Brief Accounting giant Sage has lost the managing director of its small and medium business division. Adrian Grace has left the firm to take up a job elsewhere, according to a Sage spokesman.

Grace has been replaced by Jo Ray - she starts her new job today. Ray was previously marketing director at Sage. Usually such moves are heralded by press releases. but Sage is keeping quiet this time.

A spokesman would only confirm that Grace has left and been replaced by Ray. ®

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