Senior Managing Director and Asia Pacific Chairman, BlackRock
McCombe is responsible for business in the region, which includes Greater China, Japan, Australia, Singapore, India, and Korea.
Before joining BlackRock, he served as CEO for HSBC in Hong Kong, he had relationships with leading government officials in China as well as with the most important business people in the region. Heavily involved in the bank’s initiatives to develop the offshore market for China’s currency, the Renminbi. Other HSBC roles include Chief Executive of HSBC Global Asset Management (2007-2010), responsible for all of HSBC’s fund management businesses & Chief Executive Officer of HSBC Private Bank (UK) Ltd (2005-2007).
McCombe earned an MA degree from Aberdeen University and attended Wharton Business School. He was recognised in the Queen's New Year Honours List in 2006 with an OBE.
The world’s biggest asset managers are hiring bond traders and analysts in Singapore as more global capital shifts to Asia, where economies growing fivefold the pace of advanced nations are improving creditworthiness.
China’s economic growth is poised to recover after the country’s once-in-a-decade leadership transition, bolstering the outlook for stocks across Asia, said BlackRock Inc., the world’s biggest money manager.
Hong Kong companies with factories in China will be reluctant to move abroad as the yuan and labor costs climb, because of their growing focus on domestic sales, HSBC Holdings Plc’s chief executive officer in the city said.
China plans to lower the entry barrier for foreign institutional investors looking to buy publicly traded securities in mainland exchanges, as part of reforms to add depth to the country’s capital markets.
Hong Kong should drop plans to impose new taxes on short-term home sales to avoid damaging the city’s reputation as a free market, according to shareholder activist David Webb , who will speak to lawmakers on the issue today.
Bank of China Hong Kong Ltd. cut its interest rate for yuan deposits in Hong Kong after money held in the accounts rose to a record in February, reflecting increased demand for trade and investment in the currency.
International trade transactions settled in yuan more than doubled to a record in the third quarter as companies including Nokia Oyj and Metro AG turned to a currency that rose 24 percent against the dollar in six years.