The start of a new year is the perfect time to set fresh goals for the future and for some bank chiefs, 2016 means there will be a renewed focus on succession planning and recruitment.

The movement of senior executives between major financial institutions happens everyday but most recently, Standard Chartered scored big by tapping HSBC veteran Simon Cooper to serve as the London-based company’s corporate and institutional banking head. Cooper has been with HSBC for 26 years and was chief executive of global commercial banking—he was considered a possible successor to HSBC’s group CEO’s role Stuart Gulliver.