(Corrects lede to clarify McCombe was not offered RBS CEO job)
July 24 BlackRock Inc said its head of
Asia Pacific operations, Mark McCombe, spurned an approach
regarding the role of chief executive at Royal Bank of Scotland
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 Plc's 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.
RBS is looking for a replacement for ousted Chief Executive
Stephen Hester, whose departure last month was engineered by
Chairman Philip Hampton with the backing of Britain's finance
Hampton and Anna Mann's MWM headhunting firm are
interviewing candidates and could name a new chief executive by
Aug. 2, along with the bank's second-quarter results, the FT
David Roberts, the deputy chairman of Lloyds and a former
banker at Barclays Plc, is seen as a second credible
external candidate for the post, the newspaper added.
External candidates touted by industry sources and analysts
also include Richard Meddings, finance director at Standard
Internal options would include Finance Director Bruce Van
Saun, and Nathan Bostock, currently head of restructuring and
risk and a former Abbey National finance chief.
RBS declined to comment on the matter.
(Reporting by Abhirup Roy in Bangalore and Ashley Lau in New
York; Editing by Stephen Coates and Louise Heavens)