Catherine Clay to lead S&P Dow Jones Indices as CEO from November

NEW YORK - S&P Global (NYSE:SPGI) announced Thursday that Catherine Clay will become CEO of S&P Dow Jones Indices effective November 1, 2025, replacing Dan Draper who will transition to a Special Advisor role.

Clay, who will also join the S&P Dow Jones Indices Board, comes from Cboe Global Markets where she served as Executive Vice President and Global Head of Derivatives, overseeing options and futures businesses across multiple regions.

The company also announced that Swamy Kocherlakota, Chief Digital Solutions Officer, will depart S&P Global on December 31, 2025. Kocherlakota joined in 2017 and led the company’s technology advancement, including enterprise AI adoption and cloud strategy implementation.

During his five-year tenure, Draper led strategic initiatives to expand the index provider’s offerings, particularly in the wealth management sector.

"I’m pleased to welcome Cathy to S&P Global as CEO of S&P Dow Jones Indices," said Martina Cheung, President and CEO of S&P Global, in the press release statement. "Her extensive experience across derivatives markets, digital assets, data analytics and financial technology will be integral to S&P DJI’s continued success."

S&P Global indicated it will conduct a search for a new technology leader to replace Kocherlakota, with an announcement expected in the coming months.

In other recent news, Seaport Global Securities initiated coverage on S&P Global with a Buy rating, setting a price target of $540.00. The research firm highlighted S&P Global’s strong market position, noting that the company ranks either first or second in its various business segments. This development suggests confidence in S&P Global’s continued performance in the market. Meanwhile, S&P Global’s data also revealed trends in various manufacturing sectors across Europe and Russia. In Poland, the manufacturing sector’s downturn slowed in September, with the PMI rising to 48.0 from 46.6 in August. Greece’s manufacturing growth also slowed, with the PMI falling to 52.0, yet it remained in expansion territory. Conversely, France’s manufacturing sector contracted, with the PMI dropping to 48.2, influenced by political uncertainty. In Russia, the manufacturing contraction accelerated, with the PMI decreasing to 48.2, marking a continued decline for the sector.

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