Past First Boston connections may provide BlackRock an edge when integrating with State Street. Dick Davis, State Street's CEO, was co-head.
"I don't think either SSRM's or BlackRock's retail units could have situation where they (BlackRock) would keep Dick Davis around," said one.
The estimated Net Worth of Dick Davis is at least $1.09 Milion dollars as of 8 July 2011. Dick Davis owns over 14,500 units of BlackRock Health Sciences Trust.