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A major reshuffling of UBS's M&A business landed London-based Piero Novelli and Los Angeles-based Jeffrey Raich in top posts as joint global heads of M&A.

Bulking up their M&A and corporate finance capabilities, Milbank, Tweed and Simpson Thacher named a number of attorneys to partnership positions in their corporate practices.

Robert W. Baird and DLA Piper Rudnick Gray Gary opened new offices abroad to offer M&A and corporate finance services in growing markets. Beijing is home to the newest office of DLA Piper, which recently acquired a large slice of Coudert Brothers' Beijing practice. And, fortifying its transatlantic operations, Baird opened an office in Frankfurt, Germany, which provides M&A advisory services in the industrials sector and the middle market.

- Joan Harrison

m&aappdntments

Association for Corporate Growth ACG Boston, Association for Corporate Growth's Boston Chapter, has named nine new members to its board of directors.

New members include:

Jeff Bistrong, managing director and co-founder of the Boston office of Harris Williams.

Alan Botsford, partner at Parthenon Capital.

Rick Daniels, VP of corporate strategy and business development at Polaroid.

Jack Gaziano, SVP of Silicon Valley Bank.

Lea Pendleton, partner of Morse Barnes-Brown & Pendleton.

Janice Shields, managing director and co-founder of Shields & Co.

Alice Sloan, director of business development at Grant Thornton.

David Spieler, managing director and city leader at Duff & Phelps.

Tyler Wick, cofounder of later-stage venture capital firm Ticonderoga.

Bryan Cave The firm tapped David Schaffer as a partner in Chicago. He focuses on M&A, restructuring, and securities transactions. Previously, he had been with Gardner Carton & Douglas.

Carlyle Group Marco De Benedetti, former CEO of Telecom ltalia Mobile, has been named a managing director and head of Carlyle's Italian buyout team, based in Milan.

Catterton Partners Former Dell VP Michael Farello joined the firm as a partner. Most recently, he had been VP of U.S. consumer marketing and e-business at the computer company

CID Capital This Indianapolis-based PE firm promoted Steve Cobbto managing director, in which capacity he focuses on LBOs and recaps. Cobb joined CID Capital in 2001 after serving as a finance manager at Procter & Gamble.

Cravath, Swaine & Moore Moving up the ranks at the firm are corporate attorneys Joel Herald, George Schoen, and Erik Tavzel,...