UBS Points to Two Top European Luxury Stocks Ahead of 2026 Upswing
NEW YORK - S&P Global (NYSE:SPGI) announced Monday that Robert Moritz, former global Chairman of PricewaterhouseCoopers LLC (PwC), will join its Board of Directors effective March 1, 2026.
Moritz brings over four decades of experience in audit and assurance within financial services, banking sectors and capital markets. During his tenure at PwC, he led the company's global leadership teams and strategic direction.
Currently, Moritz serves on the Board of Directors at Walmart, where he participates in the audit and technology and e-commerce committees, and at Northern Trust Corporation as a member of the audit and human capital and compensation committees. He also holds several not-for-profit board positions, including at SUNY-Oswego College Foundation, his alma mater.
"He brings extensive global experience and unique perspectives on the opportunities and risks facing global companies in today's fast-paced environment," said Martina L. Cheung, President and CEO of S&P Global.
Ian P. Livingston, Non-Executive Chairman of the Board, added that Moritz's "experience as a global financial services industry leader will be extremely valuable" to the company.
At S&P Global, Moritz will serve on the Audit and Nominating and Corporate Governance committees.
S&P Global provides data, expertise and technology solutions to governments, businesses and individuals across global capital, commodity, and automotive markets. The appointment was announced in a company press release.
In other recent news, the Russian services sector saw a return to growth in October, as indicated by the S&P Global Russia Services PMI Business Activity Index rising to 51.7 from 47.0 in September. This marks the first expansion in output since May. Meanwhile, Myanmar's manufacturing sector continued to grow, albeit at a slower rate, with the PMI dropping to 51.5 from September's 53.1, showing modest improvement in operating conditions. The ASEAN manufacturing sector recorded its strongest performance in over three years, with the PMI increasing to 52.7 from 51.6 in September, marking the fourth consecutive month above the neutral 50.0 threshold.
In Asia, the S&P Global Asia Sector PMI data highlighted that 15 out of 18 tracked sectors recorded output growth in October, the highest since March. The banking sector led this growth, experiencing its most rapid increase in activity in five years. Insurance also saw significant growth, while the Real Estate sector maintained modest growth, helping the Financials category to reclaim the top position at the broader industry level. Conversely, South Korea's manufacturing sector experienced renewed deterioration, with the PMI falling to 49.4 in October from 50.7 in September. This decline was marked by contractions in both output and new orders, reversing the previous month's modest improvements.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
