S&P Global is reorganizing its Market Intelligence business into two specialized verticals designed to integrate AI-powered tools and streamline customer workflows. The restructuring reflects the company's strategy to better serve customers in an AI-driven environment by pairing its data and expertise with more integrated, AI-native platforms. Leadership changes include the promotion of Darren Thomas to the Executive Leadership Team and the planned retirement of Chief Legal Officer Steve Kemps at year-end 2026.
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S&P Global announced a reorganization of its Market Intelligence division into two focused verticals—Kensho Data & Platforms (led by Sally Moore as Co-Head) and Enterprise Solutions (led by Darren Thomas as Co-Head). The company also moved Maritime & Trade to S&P Global Energy and Credit Analytics risk capabilities to S&P Global Ratings. Additionally, Chief Legal Officer Steve Kemps announced his retirement, effective December 31, 2026.
Why it matters
The restructuring aims to align S&P Global's data, AI tools, and workflows more directly with customer needs in an increasingly AI-driven market. CEO Martina Cheung stated the changes will elevate customer experience while growing revenue and improving margins. For business customers relying on S&P Global's intelligence platforms, the move toward AI-native tools and consolidated interfaces may mean faster access to data-driven insights.
What to watch
Kensho Data & Platforms will consolidate client interfaces including Capital IQ, Ratings Direct, Visible Alpha, and With Intelligence into an AI-native experience. The company has recast financial reporting for 2025 and Q1 2026 to reflect the new divisional structure, with details available on its Investor Relations website.
S&P Global's restructuring responds to the growing importance of AI in how financial and business intelligence are consumed and acted upon. By consolidating its Market Intelligence division into two complementary verticals, the company is positioning itself to deliver what its CEO describes as "trusted, connected, essential intelligence" in a market where data abundance alone is no longer a competitive advantage. The move to bring together data, platforms, and enterprise solutions under unified leadership suggests an effort to reduce silos and accelerate the rollout of AI-enabled workflows and skills.
The reorganization also involves strategic realignment of business units. Moving Maritime & Trade to S&P Global Energy and Credit Analytics to S&P Global Ratings indicates the company believes these capabilities will be better leveraged and more impactful when aligned with complementary domain expertise and existing customer relationships elsewhere in the enterprise. The elevation of Darren Thomas to the Executive Leadership Team underscores the strategic importance of enterprise solutions in the company's future growth. At the same time, Steve Kemps's planned retirement and transition to a special advisory role provides continuity during this period of transformation, though the company will need to identify a successor to the Chief Legal Officer position.
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