By Staff Writer
Catherine Clay appointed CEO of S&P Dow Jones Indices, effective November 1, 2025, replacing Dan Draper.
Dan Draper to remain as Special Advisor for a transitional period; Swamy Kocherlakota, Chief Digital Solutions Officer, will depart at year-end.
Leadership changes come as S&P Global continues its focus on growth, digital transformation, and innovation.
S&P Global has announced changes to its Executive Leadership Team, reflecting the company’s continued evolution as it advances strategic priorities and positions itself for long-term growth.
Effective November 1, 2025, Catherine Clay will become CEO of S&P Dow Jones Indices (S&P DJI), the world’s largest and most influential index provider. She succeeds Dan Draper, who will remain with the company as a Special Advisor for a transitional period and step down from the S&P Dow Jones Indices Board.
Ms. Clay brings extensive industry experience from her role at Cboe Global Markets, where she was Executive Vice President and Global Head of Derivatives. In that capacity, she oversaw Cboe’s global options and futures businesses as well as its Data Vantage division across the U.S., Europe, Asia-Pacific, and the Middle East.
With a background spanning derivatives markets, digital assets, data analytics, and financial technology, Clay is expected to lead S&P DJI into its next phase of growth and innovation.
During his five years at the helm of S&P DJI, Dan Draper played a central role in strengthening the company’s position as the leading provider of indices.
Under his leadership, S&P DJI accelerated strategic growth initiatives and completed a significant acquisition, expanding its ability to deliver high-quality benchmarks and data solutions to meet the evolving needs of wealth managers globally.
In addition to Draper’s transition, Swamy Kocherlakota, S&P Global’s Chief Digital Solutions Officer, will step down from his role on December 31, 2025.
Kocherlakota joined S&P Global in 2017 and has been a driving force behind the company’s digital transformation. His leadership included advancing enterprise AI adoption, implementing hybrid cloud strategies, and leading the complex technology integration during the landmark merger with IHS Markit. A search for a new technology leader will be conducted, with details to be announced in due course.
“I’m pleased to welcome Cathy to S&P Global as CEO of S&P Dow Jones Indices and believe her extensive experience across derivatives markets, digital assets, data analytics and financial technology will be integral to S&P DJI’s continued success,” said Martina Cheung, President and CEO, S&P Global.
“I’m also deeply grateful for Dan and Swamy’s significant contributions to S&P Global’s success.” Ms. Cheung continued. “Dan steered the world’s leading index provider for more than five years with a strategic approach that spanned continents and asset classes. Under Swamy’s leadership, we accelerated our digital transformation, significantly enhancing our technology and AI capabilities to better serve our customers. It’s been an honor to work alongside these talented and thoughtful leaders, and I wish them both the best in the future.”
