BlackRock says executive turned down RBS offer

BlackRock said its head of Asia Pacific operations, Mark McCombe, has rejected an offer to take the top job at Royal Bank of Scotland Group and will remain with the world’s largest fund manager.

The Financial Times cited sources on Tuesday saying that McCombe, a former head of HSBC Holdings’ Hong Kong operations, had emerged as the external frontrunner for the position of RBS chief executive.

BlackRock spokesman Brian Beades told Reuters that McCombe sent a note to his senior staff informing them that he had been contacted by RBS but had elected to remain with the firm.

via Business feed http://www.scmp.com/business/banking-finance/article/1289645/blackrock-says-executive-turned-down-rbs-offer