ACA Group (ACA), a leading governance, risk, and compliance (GRC) solutions provider in financial services, announced the appointment of Trey Loughran as Chief Executive Officer and member of the Board of Directors, effective immediately. Genstar Capital (Genstar), a leading private equity firm, is the lead investor in ACA Group.
Loughran succeeds Patrick Olson, who was appointed CEO in May 2023. Olson will transition to the role of Vice Chairman, where he will continue to support key institutional client relationships and represent ACA with clients and at key industry forums.
Loughran is a seasoned executive with over 30 years of experience in financial services, data and analytics, and technology-enabled services. Most recently, he served as CEO of Purchasing Power, a private equity-backed financial services platform, where he led a successful business transformation and sale to PROG Holdings. Prior to that, Loughran spent over 12 years at Equifax, where he held senior leadership roles, including President of its US Information Solutions and Personal Solutions business units and Chief Marketing Officer. At Equifax, he led large-scale P&L management, M&A execution, new product innovation, and enterprise go-to-market strategy. He began his career at Lazard, later practiced law, and worked with McKinsey & Company before transitioning into operating leadership roles. Loughran holds a J.D. from Harvard Law School and a B.A. from the University of North Carolina at Chapel Hill.
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Ben Brigeman, Chairman of the Board of ACA Group, commented: “ACA has built an extraordinary position as a leading GRC provider to the financial services industry, serving more than 6,000 clients globally. The Board is confident that Trey’s combination of deep financial services expertise, commercial instinct, and people-first leadership will help ACA translate that market position into accelerated growth. We are excited about the opportunity ahead.”
Trey Loughran, Chief Executive Officer of ACA Group, said: “ACA sits at the intersection of forces I have focused on my entire career: the growing complexity of regulatory compliance, the shift toward outsourced and technology-enabled solutions, and the clear demand for a category-defining platform. ACA’s leading team, client relationships, and reputation are what make this opportunity so exciting. I look forward to driving the next phase of ACA’s growth alongside our talented team and to delivering even greater value to our clients.”
Sid Ramakrishnan, Managing Director of Genstar Capital, commented: “ACA’s combination of advisory expertise, managed services, and technology-enabled solutions positions it to capture the significant growth opportunity in regulatory compliance and operational resilience. Trey’s operating experience, client orientation, and track record of building high-performing teams make him the right leader for ACA’s next chapter.”
Brigeman added: “We are pleased that Patrick will continue to support ACA’s client relationships and institutional presence in his new role as Vice Chairman. His knowledge of our client base and industry standing will be a valuable asset during this transition.”
Source: BusinessWire