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FDS - FactSet Announces CEO Succession Plan


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  • June, 03 2025 07:00 AM
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MWN AI Summary *

FactSet, a prominent player in the financial digital platform and enterprise solutions space, announced a CEO succession plan on June 3, 2025. Effective early September 2025, Sanoke Viswanathan will succeed Phil Snow, who has had an impressive 30-year tenure at the company, including 10 years as the CEO. Snow will assist as a senior advisor until the end of 2025, ensuring a smooth leadership transition.

Viswanathan brings a wealth of experience to FactSet, notably his 15 years with JPMorgan Chase, where he most recently served as CEO of International Consumer and Wealth. His leadership at JPMorgan included launching international consumer initiatives and spearheading strategic acquisitions in wealth management and digital banking, which laid the groundwork for sustainable growth. His earlier roles at JPMorgan, including Chief Strategy and Growth Officer for the Corporate and Investment Bank, and a stint at McKinsey & Company as Co-Head of Global Corporate and Investment Banking, further bolster his credentials.

Robin A. Abrams, Chair of FactSet's Board of Directors, praised Viswanathan's proven track record and his expertise in areas critical to FactSet's strategy, such as artificial intelligence, analytics, and client services. Phil Snow expressed pride in his accomplishments at FactSet, emphasizing the strength of the company he is leaving behind as the right moment for a transition.

Upon his appointment, Viswanathan said he is honored to lead FactSet and is eager to enhance its value proposition through innovative solutions. With over 8,600 clients and a robust digital platform, FactSet looks to leverage Viswanathan's leadership to drive continuous growth in data-driven finance.

MWN AI Analysis *

FactSet's recent announcement regarding the CEO succession plan is a pivotal moment for the firm and presents an interesting opportunity for investors. Sanoke Viswanathan's appointment as CEO effective September 2025 comes at a time when FactSet is poised for innovation and growth, especially in the realms of AI, research, and analytics, which Viswanathan is well-versed in from his tenure at JPMorgan Chase.

Phil Snow, after 30 years with FactSet, leaves behind a legacy characterized by significant revenue growth and robust shareholder returns. His successful leadership has solidified FactSet's position in the financial data industry, making the upcoming transition critical. The decision to retain Snow as a senior advisor through the year's end should help facilitate a smooth transition, ensuring that strategic initiatives remain on track.

Investors should be attentive to several factors in the coming months. First, Viswanathan’s background in wealth management and digital banking aligns with current trends, suggesting a continued evolution in FactSet's offerings. His experience with strategic acquisitions will be vital as the company looks to enhance its product suite and capture a larger market share. This is especially relevant given the competitive landscape in financial technology, where agility and innovation are crucial.

In the short term, volatility may arise as stakeholders adjust to leadership changes, but this could also present a buying opportunity for long-term investors. Maintaining a keen eye on milestones in the CEO transition process—such as product launches and strategic partnerships—will be crucial for gauging FactSet’s trajectory under Viswanathan's leadership.

Overall, investors should consider FactSet a strong candidate for growth, particularly as it capitalizes on emerging technologies and expands its global footprint in the financial data ecosystem.

* MWN AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.


Sanoke Viswanathan Appointed Chief Executive Officer Effective Early September 2025

Phil Snow to Retire After Accomplished 30-Year Career with FactSet, Including 10 Years as CEO

NORWALK, Conn., June 03, 2025 (GLOBE NEWSWIRE) -- FactSet (NYSE: FDS | NASDAQ: FDS), a global financial digital platform and enterprise solutions provider, today announced that its Board of Directors has appointed Sanoke Viswanathan as Chief Executive Officer, effective early September 2025. He will succeed Phil Snow, who will retire as CEO and a member of the Board at that time. Snow will serve as a senior advisor up to the end of the calendar year to support the transition.

Viswanathan is a respected global business leader in strategy, innovation, and operations across banking, capital markets, and wealth management. He is a 15-year veteran of JPMorgan Chase, most recently serving as CEO of International Consumer and Wealth and as a member of JPMorgan’s Operating Committee. In this role, Viswanathan launched the international consumer business and led strategic acquisitions and alliances in global wealth management and digital banking, positioning these businesses for long-term growth across global markets. Prior to that, Viswanathan served as Chief Strategy and Growth Officer as well as Chief Administrative Officer of JPMorgan’s Corporate and Investment Bank. He began his career at McKinsey & Company, where he became the Co-Head of the Global Corporate and Investment Banking Practice, serving buy-side and sell-side financial institutions around the world.

“We are excited to welcome Sanoke as FactSet’s next CEO,” said Robin A. Abrams, Independent Director and Chair of the FactSet Board of Directors. “With a proven track record of leading and transforming global organizations and implementing technology-driven growth strategies at scale, he is ideally positioned to lead FactSet into the future. Sanoke’s background in international wealth management services complements the success FactSet has achieved in this area of financial services. He brings expertise in areas central to our strategy including AI, research and analytics, and has a unique understanding of our customer base.”

Abrams continued, “On behalf of the Board, I would like to thank Phil for his unwavering leadership as FactSet’s CEO. Over his three decades of dedicated service, Phil has made invaluable contributions to the Company’s success. Under his leadership over the last decade, FactSet has more than doubled its revenue and delivered annualized double-digit EPS growth and total shareholder return. Phil has successfully positioned FactSet for its next era, and we wish him well in his retirement.”

Snow said, “I am incredibly proud of what we have achieved together over the past 30 years. The Board and I have been diligently planning for my succession, and with a foundation that has never been stronger, I am confident that now is the right time for FactSet to transition to a new leader to take the Company into the future. Sanoke brings the strategic vision and innovation-first mindset that FactSet needs to build on its momentum and sustain itself as the leader in data-driven finance. As I look ahead to retirement, I’d like to thank the entire FactSet team for bringing their passion to work, always putting our clients first and tirelessly advancing our capabilities to supercharge financial intelligence.”

Viswanathan said, “It’s an honor to have been selected to lead FactSet’s remarkable team. I was drawn to FactSet given its central role in global financial markets and ability to create value for clients with its cutting-edge technology and tools. FactSet is recognized throughout the industry for the quality and depth of its data and excellence in client service. I look forward to supporting the evolution of FactSet’s unique value proposition as a leading data and workflow solutions provider, and delivering new products and services to drive sustainable growth. I’m excited to work closely with Phil and the entire management team to ensure a seamless transition.”

About Sanoke Viswanathan

Viswanathan has held a range of leadership roles, most recently served as the Chief Executive Officer of International Consumer and Wealth of JPMorgan and as a member of JPMorgan’s Operating Committee where he oversaw international consumer businesses as well as the International Private Bank and Workplace Solutions. Prior to that, Viswanathan served as JPMorgan’s Chief Strategy and Growth Officer from 2022 to 2024 and Chief Administrative Officer of the Corporate and Investment Bank. Earlier in his career, he was a Managing Director and Head of Corporate Strategy for JPMorgan and a Partner and Co-Head of Global Corporate and Investment Banking for McKinsey & Company.

About FactSet

FactSet (NYSE:FDS | NASDAQ:FDS) supercharges financial intelligence, offering enterprise data and information solutions that power our clients to maximize their potential. Our cutting-edge digital platform seamlessly integrates proprietary financial data, client datasets, third-party sources, and flexible technology to deliver tailored solutions across the buy-side, sell-side, wealth management, private equity, and corporate sectors. With over 47 years of expertise, a presence in 20 countries, and extensive multi-asset class coverage, we leverage advanced data connectivity alongside AI and next-generation tools to streamline workflows, drive productivity, and enable smarter, faster decision-making. Serving more than 8,600 global clients and nearly 220,000 individual users, FactSet is a member of the S&P 500 dedicated to innovation and long-term client success. Learn more at www.factset.com and follow us on X and LinkedIn .

Forward-Looking Statements

This news release contains forward-looking statements based on management’s current expectations, estimates, forecasts, and projections about industries in which FactSet operates and the beliefs and assumptions of management. All statements that address expectations, guidance, outlook, or projections about the future, including statements about the Company’s strategy for growth, product development, revenues, future financial results, anticipated growth, market position, subscriptions, expected expenditures, trends in FactSet’s business and financial results, are forward-looking statements. Forward-looking statements may be identified by words like “expects,” “believes,” “anticipates,” “plans,” “intends,” “estimates,” “projects,” “should,” “indicates,” “continues,” “may” and similar expressions. These statements are not guarantees of future performance and involve a number of risks, uncertainties, and assumptions. Many factors, including those discussed more fully elsewhere in this release and in FactSet’s filings with the?Securities and Exchange Commission, particularly its latest annual report on Form 10-K and quarterly reports on Form 10-Q, as well as others, could cause results to differ materially from those stated. Forward-looking statements speak only as of the date they are made, and FactSet assumes no duty to and does not undertake to update forward-looking statements. Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical performance.

Contacts

Investor Relations:
Kevin Toomey
+1.212.209.5259
kevin.toomey@factset.com

Media Relations:
Kelsey Goldsmith
+1.207.712.9726
Kelsey.Goldsmith@factset.com



MWN AI FAQ **

How does Sanoke Viswanathan's experience at JPMorgan Chase, particularly in wealth management, position him to drive growth for FactSet Research Systems Inc. (FDS) in a rapidly evolving financial landscape?

Sanoke Viswanathan's extensive experience in wealth management at JPMorgan Chase equips him with deep insights into client needs and market trends, enabling him to effectively drive growth for FactSet Research Systems Inc. in an increasingly competitive and dynamic financial environment.

What specific strategies does the Board of Directors believe Sanoke Viswanathan will implement at FactSet Research Systems Inc. (FDS) to continue the company's momentum after Phil Snow's successful leadership?

The Board of Directors believes Sanoke Viswanathan will implement strategies focused on innovative technology enhancements, customer-centric solutions, and strategic partnerships to sustain FactSet Research Systems Inc.'s growth and momentum following Phil Snow's successful leadership.

Given FactSet Research Systems Inc. (FDS)'s emphasis on AI and innovation, how does Viswanathan plan to leverage his expertise to enhance client offerings and integrate advanced technology into their services?

Viswanathan plans to leverage his expertise in AI and innovation to enhance client offerings at FactSet by integrating advanced technologies that streamline processes, improve data analytics, and deliver personalized insights, ultimately driving value and competitiveness for clients.

What metrics will be used to evaluate Sanoke Viswanathan's performance as the new CEO of FactSet Research Systems Inc. (FDS) during his initial years in the role following Phil Snow's retirement?

Sanoke Viswanathan's performance as CEO of FactSet Research Systems Inc. will likely be evaluated based on key metrics such as revenue growth, profit margins, customer retention rates, innovation in product offerings, employee engagement, and overall market share expansion.

** MWN AI Questions are based on asking OpenAI to ask and answer four questions about this news release.

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