Swamy Kocherlakota, the company’s head of global infrastructure and enterprise transformation, is now CIO, reporting to financial chief Ewout Steenbergen. Overseeing S&P’s global digital infrastructure group, he will focus on infrastructure, cloud strategy, information security and business systems.
Mr. Nathan will serve in an advisory role through the end of March. He is leaving “to pursue other interests,” a spokesperson for S&P said.
The move is part of a revamped operating structure that went into effect Jan. 1, aimed at helping the company move faster and better harness technology. S&P now has four primary divisions — ratings, market intelligence, indices and Platts — as well as three new “operational services functions”: global engineering and technology innovation services, global data operations, and global digital infrastructure.
Responsibility for the engineering and technology group will fall to Nick Cafferillo, COO for market intelligence and now global chief technology officer. He will oversee software engineering, product platforms development, data science and related technologies. Mr. Cafferillo reports to to Mike Chinn, president of the market intelligence division and executive vice president for data and technology innovation.
Nate Haskins, previously chief data officer for the market intelligence division, now holds the same title for S&P Global. He oversees S&P global data operations, and is responsible for workflow management and reporting, robotics and process automation, and external data sourcing. He reports to Mr. Cafferillo.
The company is automating many traditionally manual processes as it prepares to deal with an exponential growth in data, Mr. Nathan told CIO Journal in November. S&P has been using natural language processing and speech recognition tools to automate transcription perform sentiment analysis on earnings calls. It’s also working to make data moving through the firm more accessible to employees.
Source: Wall Street Journal
Recent BIIA post: S&P Global Realigns Operational Structure