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Michele di Stefano, head of forex sales at Deutsche Morgan Grenfell (DMG), has left the bank for what London FX chief Nick Beecroft calls "personal reasons." Beecroft adds that Di Stefano left on "amicable terms, a mutual parting of the ways" but that he did not know whether Di Stefano had joined another bank. Di Stefano came to DMG in March 1995 from Merrill Lynch. Beecroft says that he has no plans to replace Di Stefano, instead asking Margaret Croysdill, head of sales for U.K.-based clients

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