S&P Global announced the new Market Intelligence operating model. This evolution is designed to better align the business with changing customer needs and to position the company for growth in an AI-driven market, pairing its unmatched breadth and depth of data and deep domain expertise with more integrated AI-powered tools, workflows and experiences.
S&P Global Market Intelligence will be organized into two focused verticals with distinct but complementary areas, Kensho Data & Platforms and Enterprise Solutions, enabling a streamlined and unified approach to help customers move from insight to action with speed and confidence. Together, these verticals bring S&P Global Market Intelligence data, AI, software and workflow capabilities into strong alignment with quickly evolving customer needs.
Kensho Data & Platforms will be led by Sally Moore, whose role as Chief Client Officer is expanding to include Co-Head of Market Intelligence, Kensho Data & Platforms. The vertical will bring together data delivery, platform capabilities and client engagement to create an AI-led customer experience.
Kensho Data will be the client-facing data product and AI delivery layer for Market Intelligence. As an embedded, innovation-led capability, Kensho Data helps S&P Global unlock more value from its trusted data, enabling new products and capabilities that deliver greater impact for customers. Kensho Data is led by Bhavesh Dayalji, in a new role as Head of Kensho Data & Intelligence.
Platforms will bring together world-class client interfaces, including Capital IQ, Ratings Direct, Visible Alpha and With Intelligence. Platforms will focus on delivering an AI-native user experience, simplifying and consolidating existing client interfaces, and accelerating the rollout of skills and applications that make S&P Global’s intelligence easier to access, connect and act on. Platforms will be led by Whit McGraw, in a new role as Head of Platforms.
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Enterprise Solutions will continue to be led by Darren Thomas, who will take on the elevated role of Co-Head of Market Intelligence, Enterprise Solutions. He will also join the S&P Global Executive Leadership Team. This vertical will deliver solutions that power critical infrastructure, networks and agentic workflows tied to financial markets, with a focus on the most differentiated software assets. Pricing and reference data, including consensus pricing and valuation methodologies across public and private markets, will be part of Enterprise Solutions and leveraged across its end-to-end suite.
“As AI transforms how intelligence is consumed and acted upon, S&P Global is evolving. In a world where data is abundant, but not all created equal, customers need trusted, connected, essential intelligence that brings context and conviction to decision-making,” said Martina Cheung, President and Chief Executive Officer, S&P Global. “These changes within Market Intelligence align our capabilities, enabling us to elevate the customer experience while growing our revenue and improving margins.”
As part of these changes, Market Intelligence’s Maritime & Trade will move to S&P Global Energy, bringing customers comprehensive global supply chain data and signals at a time when trusted insights are critical to navigating increasing fragmentation and volatility. Similarly, Market Intelligence’s Credit Analytics risk capabilities will move to S&P Global Ratings to better align complementary capabilities and extend S&P Global Ratings coverage into small and midsized companies.
This new Market Intelligence operating model enhances S&P Global’s ability to deliver essential data, differentiated insights and AI-enabled workflows, while simplifying and consolidating existing customer interfaces.
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In a separate release this morning, the Company has recast previously reported quarterly segment financial information for 2025 and the first quarter of 2026, to reflect the revised reportable divisions. The recast financial information by division is accessible on the Company’s Investor Relations website under the section titled “SEC Filings & Reports” as well as the section titled “Quarterly Earnings & Monthly Metrics.”
Separately, Steve Kemps, Chief Legal Officer, has decided to retire from the Company, staying until December 31, 2026, to help ensure a smooth transition. The Company has launched a search for his successor. Should a successor be appointed prior to Mr. Kemp’s departure, he will transition to a special advisor to Ms. Cheung for the remainder of his time with the Company. Mr. Kemps joined S&P Global in 2016, previously serving as Executive Vice President and General Counsel at Quanta Services. Earlier in his career, he held in-house legal leadership roles at Hess Retail Corporation, Kimberly-Clark Corporation, and law firm Dorsey & Whitney, and served as Federal Law Clerk to Judge Paul A. Magnuson of the United States District Court, Minnesota.
“Steve has been a key advisor to me, the Board of Directors, and members of the Executive Leadership Team for over a decade, providing excellent counsel and stability through periods of transition and transformation. His respect and influence go well beyond his areas of responsibility and throughout the enterprise. I wish him all the best in his next chapter,” remarked Ms. Cheung.
“Over the past 10 years, I’ve had the privilege of working alongside exceptional leaders. My sincerest thanks to Martina and everyone at S&P Global for the experiences that have shaped my time with the company. I am incredibly proud of what we’ve accomplished together, and I look forward to helping ensure a smooth transition,” said Mr. Kemps.
