S&P Global Names New Head of Fixed Income Markets
Debt issuers and investors dealing with S&P Global's primary-markets business will now work with a single global leader for fixed income and municipal securities.
Updated on Nov. 4, 2026 in People
S&P Global has appointed Alex Sedgwick as global head of fixed income and municipals, primary markets, following the retirement of Carl James. Sedgwick joined the firm in May 2025 as head of municipal and fixed income primary markets for the Americas, and his promotion puts him in charge of the global primary-markets business for fixed income and municipal debt.
Why it matters
The move consolidates primary-markets leadership for fixed income and municipal debt under one global head, a structural change for banks, issuers and investors that rely on that franchise. For operators in financial services, a leadership transition at a major ratings and data firm can signal shifts in how bond issuance and related analytics are sold and staffed.
James spent almost four years at S&P Global after a career of more than three decades in the industry, and Sedgwick spent almost four years at Trading Technologies before joining S&P Global in May 2025. The source does not provide transaction volumes, headcount or revenue figures for the business unit.
The players
S&P Global
A major global ratings, data and analytics firm whose fixed income and municipal primary-markets business serves issuers and investors worldwide.
Alex Sedgwick
A fixed income markets executive who previously held data and analytics leadership at Trading Technologies and earlier roles at Susquehanna, T. Rowe Price, MarketAxess and Morgan Stanley.
Carl James
A fixed income and FX trading veteran with more than three decades in the industry who previously held senior roles at Pictet, BNP Paribas Asset Management, Janus Henderson and UBS Global Asset Management.
The details
Sedgwick moves into a global role covering the primary-markets franchise for fixed income and municipal securities, having previously led that work for the Americas after joining in May 2025. James previously held senior fixed income and FX trading and dealing positions at Pictet Asset Management, BNP Paribas Asset Management, Janus Henderson and UBS Global Asset Management. Sedgwick's earlier roles include positions at Susquehanna, T. Rowe Price, MarketAxess and Morgan Stanley, and he became global head of the data and analytics offering at Trading Technologies.
Timeline
May 2025: Sedgwick joins S&P Global as head of municipal and fixed income primary markets, Americas.
November 2026: Carl James announces his retirement from S&P Global.
Market Landscape
Ratings and data firms have long organized fixed income and municipal primary-markets work by region, so consolidating it under a single global head reflects that existing structure. The change sits within a competitive market where trading-technology and analytics backgrounds, such as Sedgwick's, increasingly appear in senior fixed income roles.
Firms that buy or sell fixed income and municipal primary-market services should note the new global reporting line and watch for any change in relationship contacts. Operators should review vendor and banking relationships with the affected units if their dealings depend on specific individuals.
The takeaway
Leadership changes at major ratings and data firms often precede shifts in product focus, so track any S&P Global announcements on fixed income and municipal primary markets over the coming quarters. Confirm your current account coverage with the firm before making any changes to vendor or service arrangements.
Further reading
For more on the executive moves shaping the industry, see our coverage in People.
Source note: This article includes information reported by The TRADE.
