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Annous quits Merrill Lynch for US firm

Merrill Lynch UK smaller companies and UK value fund manager Habib Annous has resigned to join US institutional manager Capital International.

He will be replaced by Carl Lee, who will run the smaller companies fund, and James Macmillan, who will manage the UK value fund.

The news comes as Merrill is believed to be seeking an external replacement for global chief investment officer for equities Andreas Utermann, who resigned last week.

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