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S&P Global Ratings Appoints Yann Le Pallec as Next President
Prnewswire· 2024-06-27 21:00
Core Viewpoint - S&P Global Ratings has appointed Yann Le Pallec as the new President, effective November 1, 2024, succeeding Martina L. Cheung, who will become President and CEO of S&P Global [1][10]. Group 1: Leadership Transition - Yann Le Pallec has been with S&P Global Ratings since 1999, holding various roles that have built his expertise in credit markets and change management [2][7]. - He currently leads a team of over 2,200 analysts and support staff across 28 countries, managing more than one million ratings on entities and securities [2][5]. - Martina L. Cheung expressed confidence in Le Pallec's ability to maintain the analytical integrity and excellence of the ratings business [3]. Group 2: Background of Yann Le Pallec - Le Pallec has held diverse responsibilities, including Head of Global Corporate Ratings, overseeing 500 analysts analyzing over 4,000 non-financial corporations globally [7]. - He has also managed S&P's credit ratings business in EMEA, leading a team of over 900 analysts [7]. - Prior to joining S&P Global Ratings, he was a Senior Manager at the Paris-based audit firm Salustro Reydel [8]. Group 3: About S&P Global Ratings - S&P Global Ratings is the world's leading provider of independent credit risk research, publishing over one million credit ratings on various entities [15]. - The organization has over 1,600 credit analysts in 27 countries and has more than 150 years of experience in assessing credit risk [15].
S&P Global Announces Leadership Succession
Prnewswire· 2024-06-27 20:45
Core Insights - S&P Global has appointed Martina L. Cheung as the new President and CEO, effective November 1, 2024, succeeding Douglas L. Peterson, who will remain as a special advisor until December 31, 2025 [18][22]. Leadership Transition - The Board of Directors conducted a thorough succession process, expressing confidence in Ms. Cheung's leadership capabilities to guide S&P Global into its next growth phase [16][19]. - Douglas L. Peterson has been instrumental in transforming S&P Global, overseeing significant growth and strategic investments during his tenure as CEO since 2013 [5][23]. Financial Performance - Under Ms. Cheung's leadership, S&P Global Ratings achieved $3.3 billion in annual revenue for 2023, marking a 9% increase from the previous year, with a full-year operating profit margin of 56.5% [15]. - S&P Global Sustainable1 experienced a revenue growth of 24% in 2023 [15]. Company Growth and Strategy - During Peterson's leadership, S&P Global's revenue grew from $4.45 billion to $12.50 billion, with adjusted diluted earnings per share increasing from $2.75 to $12.60 [23]. - The company returned over $30 billion to shareholders through dividends and share repurchases, and its market capitalization increased from $16 billion to over $135 billion [23]. Industry Impact and Recognition - Ms. Cheung has been recognized for her leadership and contributions to the industry, receiving multiple awards and honors, including the 2023 Top 100 Women Executives and the 2024 Top 100 Empower Executives lists [4]. - Peterson's leadership has positioned S&P Global as a focused, market-oriented information services company, anticipating key trends in financial markets [20].
S&P Global Ratings joins Project Guardian
Prnewswire· 2024-06-27 14:30
NEW YORK, June 27, 2024 /PRNewswire/ -- S&P Global Ratings is excited to announce its participation in the Monetary Authority of Singapore's (MAS) Project Guardian, a collaborative initiative between policymakers and the financial industry to enhance the liquidity and efficiency of financial markets through asset tokenization. Chuck Mounts, Chief DeFi Officer, S&P Global Ratings: "We are delighted to join Project Guardian. This is another step forward in our commitment to leveraging our robust analytical an ...
S&P Global Commodity Insights selected as a knowledge partner to Energy Institute for the Statistical Review of World Energy
Prnewswire· 2024-06-27 11:39
S&P Global Commodity Insights is the leading independent provider of information, data, analysis, benchmark prices and workflow solutions for the commodities, energy, metals and energy transition markets. The 73rd annual edition of the Statistical Review of World Energy, published on June 20, 2024, presents for the first time full global energy data for 2023. Commenting, Energy Institute Chief Executive Dr Nick Wayth FEI said: "The Statistical Review of World Energy provides a comprehensive picture of globa ...
S&P Global Mobility: US auto sales advance again in June
Prnewswire· 2024-06-26 12:15
New light vehicle sales in June are expected to maintain pace with the previous month result and translate to one of the stronger seasonally adjusted results since 2021 While recent events such as the dealer management software cyberattack and stop-sale announcement on certain Toyota and Lexus vehicles could hamper some of the progress realized earlier in the month, June US auto sales are expected to follow-up the notable May advance with another solid result. Mixed signals continue to prevail within the ne ...
S&P Global Market Intelligence Launches Peer Comparables for Private Markets Investors
Prnewswire· 2024-06-26 12:00
Core Insights - S&P Global Market Intelligence has launched a new module called Peer Comparables, which integrates S&P Capital IQ Financials and Estimates data into the iLEVEL portfolio management solution for private markets investors [1][7] - This new capability allows investors to easily reference public company financial data and compare it with their private portfolio companies, enhancing valuation insights [2] Product Features - The iLEVEL Peer Comparables module offers a side-by-side view of public company financials alongside proprietary alternative investment data, with flexible adjustment and display features [3] - It includes at-a-glance charts and visual analytics for tracking and monitoring portfolio performance over time [3] - Users can manage and share company lists across teams within the platform, facilitating collaboration [3] Additional Capabilities - The Commitment Pacing Module helps private markets investors manage allocations effectively by providing reliable projections and optimizing capital deployment [4] - Private Credit Monitoring enhances transparency and scalability in monitoring Private Credit investments through integration with the WSO loans administration platform [4] - A new no-code reporting solution allows for streamlined integration of data to downstream data visualization and warehousing products [4] Company Background - S&P Global Market Intelligence is a division of S&P Global, a leading provider of credit ratings, benchmarks, analytics, and workflow solutions across various global markets [5][8] - iLEVEL, launched in 2010, is utilized by over 700 investors to streamline data collection, valuation, and reporting workflows in private markets [8]
S&P Global Declares Third Quarter Dividend
Prnewswire· 2024-06-25 17:02
NEW YORK, June 25, 2024 /PRNewswire/ -- The Board of Directors of S&P Global (NYSE: SPGI) has approved a cash dividend on the Corporation's common stock for the third quarter of 2024. The dividend of $0.91 is payable on September 11, 2024, to shareholders of record on August 27, 2024. The annualized dividend rate is $3.64 per share. The Company has paid a dividend each year since 1937 and is one of fewer than 30 companies in the S&P 500® that has increased its dividend annually for at least the last 50 year ...
S&P CORELOGIC CASE-SHILLER INDEX BREAKS PREVIOUS MONTH'S ALL-TIME HIGH IN APRIL 2024
Prnewswire· 2024-06-25 13:38
2006 Peak 2012 Trough Current YEAR-OVER-YEAR The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 6.3% annual gain for April, down from a 6.5% annual gain in the previous month. The 10- City Composite saw an annual increase of 8.0%, down from an 8.3% annual increase in the previous month. The 20-City Composite posted a year-over-year increase of 7.2%, dropping from a 7.5% increase in the previous month. San Diego continued to report the highe ...
S&P Global Market Intelligence expands Reference Bond Data with addition of Sustainability granularity
Prnewswire· 2024-06-18 07:00
NEW YORK, June 18, 2024 /PRNewswire/ -- S&P Global Market Intelligence has announced the expansion of its Bond Reference Data by including 20 additional sustainable descriptive data fields to complement its existing terms and conditions data. The new dataset offers an extensive range of key metrics and information to help investors, banks and corporates better identify, invest, and assess exposure to bonds earmarked for sustainable initiatives. Krishna Shetty, Executive Director, S&P Global Market Intellige ...
MANUFACTURING ACTIVITY WORLDWIDE JUMPED IN MAY, SPURRED BY STRONGER DEMAND ACROSS MAJOR ECONOMIES, INDICATING ROBUST OUTLOOK FOR H2 2024: GEP GLOBAL SUPPLY CHAIN VOLATILITY INDEX
Prnewswire· 2024-06-13 12:17
A value above 0 indicates that supply chain capacity is being stretched and supply chain volatility is increasing. The further above 0, the greater the extent to which capacity is being stretched. GEP® delivers AI-powered procurement and supply chain solutions that help global enterprises become more agile and resilient, operate more efficiently and effectively, gain competitive advantage, boost profitability and increase shareholder value. Fresh thinking, innovative products, unrivaled domain expertise, sm ...