1. UBS's New CFO.
2. Schwab's Investment Advisor Has New President/CEO.
3. M.R. Beal, TD Ameritrade Form Alliance.
4. BofA, State Street Cutting Technology and Ops Staff.

    1. UBS's New CFO.  Tom Naratil will be the new Chief Financial Officer at UBS, succeeding John Cryan, who's stepping down in May 2011.  The decision of Cryan, 50, to leave the bank comes as investors speculate about when CEO Oswald Gruebel and Chairman Kaspar Villiger, who were brought from retirement to clean up the bank, would leave.  Analysts are surprised by Cryan's departure;  one London-based analyst said, "Cryan was very well liked, and people will be pretty disappointed."  who did not want to be named, adding that UBS shares might come under a little pressure.  Cryan became CFO at the height of the financial crisis in 2008, right before the government had to bail out the bank, and he helped in its rebuilding.  Tom Naratil, 49, has worked at the bank since 2000 and has held a number of senior roles within the company, including CFO and CRO, Wealth Management Americas.  [Reuters, 12/3]

    2. Schwab's Investment Advisor Has New President/CEO.  Marie Chandoha was appointed as president and CEO of Charles Schwab Investment Management, Inc., the investment advisor to Schwab and Laudus Funds.  She'll report to Schwab CEO Walt Bettinger.  Ms. Chandoha joined Schwab in September 2010 as CIO for CSIM, leading portfolio management and overseeing nearly $190 billion in mutual funds and separate account assets.  Prior to joining Schwab, she was global head of the fixed income business at Barclays Global Investors, which was acquired by BlackRock.  Before joining BGI in 2007, she was co-head and senior portfolio manager in charge of the Montgomery fixed income division at Wells Capital, a senior bond strategist at Goldman Sachs, and managing director responsible for the global fixed income research and economics department at CS First Boston.  [DailyFinance, 12/1]

    3.  M.R. Beal, TD Ameritrade Form Alliance.  M.R. Beal, the NY-based municipal bond underwriter, and broker-dealer TD Ameritrade announced a partnership, by which TD Ameritrade now will have primary market access to all municipal deals distributed by M.R. Beal.  This allows Beal to become a presence in retail order periods that typically precede the institutional buying period.  M.R. Beal, founded in 1988, was senior underwriter on 21 deals totaling $2.1 billion so far in 2010;  it co-managed 154 issues worth $3.9 billion.  The head of TD Ameritrade's fixed-income trading desk said customer demand for Treasuries and CD's is lower than in previous years, but investor appetite for tax-exempts is up sharply.   Giving clients access to the primary market allows them to purchase munis without forming a relationship with a bulge-bracket firm.  This deal follows a similar pairing in September between Goldman Sachs and Chicago-based distributor Incapital LLC.  [Bond Buyer, 12/3]

    4.  BofA , State Street Cutting Technology and Ops Staff.  Bank of America and State Street are both making major cuts to their technology and operations staffs, it became clear this week.  BofA confirmed it's laying off a "small percentage" of workers in its global technology and operations unit as part of an effort to streamline and centralize operations.  This BofA division employs more than 100,000 in 34 countries, and accounts for more than 1/3 of the bank's workforce - it includes corporate workplace, corporate security and supply-chain management departments.  State Street issued a press release that put a glossy spin on its layoffs. Two weeks earlier, BofA reportedly would conduct layoffs in Wichita, Kansas, where a call center that employs 310 workers, some in Customer Service and Solutions and others in Global Technology and Operations, is being shut down.  [FinanceTech, 12/3]