FactSet (NYSE: FDS | NASDAQ: FDS) has announced a significant leadership transition that marks a pivotal chapter in its corporate evolution. The company’s Board of Directors appointed Sanoke Viswanathan as the new Chief Executive Officer, effective early September 2025, succeeding Phil Snow who will retire after a distinguished 30-year tenure, including 10 years as CEO. This CEO succession plan underscores FactSet’s commitment to sustaining its growth momentum and technological innovation lead in the financial digital platform sector.
Sanoke Viswanathan arrives with a robust background in strategy, innovation, and operations in banking, capital markets, and wealth management, notably from his 15-year leadership career at JPMorgan Chase. Viswanathan’s experience in launching global consumer businesses, leading strategic acquisitions, and driving digital banking transformation aligns closely with FactSet’s strategic priorities, particularly in AI, data analytics, and wealth management.
Financially, FactSet demonstrated resilience and consistent growth in Q2 2025 with total revenue reaching approximately \(568.7 million and net income at \)150 million. Under Phil Snow’s leadership, the company more than doubled its revenue and delivered double-digit annualized EPS growth and shareholder returns, setting a strong foundation for this new leadership era.
The CEO transition comes at a critical time as FactSet continues to leverage AI and next-generation digital tools integrated into its platform. The company serves over 8,600 global clients with nearly 220,000 individual users, emphasizing a broad multi-asset class coverage and intensive data connectivity innovation. Viswanathan’s focus on technology-driven growth and his expertise in international wealth management are expected to accelerate FactSet’s expansion and product innovation pipeline.
Linking to recent earnings calls, FactSet management emphasized enhancing AI-driven research and analytics capabilities and deepening global market penetration as key themes. The leadership change reinforces this strategic direction with anticipation of sustained innovation and operational excellence under Viswanathan.
Looking forward, FactSet’s strategic focus on integrating AI technologies to supercharge financial intelligence promises to enhance client workflows and decision-making efficiency. Considering the Q2 2025 financials as a baseline, the new CEO’s vision and strategic initiatives are poised for driving sustainable revenue growth and shareholder value in the increasingly competitive financial technology landscape.
For detailed insights, the FactSet 8-K report is available: Source Document.
Tags: FDS, FactSet, Q2 2025, CEO Succession, AI in Finance, Financial Technology Innovation