In Brief: Emerging-Markets Exec Move at Merrill

NEW YORK - Merrill Lynch's investment management unit announced Wednesday that Grace Pineda will have overall responsibility for investment strategy and oversight of Merrill Lynch emerging-markets portfolios.

Ms. Pineda was co-portfolio manager of the Merrill Lynch Dragon Fund. She will continue as senior portfolio manager of the Merrill Lynch Developing Capital Markets Fund and the offshore version of that fund, the Merrill Lynch Equity/Convertible Series Emerging Markets Portfolio.

Orlando Muyshondt succeeds Ms. Pineda as senior portfolio manager of the Merrill Lynch Latin America Fund, on which he has served as an analyst since 1994. He also retains his responsibilities as senior portfolio manager of the fund's offshore version, the Merrill Lynch Equity/Convertible Series Latin America Portfolio.

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