Mei Ri Jing Ji Xin Wen·2025-05-16 10:18Group 1 - Wu Chaoze, head of the Research and Development Department at CITIC Securities, has been promoted to a member of the Party Committee, indicating potential advancement to the executive committee [1][2] - The appointment reflects the company's recognition of Wu's past achievements, particularly in the TMT sector, where he led his team to be ranked first in the New Fortune Best Analyst awards for the telecommunications industry for eight consecutive years from 2013 to 2020 [2][3] - Since 2018, CITIC Securities has seen a steady improvement in its sell-side business rankings, with commission income placing in the top three of the industry for both 2022 and 2023, a significant rise from prior years when it typically ranked outside the top five [2][3] Group 2 - The lack of executives from research backgrounds in leading brokerages is notable, with most high-level positions filled by individuals from investment banking, brokerage, and compliance sectors [4][6] - While smaller brokerages have seen an increase in executives with research backgrounds, the trend is not as prevalent among top-tier firms, where even prominent analysts struggle to attain executive roles [6][8] - The industry is witnessing a shift, with some leading brokerages beginning to prioritize research as a strategic focus, as seen in the case of CICC, which aims to integrate research and information technology to enhance overall business development [8]