President
S&P Global
Acquisitions can change the essential shape, dynamics and performance of any company. No one knows this better than Martina Cheung. Appointed as president and CEO of S&P Global in November 2024, Cheung's experience with the global firm began in 2010. Prior to moving into her current role, she was president of S&P's Global Ratings business. (American Banker's methodology requires that a woman be in her role for at least one year, so Cheung is ranked based on her performance leading S&P Global Ratings, not her current position as CEO of S&P Global.) To her, one of the defining moments of that journey was leading the due diligence for S&P Global's $44-billion acquisition of rival IHS Markit in 2020.
Now 15 years in at S&P, she helms a company worth about $150 billion. Even more significant are the levers S&P can move with its pronouncements on the creditworthiness of the world's leading companies and governments. In such an environment, the impact of acquisitions takes on even greater weight. S&P has executed some high-profile acquisitions during 2024 and in the beginning of 2025, including Visible Alpha, World Hydrogen, Proton LP. Clearly M&A activity will continue to drive growth and transformation for S&P.