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Succession Planning: A Priority for Bank Chiefs in 2016

Aarti Maharaj | December 30, 2015

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.

A Financial Times article said that Cooper’s departure from HSBC after 26 years maybe a sign that he might have grown impatient waiting to take on the reigns of the British bank. At the same time, Cooper’s move has left many industry experts wondering: how...

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