Joseph (“Trey”) Loughran has been appointed Purchasing Power’s Chief Executive Officer. He comes to Purchasing Power having held multiple senior executive roles spanning financial services and technology, digital marketing and data analytics across both business-to-business and business-to-consumer platforms. He joins the company most recently from Red Ventures, where he was president of Bankrate.com, a leading online provider of banking services to consumers via one of the largest digital domains in financial services.
Loughran succeeds Richard (“Ritt”) Carrano, who has served as a senior executive of the company for 18 years and CEO since 2011. Carrano will continue to serve as a member of the board of directors and as an advisor to the company.
“I have watched Purchasing Power for yeas and admired the tremendous job Ritt and his team have done to build a market-leading platform poised for continued growth,” said Loughran. “I look forward to serving the company’s customers, clients and partners as we continue to develop innovative solutions for employers focused on the financial well-being of their employees.”
Prior to Red Ventures, Loughran held a number of senior executive roles over a 12-year career at Equifax, including president of two of the company’s four business units, chief marketing officer, and head of corporate development and emerging markets. His experience at Equifax includes working with large business customers across a range of segments including financial services and employer services, as well as providing financial wellness, credit, and identity protection services directly to consumers through digital channels. Before Equifax, Loughran held various roles at BellSouth Corporation, McKinsey & Company, and Lazard Frères & Co.
Loughran graduated magna cum laude from Harvard Law School and holds a bachelor’s degree in economics and political science from the University of North Carolina at Chapel Hill. He also serves as the chair of the board for the Be the Match Foundation, the country’s largest bone marrow and stem cell transplantation registry, is the past vice-chair of FinTech Atlanta and is a graduate of Leadership Atlanta.
Trey Loughran, Chief Executive Officer