S&P Global Announces Leadership Changes with New CEO Appointment

Key Leadership Changes at S&P Global

S&P Global has officially announced significant updates to its Executive Leadership Team, marking a pivotal moment in the company's growth strategy. As part of the changes, Catherine Clay will step into the role of CEO for S&P Dow Jones Indices, beginning November 1, 2025. She will be taking over from Dan Draper, who has carefully managed the organization for five years and has decided to transition into a new role as a Special Advisor following his departure.

The New CEO: Catherine Clay

Catherine Clay joins S&P Global from Cboe Global Markets, where she served as the Executive Vice President and was instrumental in orchestrating the Exchange's global options and futures business. Her rich background includes a wealth of experience in derivatives markets, data analytics, and fintech, positioning her to drive S&P Dow Jones Indices toward continued success. As she embarks on this new journey, Clay is expected to leverage her insights from diverse financial landscapes across the U.S., Europe, Asia-Pacific, and the Middle East.

Moreover, Catherine Clay's previous experience includes her role as CEO of LiveVol, a company recognized for its pioneering efforts in derivatives and analytics, acquired by Cboe in 2015. Her expertise will be paramount, as S&P Dow Jones Indices continues developing innovative index solutions.

Impact of Dan Draper's Tenure

During Dan Draper’s leadership, S&P Dow Jones Indices implemented numerous strategic initiatives aimed at facilitating growth and enhancing their offerings. His efforts in expanding the company’s service capabilities have positioned S&P DJI as a leading index provider worldwide.

Martina Cheung, President and CEO of S&P Global, expressed her gratitude for Draper’s contributions, highlighting how he navigated S&P DJI through vital growth periods, including the expansion of benchmarks tailored to the investment community's needs.

Changes in Digital Leadership

In addition to Draper's transition, Swamy Kocherlakota, the Chief Digital Solutions Officer at S&P Global, will also be leaving the company by the end of 2025. Since joining in 2017, Kocherlakota has played a crucial role in propelling S&P Global's technological efforts, overseeing advancements in artificial intelligence and integrating complex systems following the merger with IHS Markit.

The departure of these critical leaders prompts S&P Global to seek new talent to lead its digital solutions and technology strategies effectively.

Looking Ahead

S&P Global views these leadership changes as integral to its ongoing evolution and commitment to prioritizing market needs. With Catherine Clay at the helm of S&P Dow Jones Indices, alongside ongoing technological innovations, the company is poised to enhance its service offerings in the dynamic index marketplace.

In her own words, Clay emphasizes her excitement for the opportunity and her belief that her background will support S&P DJI's goal of delivering value and innovation. Cheung reiterates this sentiment, looking forward to the future with a visionary leadership team that aligns with S&P Global's commitment to excellence in index services and technology.

As the company navigates through transitions, the focus remains on driving continued success and meeting clients' diverse needs in a rapidly changing financial landscape.