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Financial Services

S&P Global Inc.

Completed the Mobility spin-off (Jul 2026); refocused on ratings, market intelligence, indices and commodities

SPGIFinancial Services/Capital Markets/Financial Exchanges & Data(40203040)HQ New York, NYResearched Oct 25, 2026Unverified
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Data and benchmarks company with S&P Global Ratings, Market Intelligence, Commodity Insights (Platts) and S&P Dow Jones Indices. It spun off Mobility (CARFAX and automotive data) as Mobility Global Inc. in July 2026.

Talking points

  • After the spin, there is TSA exit and operating model simplification. AI product build is the CEO priority.

Likely opportunities

  • TSA exit and post-spin operations. AI data product engineering. Private markets data integration.

Outreach plans

1 plan for the main opportunities, in outreach wave 2. All budgets, deal sizes and dates are planning estimates made from the public brief, not from client data or Accenture financials. Executive names are used only where the brief also names them; verify roles and names before outreach.

1TSA exit and post-spin operationsM&A & integrationIdentified$4.4M–$14M

The S&P Global brief flags this opportunity: TSA exit and post-spin operations. Lead with a fixed-scope 3-week entry offer that proves value quickly, then grow it into the separation program office, TSA exits and target-state build.

From opportunity: TSA exit and post-spin operations

Why now
Completed the Mobility spin-off (Jul 2026); refocused on ratings, market intelligence, indices and commodities.
Buyers
COO · CFO Eric Aboaf · Separation program lead · CIO
Our sponsor
Accenture M&A and Separation lead for Financial Services, with the account's client lead as relationship sponsor
Entry
A 3-week TSA exit health check: inventory every open service, cost the run-rate of each, and produce a dated exit plan with the stranded-cost reduction it unlocks.. No CAL account team today. Enter through the sponsor's network, the hyperscaler hosting the target state and a short point-of-view note to the COO.
Proof points
Separation and TSA exit case studies
Deal size$4.4M–$14M
Pursuit cost$110K
Win probability15%
Estimate: Estimate. Pursuit cost is about 22 person-weeks of account, sponsor and SME time at a blended $5,000 per person-week, including extra effort to win a first meeting without an account team. The entry offer itself is a fixed fee of roughly $70k, or an Accenture investment if the pursuit is contested. The deal range is the 12-24 month follow-on (the separation program office, TSA exits and target-state build), scaled for a large client from a reference range of $8-25M. It is not based on client budget data. Win probability of 15% is a planning assumption for an account without a CAL tier.

Outreach sequence

  1. Week 1Build a view of the open TSAs and stranded costs from filings and the deal announcement. Map the buying group (COO, CFO Eric Aboaf, Separation program lead) and known Accenture relationships.Industry MD with an industry SME
  2. Week 2Confirm the sponsor, pick two reference clients, and line up support from the hyperscaler hosting the target state.Sponsor
  3. Week 3-5Reach the COO with a one-page note on TSA exit and post-spin operations, through a warm introduction or an industry event.Industry MD
  4. Week 6-7Executive meetings with the COO and CFO Eric Aboaf: test the hypotheses and offer the entry offer.Sponsor and industry MD
  5. Week 8-9Walk the separation office through a TSA exit playbook and a comparable separation timeline.Industry and technical SMEs
  6. Week 10Scope and price the entry offer with the client's working team; agree success measures.Pursuit lead
  7. Week 11-12Proposal review with the economic buyer (CFO Eric Aboaf) and procurement.Sponsor
  8. Week 13-14Sign the entry offer and mobilize the 3-week team.Delivery lead
  9. Week 17Read out results and propose the follow-on: the separation program office, TSA exits and target-state build.Sponsor and delivery lead

Timeline

Jan 2027Jun 2027
Prepare and engageFirst executive meeting held with the COO
ShapeEntry offer scoped with the client's working team
ProposeEntry offer signed
Deliver entry offerResults read out and follow-on proposal submitted
ExpandFollow-on program signed

Success measures

  • TSA health check signed
  • TSA exits on or ahead of contractual dates
  • Stranded cost removed within 12 months of close (client's measure)

Risks

  • The incumbent separation adviser (often a Big Four firm) holds the program office
  • Exit dates slip because the buyer or seller is not ready
  • Competition (from the brief): Not confirmed.

01Strategic priorities

  • Martina Cheung (CEO since November 2024) is pushing AI-enabled data products (Kensho, the ChatIQ AI assistant), private markets data (With Intelligence acquisition, 2025), and portfolio focus.
  • Mobility separation (completed July 1, 2026).

02Financial health and spend signals

  • High margins. Revenue growth led by ratings and indices. Cost synergies from IHS Markit fully realized.

03Leadership changes

  • Cheung is President and CEO. Eric Aboaf (ex-State Street) became CFO in 2025.

04Regulatory pressure

  • Credit rating agency oversight (SEC, ESMA). Data licensing.

05M&A and restructuring

  • Mobility spin-off (2026). With Intelligence (about $1.8B, 2025). Sold OSTTRA stake and fixed income pricing units.

06Tech stack and vendor footprint

  • Kensho AI. Cloud migration (AWS). Data platform unification.

07Competitor engagements

  • Not confirmed.

08Risk disclosures

  • Debt issuance cyclicality, data competition and AI disruption of research.

Workforce

No workforce data tracked yet. Add it in briefs/_intel/spgi.yaml.

Earnings call themes

No call themes tracked yet.

Regulatory actions

No consent orders, MRAs or fines tracked. See Regulatory pressure above for context.

Recent public signals

Sourcing. Bullets without a source link or a ✓ mark come from model knowledge (public information up to mid-2026) and have not been verified. Check them against the latest filings before using them with a client. Recent public signals were found by web search; most were judged from the headline and source, not a full read.