“In the U.S., we do think that inflation is peaking right about now,” Lakdawala-Flynn, co-head of global private wealth management, said Thursday at the Bloomberg Wealth Summit in New York. “We think the probability of a recession has increased in 2023.”
“Within equities we’re recommending that our clients have exposure to names that have pricing power, that have strong margins,” said Lakdawala-Flynn, who has led the business since early 2021 along with John Mallory.“Where we are focusing our clients is on the underlying infrastructure, the picks and shovels,” Lakdawala-Flynn said.
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