North America | 6 May 16
US moves to tighten beneficial ownership rules
The US government has adopted a new rule requiring financial institutions to identify the true owners of companies they do business with in a bid to crackdown on international tax evasion, media outlets have reported.
Old Mutual Wealth hires new COO as group break-up approaches
Old Mutual Wealth has appointed Steven Braudo as chief operating officer, effective 1 June 2016.
Emerging Markets | 5 May 16
MCB launches Mauritius-based India sovereign bond ETF
MCB Capital Markets, the investment banking arm of the MCB Group in Mauritius, and ZyFin have launched an exchange traded fund which will provide international investors with access to the Indian sovereign bond market.
Zurich signs $135m deal to buy Malaysian Islamic insurer MAA
Zurich Insurance has signed a deal to buy Malaysia’s MAA Takaful for $134.6m (£92.7m, €117m), giving Europe’s fifth biggest insurer a foothold in the world’s second largest Islamic insurance market.
Emerging Markets | 4 May 16
Income investors should look at EM dividends – WisdomTree
The deep discount on which emerging market dividend stocks trade compared to bonds is a compelling reason to take a fresh look at the sector, said WisdomTree’s Viktor Nossek.