?
Simple. It started off with a portal axle chassis of the 4X4 2 ,
threw in a meaty G65 AMG twin-turbo V12 and added the
first-class rear seats from an S-Class into the mix to create
a blend of a highly-capable off-road vehicle that is also one
of the most luxurious SUVs within its segment.
With a ground clearance of 17.7 inches, even if you
pointed this in the direction of errant cabbies who think of
driving as a contact sport, you’re more likely to drive over
them, rather than into them – well, almost.
Like with any G-Class, the driver’s seat is the best seat
in the house. Still, that’s not where you want to be if you
are prone to bouts of road rage. The V12 6-litre biturbo
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COLLECTOR'S PIECE
If the driver’s seat is the most coveted in the
G650 Landaulet, the rear seats come in at a
close second. The two “first class” massageenabled
rear seats can recline nearly flat. The
folding tables stow in the centre console and
the thermal cup holders can keep your soy latte
warm during the drive. Robbe & Berking silver
champagne flutes are tucked away in another
compartment and each rear passenger has their
own independent 10-inch infotainment screens.
A glass partition separates the front seats
from the rear. Need privacy? Flick a switch, and
it’ll go from transparent to opaque. If you want
to be admired by the hoi polloi instead – not an
entirely irrational urge considering you are
riding in one of the world’s most expensive
SUVs – you can electronically retract the fabric
roof that covers the rear passenger area.
There are only 99 units of the G650 Landaulet
on sale, with customer deliveries beginning this
month, at a jaw-slacking price of over $740,000
each. The Maybach is alive.
produces significant bite – 630hp and 737lb ft
of torque that begins to kick in as low as
2,300rpm. It’ll hit the 60mph mark from a
standstill in under six seconds and can keep
accelerating until it gets to its top speed of
150mph.
The automatic gearbox has a seven-speed
torque converter and the four-wheel drive
system features three separate differential locks.
In plainspeak, this SUV can scale a hill with the
sure footedness of a mountain goat, ford a river
with the grace of an Olympic synchronised
swimming team and completely destroy a sand
dune in a scene straight out of Mad Max.
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Wealth has its challenges.
We will help you protect,
grow and pass it on.
Experts in advising the
wealthy located in
Abu Dhabi, Dubai,
London and 10 other
offices around the globe.
Murray North
Partner, Private Client
London
E: murray.north@blplaw.com
T: +44 (0)20 3400 4545
Ibrahim Elsadig
Partner, Head of Corporate (UAE)
Dubai
E: ibrahim.elsadig@blplaw.com
T: +971 (0)4 511 9718
www.blplaw.com
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GASTRONOMY
WEEKEND DINING
Impress your business partner at these two authentic dinner hotspots
TASTE OF INDIA
1
KHYBER
Culinary enthusiasts who have travelled
to Mumbai, or natives from the state,
may be familiar with this restaurant and
its offerings. Set on the 15th floor of
Dukes Dubai, the Indian eatery that’s
well-loved amongst celebrities including
Sir Paul McCartney and Brad Pitt, back in
Mumbai, offers stunning views of the
Palm Jumeirah from a bird’s eye view – it
can be seen by the naked eye or through
the rustic telescope kept in every nook
and corner of the restaurant. The menu,
we were told, offers signature dishes and
classics that have stood the test of time,
making a mark for the brand over the
years. Sharing-style dishes are served,
and we began with a bite into a tender
shrimp with a beautiful charred flaky
crust, tandoori broccoli, and a mild spicy
chicken tikka packed with flavour that
were all eaten with chutney and pungent
lotus root pickle. The lamb raan has
always been spoken off with rave
reviews, with the Mumbai outlet often
selling out the dish within a few hours of
opening. The lamb leg is marinated with
spices and highly recommended
eaten on its own, as each strand of
meat melts gorgeously upon touching
your tongue. What’s an Indian
restaurant without a great curry?
Khyber impresses with prawns masala
in a spicy red semi-gravy and thick and
indulgent dal makhani (black lentils
with cream, butter and tomato
puree) devoured with freshly baked
naan. The highlights, however, were
the robust Nihari with depth and
smoky bone-sucking meat, and
creamy paneer korma – a dish Sir
Paul McCartney sneakily requested
the recipe for. The slightly sweet
vegetarian dish comprises homemade
cheese and cashew sauce and is quite
heavy, although, hard to resist.
Desserts play a significant role within
India’s dining culture, so you can’t head
out until and unless you round off the
meal with gajar ka halwa (carrot halwa
with almonds and sweetened milk)
and kulfi (homemade ice cream),
followed by a cup of hot Masala chai.
Need to know: Open for dinner
service, call +971 4 393 9456.
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EQUITY

GASTRONOMY
BRITISH CLASSICS
2
MARINA SOCIAL
Training with top chefs including Ferran Adrià at elBulli
and Marco Pierre White, and launching Gordon Ramsay’s
Maze in London, gives you an overall understanding of
the Food and Beverage business. Jason Atherton gained
plenty of experiences from these culinary stars, launching
his own restaurant group, The Social Company and
picking up a Michelin star and accolades for his flagship
outlet Pollen Street Social soon after. The brand has
since been operational in Hong Kong and Shanghai, with
the next natural step being the Middle East, and where
better to launch than in Dubai? The InterContinental
Dubai Marina is home to the Social Room, an elongated
dimly-bit bar with perfect fruity and classic cocktails, with
the sprawling dining outlet Marina Social set towards the
other side. Atherton’s creativity comes through with the
starters featuring substantial portions of goat’s cheese
churros with truffle honey and a chunky succulent beef
tartare with egg yolk jam, mixed tableside, and served
with a dollop of horseradish cream. Up next, we dug into
shredded chicken dumplings with crisp chicken skin, sunk
under a moreish seductive foam with white onion and
tarrago, to enhance the aromas and flavours. Chunky
cloud-like pieces of potato gnocchi were served with
mushrooms and a full-bodied wild garlic puree that
gradually creeps up. The Munchies tasting menu followed
on with a tear-apart slow-cooked BBQ veal short rib
accompanied by mashed potato, perfectly done
Yorkshire pudding and honey glazed carrots that offered
a bite with nutty texture from the crumble atop. The
delicate juicy duck breast is best enjoyed as one big
morsel with the baked kohlrabi and truffle creamed
savoy cabbage beneath it. New dishes have been added
to the menu showcasing seabass with coco beans and
green asparagus with a two-hour slow cooked egg.
Desserts feature a chocolate coated banofee-style bar
and gelati accompanied with a fun guess-the-flavour
game. The mango, banana – tastes like pudding –
lemongrass and parsnip were our favourites. A dessert
trolley rolls around as you are about to depart, to create
a complimentary box filled with jelly, brownies, tiramisu
macarons and marshmallow, to take home. It’s a lovely
little touch that makes the meal even more memorable.
Need to know: Tasting menus range from Dhs325+ with
grape pairing available. An a la carte menu is also
available. Call +971 4 446 6664.
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EQUITY

A World of Sophisticated Beauty
Armani Hotel Dubai brings to life the “Stay with Armani” philosophy
delivering a genuine home approach and a unique lifestyle experience
where every need and desire is fulfilled for each guest individually.
www.armanihoteldubai.com
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EQUITY

HOTSPOTS
ON THE
Culinary offerings and flavours to try in the country
MENU
BEST OF ASIA
Cho Gao has opened its doors at
InterContinental Abu Dhabi, offering
lunch, dinner and a casual lounge spot
with signature dishes from Indonesia,
Japan, Vietnam and Thailand to
impress. The waterfront dining spot
overlooks the marina and here you
can breathe in the dizzying aromas of
spices while feasting on Thai roasted
duck red curry with pineapple, grape
and basil, Chinese black pepper beef,
Vietnamese banana blossom salad
with chicken and plenty more.
Open for lunch and dinner,
call +971 2 616 6166
FIT FOR TWO
When date night rolls
around, or if you and your
dining partners are
carnivores, hotfoot to
folly by Nick & Scott for
their weeknight dinner.
The sharing dish of
Australian grass-fed beef
arrives over a charcoal
grill, cooked to the guest’s
liking, with hand cut chips,
béarnaise sauce, button
mushroom compote and
vine tomato chutney. The meal is accompanied by a bottle of grape.
The offer is available on Wednesdays for Dhs350, call +971 4 430 8535
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EQUITY

HOTSPOTS
SPICE IT UP
Burger & Lobster have added a piquant twist to their menu with the launch
of the lobster tikka. The crustacean is marinated in garam masala, coriander
and coconut milk, and slow-cooked to become a juicy succulent dish served
with cumin rice and brioche. Call +971 4 514 8838.
BELGIAN SPECIALTIES
The upscale Le Petit Belge at Pullman
JLT is the place to head to for a couple
of hops – a wide selection of fruity
varieties are available – grape and
comforting pub nosh. We highly
recommend the Salad maison with a
mixture of asparagus, beetroot, dried
tomato, honey dressing and crunchy
crushed hazelnut, beef carpaccio with
cheese shavings and mushroom with
truffle crostini to begin with, followed
by a pot of mussels, steak and creamy
vegetable casserole. End with a twist
on the apple crumble and decadent
chocolate mousse.
Call +971 4 242 7794
AFTERNOON DELIGHT
Grab a couple of ladies and head to Brunello at Kempinski for the quintessential
British tradition of afternoon tea, coupled with a soothing massage, at the Cinq Modes
Spa. You can either begin with the treatment, or with scrumptious cakes, baked
scones, pastries and a selection of brewed teas from the Ronnefeldt loose lead
collection. The 30-minute massage, pool and beach access and afternoon tea are
available from 3-6pm, at Dhs1,040 per person. Call +971 4 444 2501.
EQUESTRIAN VIBES
Horse-lovers can now enjoy an
espresso at the first horsethemed
café, Stable Caffe, at The
Walk, Al Seef Resort & Spa by
Andalus. Savour Italian specialities,
gourmet burgers and a range of
nutritious juices while basking in
the cosy ambience. A great spot
for relaxed business meetings or
catch-up with friends.
Call 800-ANDALUS (2632587)
/ +971 2 307 6 207.
EASY LIKE A
FRIDAY MORNING
Wake up and head to Address
Montgomerie for a relaxed breakfast
with the family. The menu comprises
healthy offerings such as
Granolalicious parfait, French brioche
toast, burritos, sandwiches, made-toorder
omelettes and plenty more.
Every Friday and Saturday,
call +971 4 363 1275
NEW ADDITIONS
Bocca, Hilton Abu Dhabi, has long been favoured for its Nonna-style comfort food, and we can now look forward to
plenty more Italian specialties with the focus on simple premium ingredients. Relish tuna or beef carpaccio, slow-cooked
octopus with marinated potatoes, and seared scallops with beans puree. For mains, try a pizza made from scratch at the
live dough station, or opt for corn-fed baby chicken, grilled rack of lamb and pan-fried sea bream fillet. Leave space for
marinated summer peach, banana panna cotta or coconut semifreddo. Call +971 2 692 4247.
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EQUITY

Office 804-806, Arenco Tower, Dubai Media City | T: 04 432 79 72
Dubai’s only high-end real estate and interior design company,
setting extraordinary records in the marketing, designing
and selling of the most important residential properties.
WWW.LUXHABITAT.AE
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EQUITY

TRAVEL
WELLNESS
RETREATS
Awaken your senses at a luxury retreat
Summer is nearly halfway done but the wanderlust bug that refuses to disperse is pestering us for adventures. Instead of a
city-break for your next getaway, opt for a wellness trip to recoup and rejuvenate. We’ve picked the five outstanding
retreats to treat yourself to.
THE GODDESS SANCTUARY
Where: Anantara Layan Phuket Resort, Thailand
When: October 27-31
Leading nutritionist, body coach and the UK’s Goddess of
wellness Mel Wells invites women to take part in The Goddess
Sanctuary, a four-day retreat offering a luxurious private haven
set amidst the lush oasis of northern Phuket. It’s one that
encourages emotional, physical and nutritional restoration and
relief for women who want to set themselves free of diets and
fall in love with their bodies. The Health and Eating Psychology
Coach assists women through the transformation of their
mindset, making peace with food. Carefully selected for its
location, Anantara Layan Phuket Resort will aid in bringing to
life self-love, encouraging people to celebrate themselves and
each other in a safe and luxurious environment. For a bit of
activity, Thai Boxing (Muay Thai), paddle boarding on the
Andaman sea, exploring bustling local wet markets, cooking
classes, spa treatments, yoga sessions and lounging setups by
the infinity pool, will keep you active. Gather a few girlfriends
and pack your bags for Thailand!
Need to know: The Goddess Sanctuary retreat starts at Dhs
9,400++ per night, visit phuketlayan.anantara.com/Mel-Wells-
Goddess-Sanctuary-2017
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EQUITY

TRAVEL
WELLNESS TREEHOUSES
BY BODYISM AT AMILLA FUSHI
Where: Maldives
When: Depending on Amilla Fushi for Wellness
Treehouse’s availability
The very mention of the Maldives evokes days by the beach, a
walk along the sandy beaches and trips to the spa. Located 30
minutes by seaplane from Male International Airport, Amilla
Fushi offers a choice of 59 island homes and eight beach
residences nestled among lush tree tops, flanked by the warm
waves of the Indian Ocean. An exclusive collaboration between
this luxury Maldives resort and global healthy living phenomenon
Bodyism has borne fruit to a spectacular program called
Wellness Treehouse by Bodyism. Imagine one-bedroom ‘spa
nests’ with dedicated treatment suites, high in the treetops
where guests can enjoy a unique wellness experience by the
Specialists. Guests can form their own program from the Javvu
Spa treatments and several Bodyism classes, all aimed to
energise and revive the mind whilst creating a foundation for
balance and health. Add to that an array of restaurants and
healthy eating options, and this resort is a win-win for everyone.
Need to know: Dhs 3,900 to Dhs 4,600 ++ per night, visit
amilla.mv/wellness-tree-house
SHA WELLNESS CLINIC
Where: Alicante, Spain
When: Dates depending on available wellness programs and treatments
Spain may already be on your travel list, so why not make a quick stop
at the SHA Wellness Clinic? The pioneering clinic brings in guests from
all across the globe, and with the launch of a new Mind & Body unit, you
can head there for a wellness break just about anytime. The energy
balance treatment, is apt for those who are either stuck at a point in
their life and need direction, or those looking for new avenues to
explore. It helps free energy blockages on a physical, emotional, mental
and spiritual level; while the stress management session features an
assessment carried out with a thorough diagnosis of stress and its
related problems. Activities such as energy healing, nature walks and a
bevy of holistic experiences are newly-launched features the latest unit
includes. You can also partake in Chikung, which stands for Chinese
therapeutic art where “Chi” signifies vital energy and “Kung” for
movement. Like the graceful Tai Chi, it focuses on serene, gentle
movements to achieve a healthy balance between the mind and body.
If Spain’s beaches, nightlife, breathtaking scenery and the La Liga weren’t
enough of a temptation to visit the country, this surely tops the cake.
Need to know: The stress management session is priced at Dhs 14,000
for seven days, shawellnessclinic.com
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EQUITY

TRAVEL
LIGHT RAGAZ PACKAGE
AT GRAND RESORT BAD RAGAZ
Where: Bad Ragaz, Switzerland
When: July 18-September 30
Arguably Europe’s leading wellness and medical health
hotspot, this Swiss retreat is supplied by healing thermal
waters from the Tamina Gorge, which rumor has it, was home
to dragons. Resort officials have joined forces with local
tourism offices and municipal authorities to create a light show
celebrating the folklore of the gorge’s coloured past in a
spectacular light show called Light Ragaz. Strategically placed
to make the best use of the healing waters, the resort offers
guests a range of services from pampering massages to
therapeutic spa treatments. A medical centre with over 70
doctors and therapists are available at the resort, with the
thermal waters forming the basis of a number of treatments
and therapies such as the 36.5° wellness package which gives
you Access to the 36.5° Thermal Spa and the legendary
Helena pool, throughout your stay as well as bathing
experiences in the popular Tamina Therme. Guests looking to
experience the multisensory spectacle of Light Ragaz, the
resort has put together a special package which includes two
nights, a wellbeing package, four-course dinner and an
admission to the Tamina gorge.
Need to know: The Light Ragaz package starts at
Dhs 1,300 ++ per night, visit resortragaz.ch
THE SUCIMURNI RETREAT AT TANJONG
JARA RESORT
Where: Terengganu, Malaysia
When: October 27-29
For a country that boasts it is truly Asia, the Tanjong Jara
Resort is a pure reflection of that saying. Located along
Malaysia’s pristine east coast, the stunning resort is
reminiscent of tropical rainforest and architecture brimming
with the grandeur of 17th-century Malay palaces – it won
the prestigious Aga Khan Award for Architecture. The word
“Sucimurni” is an ancient Malay way of life that embraces
tranquility and purity through wholesome living, need we say
more? The Sucimurni Retreat will be led by Malaysia’s most
recognised yoga teacher, founder and instructor of Upward
Yoga studio, Ninie Ahmad. The unique wellness experience
aims to provide guests with a refuge from the pressures of
daily life. The highlight of this retreat is the Zendoodling
session (Zen and doodles). This freeform art-practice has
been dubbed as “finger yoga” by some, as it enables
practitioners to enter a calm, meditative state through the
drawing of shapes. Additionally, guests will also partake in the
resort’s signature Sucimurni Exercise – a series of stretches
inspired by the main animal chakras, led by the resort’s very
own Captain Mokh and yoga. Looks like we will be stretching
ourselves to a new us thanks to this retreat.
Need to know: The Sucimurni Retreat starts at Dhs 800++
per night, visit tanjongjararesort.com
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EQUITY

PRIVATE BANKING UAE
PRIVATE BANKING PROVIDES HNWIS WITH TAILORED PROPRIETARY SOLUTIONS, WHICH ARE KEPT CONFIDENTIAL
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64
EQUITY
For Advertising: advertising@equity.media

TRAVEL TALES
JETSETTER JOURNEYS
Explore the latest in experiences, tours and culinary breaks
ISLAND POP-UP
Baros Maldives have launched their latest destination dining venue,
offering a tranquil experience under the stars, on a white sandy
beach. Sandbank, the pop-up restaurant, is the place to propose,
enjoy a memorable romantic dinner and feast on contemporary
Maldivian and Mediterranean dishes including tandoor seafood
platter, mixed grills and grape from the spectacular cellar. It’s an
experience worth whisking away your loved one to.
Visit baros.com
MONTE-CARLO NIGHTS
Jimmy’z is no stranger to Monte-Carlo’s
regulars. The iconic club has re-opened its
doors making it the destination to rub
shoulders with celebrities or dance the
night away. You could also relax back at
the all-new Summer Bar, set down on a
lagoon, which features unrivalled sea views.
The club also boasts a private space
devised by fashion designer Philipp Plein,
boasting thousands of Swarovski crystals
that inject a glitterati touch to the venue.
Visit jimmyzmontecarlo.com
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TRAVEL TALES
IT’S BACK!
Sunny Lisbon’s renowned Sky Bar at Tivoli Avenida Liberdade Lisbon has
reopened its doors on the top floor of the hotel, offering panoramic views over
the city’s hills and the Serra da Arrábida mountains. Guests can visit the newly
designed VIP lounge, that now boasts a private suite for business meetings and
intimate gatherings. Savour truffle white fish ceviche, dried tomato, wakame and
tiger’s milk, tartare taco with confit egg and plenty of sushi combinations.
minorhotels.com
MEETING HOTSPOT
On your next trip to Jeddah, visit or stay
at the Assila Hotel, a Rocco Forte
Hotel known for its prime location,
rooms boasting views of the Red Sea
and gastronomic offerings. The newlyopened
Pampas has been the talk of the
city, with Argentinean style grilled meats,
Patagonian octopus and empanadas
served with Llajua sauce being some of
the highlights on the menu.
Visit roccofortehotels.com
FROMAGE WITH A TWIST
Tucked away in the Provençal hills is
the stunning Hotel Crillon le Brave
where guests can try some of the
finest cheese available in Provence.
The selection curated by resident
Maître fromagère Claudine Vigier, is
sourced from her local cheese shop
in Carpentras and features a wide
selection for cheese-lovers. Think
fourme des dentelles affiné au
Beaumes de Venise (blue cheese
flavoured with muscat de Beaumes
de Venise), le dartagnant affiné au marc de Châteauneuf du Pape (cow milk, ripened
with Châteauneuf du Pape wine), the secret de Provence ripened with Ventoux
truffles, and the Tournesol with raisins, infused with bourbon. Visit crillonlebrave.com
YOUTH IN A BOTTLE
If you’re the kind of person willing
to spend on creams and serums
and literally anything to remain
youthful, but won’t resort to
invasive treatments, the
SpectraMed’s personalised biomolecular
formula is something to
look into on your next trip to
Switzerland. Guests at Beau-Rivage
can now ‘bank their youth’ thanks
to this innovative service, which
bottles a formula containing your
bio-molecules (DNA amongst
them) that are taken from saliva.
The extraction and formulation
process creates a bespoke product
that can be preserved for 20 years
and aids in preventing further skin
aging, from the time the DNA has
been extracted. The serum-like
formula is then stored in a
personalised box with the client’s
name on it, and can be used either
as a skin insurance or according to
the client’s needs. The biomolecular
formula takes ten to
fourteen days to be produced, so
you have plenty of time to savour
cheese fondue and shop your next
timepiece while in the country. The
product can be purchased in yearly
doses at CHF 6,000 (approximately
Dhs22,980) per year; and can be
re-ordered two months before the
year is up, retrieved from the Swiss
laboratory bio-bank and sent via
express transporter to the client
anywhere in the world. You can
also opt for a one-time payment of
CHF 10,000 to store bio molecules
in a Swiss secured bio-bank to
guarantee their bio-molecules
supply for 20 years.
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HOTEL REVIEW
STAY OF
THE MONTH
Al Wadi Desert, Ras Al Khaimah,
a Ritz-Carlton partner hotel
OVERVIEW
The meandering pathway to this hotel in
Ras Al Khaimah gives you the chills,
especially if you make your way up and
down-hill with a drop-top Rolls Royce
Dawn. Nestled amongst dunes, Al Wadi
Desert is merely an hour away from
Dubai and doesn’t need an introduction.
The palatial hotel, formerly known as
Banyan Tree Al Wadi, has long been
known for its Arabesque décor, age-old
activities and the renowned Rainforest.
Rolling up to the hotel, you may come
across an Arabian Onyx, but fear not,
they’re harmless just as long as you keep
your distance.
ACCOMODATION
As you enter your villa, you will notice
it is segregated down the centre, with the
washroom almost taking up half of the
villa, a walk-in closet in front, and a
mashrabiya beyond which the plush bed,
a TV lounge area and outdoor terrace
with pool beckons. Lanterns hang from
the silk draped ceiling over the bed and
are prevalent all over the villa, offering a
subtle glow during the evening. Neutral
hues and a Bedouin-inspired theme make
it an uplifting retreat from the modernday
staycation offerings. We highly
recommend a hot bath with the provided
Asprey bath salts, before sinking into bed.
ACTIVITIES
There’s plenty on offer at this desert
getaway, with everything from
archery to a nature trail where you
can explore birds within the
landscape. We opted for the falcon
watching show, a must-see if you
haven’t experienced them in their
natural habitat. Once the show is
over, click a picture with the gorgeous
owl and falcon.
For years, Banyan Tree Al Wadi has
been known for its Rainforest, a spa
experience comparable to none other.
While we imagined it to be an area
with rainforest showers, we found
ourselves quite far from wrong. Here
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HOTEL REVIEW
Need to know:
The villas are available
from Dhs1,700 +10%
service charge
per night, while
The Rainforest is
Dhs200+ per person.
Visit ritzcarlton.com/
en/hotels/uae/
al-wadi-desert.
you can embark on a journey through a
Crystal Maze set-up, where you follow
the path through 12 stops to
experience the various climates of a
rainforest. It begins with a pebble walk
under water after which you enter an
herb and flower infusion steam room,
fresh showers, a brine salt cave, bucket
shower, sauna, ice igloo and a tension
release thunder storm shower. Each
station offers either hot or cold
temperatures to stimulate blood
circulation, clear the nasal passage,
detoxify the body, improve skin tone
and clarity, target cellulite-prone areas
and leave your body and skin cleansed,
brighter and refreshed instantly. End
the 60-minute experience at the vitality
pool, complete with hydra jets, at
various stations, to soothe upper and
lower body pain. We loved the
waterfall that gushes out of a large
faucet right onto your shoulder and
neck, to instantly rid pain and signs of
fatigue caused from sitting at a desk.
GASTRONOMIC OFFERINGS
For a secluded desert getaway, the
hotel offers plenty in terms of culinary
options, including destination dining
experiences. One we would have
loved to try was The Wadi Tower,
where you enjoy a meal under the
stars. However, since the
temperatures don’t permit alfresco
experiences, we opted for Samar
Lounge instead, where we relished
coconut curry with prawns, butter
chicken and an assortment of naans
and steamed rice. Portion sizes from
the sides could do with a little
improvement here, especially since
Indian cuisine is all about sharing, so
you may need to order extra sides to
complement the aromatic and
mouthwatering curries.
Next morning, grab the push-bike
kept outside your villa and make your
way down to Al Waha for a buffet
breakfast. Request the divine eggs
benedict from the live cooking station
and indulge in a nutritious morning
meal alongside a mango smoothie or
fresh juice, fresh fruit, wide variety of
bread and pastries – including gluten
free options – and sweet selections
such as waffle and pancakes. Asian
spring rolls, noodles, Arabic spreads,
pickles and the usual suspects (hash
brown, beans and sausages) are
available too.
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REAL ESTATE
Breathtaking views of the Mediterranean coast
and Spain are on the horizon from the gorgeous
Villa Putman, which stands majestically on the cliffs
of Tangier, Morocco. Built in the Thirties and
renovated by the late grand French dame of
interiors, Andrée Putman, in 2001, Villa Putman is
a sanctuary, celebrating the marriage of east-west
design with tasteful décor.
Spread over 6,700 square feet, the six-level villa is
a lofty space comprising a maze of steps, terraces,
decks, mezzanines and courtyards, all with a coastal
panorama from every room. The four bedrooms of
the property are elegantly positioned to catch early
morning sunrays while the living space and terraces
are intertwined seamlessly with just the right
amount of natural light and shade. An abundance of
light is made prominent with floor-to-ceiling
windows and are interspersed with Piet Mondrian
influences, with the entrance hall typical of Putman’s
approach to design – sharp, crisp lines with a
monumental staircase leading up to the first floor,
acting as the spine to the house. Boasting six
bathrooms, a sauna, gym, terraces with sunbeds
and a 25-metre swimming pool with an outdoor
salon, the villa is the ultimate retreat for those who
want to kick back and recoup while enjoying the
Mediterranean sunset.
Previously purchased by French public
intellectual and philosopher Bernard- Henri Lévy,
16 years ago, the house showcases his
globetrotting adventures with interiors
incorporating materials such as limestone, metal,
wood and glass. With boulders protruding from
walls, floors of rough Sicilian stone, and dark
TANGIER
BEAUTY
A peek into Andrée Putman’s architectural
masterpiece perched on the cliffs of Tangier
Words by Olive Sevilla
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REAL ESTATE
Canadian timber with a Moroccan dome topped roof
terrace, it seems as though his vision came through. It isn’t all
about the materials and décor though, to complement the
estate, artwork of well-known faces adorns the walls. These
include Elizabeth Taylor, Jean Cocteau, Frida Kahlo and
Diego Rivera amongst many others. Rare books are stacked
in the art nouveau glass display cases, with Bernard- Henri
Lévy himself writing some of his best work in the villa.
The city of Tangier bears the hallmarks of being a hybrid of
two continents and has long been a hotspot luring artists and
intellectuals seeking peace and inspiration. It remains a blissfully
mysterious coastline city, the tranquil sister of Casablanca,
inviting people to a mix of hillside homes, scented souks and
gardens. North Africa with mystery; the city is destined to be a
spot to watch out for and invest in, as FDI gear to pump funds
into its economy and ambitious projects lined up to reinvent
this port city into the ‘Moroccan Saint-Tropez’.
THE PRICE
DHS 26 MILLION
FOR FURTHER INFORMATION
visit www.christiesrealestate.com
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ENTREPRENEUR
THIS SUMMER I’M…
heading home to Cork, Ireland for my
sons’ graduation. It's a great time to
be amongst family and friends. I’ll
also be visiting Lebanon, a planned
visit to Beirut and Byblos to view
possible opportunities to perform
there post summer.
IF YOU COULD FLY
AWAY FOR A MEAL
I'd visit Chez Zakia Restaurant in
Byblos, Lebanon. I had the most
delicious freshly caught fish and local
grape I have ever experienced.
ON MY BOOKSHELF
Biographies and autobiographies is
something I tend to gravitate towards; it
is very hard to pinpoint which particular
one is my favourite because all of them
are quite a fascinating read. I learn a lot
from other people’s experiences; Frida
by Frida Kahlo is one I can never read
enough of – she was a mesmerising
character with a colourful lifestyle.
GET TO KNOW…
ANITA
WILLIAMS
Resident performer at Music Hall
Dubai, Zabeel Saray Hotel,
Palm Jumeirah and jazz, swing,
theatre and cabaret artist
MORNING ROUTINE
I am an early bird and usually wake up at
6.30am with a strong espresso. I then head to
the beach for my morning swim, which I must
say is the best part of my day.
PREVIOUS CAREER
I focused on TV and radio presenting when I
had my two children. Working as a fashion
stylist for a TV show gave me a new exposure
and an opportunity to maintain my creativity
during this time. I returned to pursue music
full time when the boys were old enough. I am
now working to launch my online store - I
design vintage hats and scarves which will
soon be available for purchase.
MUSICAL INSPIRATION
My love for good old school jazz singers like
Billie Holiday, Judy Garland, Gershwin Benny
Goodman and Ernest Hemmingway is what I
listen to for inspiration. I am a big fan of vintage
and everything from that era of the Twenties,
Thirties and Forties is also a big inspiration.
DUBAI HOTSPOTS
I love the old souks in Deira, Satwa
and Bur Dubai, such a dynamic
experience. That buzz is so unique.
Dubai Design District has a great
range of pop up shopping experiences
too. For food, I have a passion for
Indian cuisine, with one of my
favourites being Indigo by Vineet at
Grosvenor House Hotel.
THE BEST DHS1,000
EVER SPENT
My Sure 55s vintage microphone, worth
every penny.
WHAT DOES INVESTING
IN YOURSELF MEAN TO
YOU?
Working towards self-development;
acquiring and learning new skills for
instance is a priority. At the moment I
have registered for Arabic classes to
help me communicate better with the
local community. I would love to
collaborate with an Arabic artist.
NOTEWORTHY ADVICE
Stay focused and
don’t waste time on
the small stuff. Use
your gift to your
best potential
ONE THING PEOPLE
DON’T KNOW ABOUT
YOU?
I am a home bird; I love nothing more
than having my home filled with
laughter – having my sons, their friends
and all our friends. We love to cook and
eat Irish dinners with jazz playing in the
background. That’s who I am.
72
EQUITY

73
EQUITY

CAN’T SPOT
THE THREAT?
We can.
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