Banker Talent War Spurs CICC to Add New Paths for Promotion (1)

China International Capital Corp. has created new layers of job titles for senior investment bankers, according to people familiar with the matter, as it tries to retain talent amid a boom in dealmaking.

The new roles include senior managing director and director, the people said, asking not to be identified because the process isn’t public. The Chinese bank has adopted this approach at a time when it is challenging to give significant pay increases or bonuses, the people said, despite the pickup in deal activity.

Senior managing director would be the higher role, followed by managing director, executive director and ...