Merrill Lynch Investment Managers has chosen Steve Thompson and David Urch as Peter Davies' and Stuart Roden's replacements, managing its UK Dynamic and Most UK funds.

Thompson will run the £75m (€119m) UK Dynamic fund directly. He will continue as head of Merrill Lynch's UK specialist team and will have a responsibility for the £400m Most UK fund, but direct responsibility for the Most fund has been given to David Urch.