Prudential M&G has increased its fixed income team with the appointment of Jenny Williams as a director.

Williams joins Prudential M&G, the institutional fund management arm of UK insurer Prudential, from Pictet Asset Management.

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The prospect of a radical escalation in the global trade war in the coming days has nearly doubled the probability of a recession in the U.S. economy in the next 12 months to around 35%, according to Goldman Sachs.

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Prudential M&G boosts fixed income team

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