BlackRock’s Asia-Pacific Head McCombe Not Taking RBS Post

Mark McCombe, BlackRock Inc. (BLK)’s Asia-Pacific chairman, told Royal Bank of Scotland Group Plc he isn’t interested in the chief executive officer position and plans to stay at the world’s biggest money manager, according to a BlackRock spokesman.

McCombe, who joined BlackRock in September 2011, informed his senior staff today about his decision to stay at BlackRock, said Brian Beades, a spokesman for the New York-based firm. The Financial Times reported earlier today that McCombe was the leading external candidate for the CEO role at RBS.

Ed Canaday, a spokesman for RBS, didn’t immediately respond to a phone call after business hours.

To contact the reporter on this story: Alexis Leondis in New York at aleondis@bloomberg.net

To contact the editor responsible for this story: Christian Baumgaertel at cbaumgaertel@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.