Mark McCombe, HSBC Holdings' Hong Kong chief executive, has resigned to join asset management firm BlackRock as chairman of its Asia-Pacific region. The news came after HSBC said it will slash 3,000 jobs - 10 per cent of its staff - in the city over three years. HSBC said the job cuts, some of which would come through attrition, were being made to make the Hong Kong operation more efficient. McCombe, who was the London-based chief executive of HSBC's global asset management team for three years, will take the place of Rohit Bhagat, whose two-year term as chairman is ending. McCombe will become a member of the company's global executive and global operating committee and will report to Laurence Fink, BlackRock's chairman and chief executive. 'With a leader of Mark's calibre joining our team, I am confident we can accelerate the growth of our business and brand in Asia,' Fink said in a statement. McCombe also resigned as a non-executive director of Hang Seng Bank yesterday. He said there was no disagreement with the board or any matter relating to his resignation that the bank's shareholders should know about, according to a statement filed with the stock exchange. McCombe joined HSBC in 1987. Early in his career, he was chief executive of HSBC Private Bank (UK), overseeing wealth management in Britain and northern Europe. He was also chief executive of HSBC Private Bank (France) and deputy chief executive of HSBC Turkey. Anita Fung, HSBC head of global banking and markets, Asia Pacific, will take McCombe's place as the bank's chief executive in Hong Kong from Monday. Fung joined HSBC in 1996 in Hong Kong as head of domestic markets, treasury and capital markets. She was named head of global markets Asia-Pacific in 2005 and was appointed a group general manager in 2008. Before she joined HSBC, Fung worked with Standard Chartered Bank in its treasury and capital markets business, holding a number of positions including director of sales and trading in its investment banking division. Shares in HSBC rose 30 HK cents in Hong Kong yesterday, or 0.46 per cent, to close at HK$64.95.