Log In
Register
Home
Topic RSS
Facebook
Twitter
Email this8:29 am
April 6, 2013
Offline
EQB announces passing of Andrew Moor, President & CEO
Marlene Lenarduzzi, EQB's Chief Risk Officer, named interim CEO, effective immediately
TORONTO, June 24, 2025 /CNW/ - It is with deep sadness that EQB Inc. (TSX: EQB) announces the unexpected passing of Andrew Moor, the company's President and Chief Executive Officer. The entire EQB team mourns the loss of our colleague and inspired leader and offers sincere condolences to the Moor family.
…
Marlene Lenarduzzi named interim CEO
In light of today's announcement, the Board of Directors activated its emergency succession plan and named Marlene Lenarduzzi as interim President and CEO. Ms. Lenarduzzi was also appointed to the board of Equitable Bank and EQB. Ms. Lenarduzzi currently serves as the bank's Chief Risk Officer and has more than 25 years of experience in risk management and banking strategy development, regulatory affairs, risk quantification, operations and execution.
…
6:08 pm
October 27, 2013
Offline
Love him or hate him, Andrew Moor was a significant disruptor in the banking marketplace. Just like Wealthsimple is a disruptor in the brokerage space, many of us need to give credit to Moor for pushing banking innovations AND the path to Open Banking. EQ shareholders would be the first to agree. May that effort continue......
8:57 am
April 6, 2013
Offline
Andrew Moor was an innovator. But, he knew what could realistically be accomplished.
He was quoted in 2017 by Financial Post (Mar 10, 2017): New banks try to carve out a niche the Big Six don't already dominate…:
Equitable Bank, an established player in the alternative mortgage space, launched the online banking venture in January 2016.
It now has some $1.1 billion in deposits after a flurry of interest helped by an initial offer of a three-per-cent interest account (it was brought down to two per cent in August.)
EQ Bank isn’t looking to compete directly with Canada’s big financial institutions, said Equitable’s chief executive Andrew Moor.
“We’re not looking to take 10 per cent of their market, or something,” he said. “If we got one per cent of the market, it would be huge for us.”
He was right. The November 2024 statistics from McVay and Associates are that all the "direct banks" together have around 6.5% of the personal deposits and about 4.6% of the personal mortgages and loans in Canada.
In contrast, TD has 15% of the personal deposits and 16.6% of the personal mortgages and loans. Royal Bank has 18% of the personal deposits and 18% of the personal mortgages and loans.
9:01 am
October 27, 2013
Offline
AI summary says......
EQ Bank, a digital banking platform and trade name of Equitable Bank, has a combined Assets Under Management (AUM) and Assets Under Administration (AUA) of $134 billion as of April 30, 2025. This includes both the assets managed by Equitable Bank and those administered under its various personal and commercial banking services. EQ Bank itself is a digital platform that focuses on personal banking, offering high-interest savings products and GICs, among other services
So EQB under Moor has done very well for themselves. It is a stock I should have paid some attention to at the time and taken a position in, but I tend to avoid investing in small companies and especially start ups.
7:24 pm
December 12, 2009
Offline
I think we're gushing too much praise on Andrew Moor. Yes, he had the right vision, but as Norman1 said above, it's not like that vision could not be easily foreseen. It just need someone to take the proverbial bull by the horns. He hired the right people to iron out, encapsulate, and implement that vision, former CTO Dan Dickinson and former CFO and COO Chadwick Westlake, who I give the bulk of the credit too. Strategy is one thing, yes, but it's the implementation and marketing that get it right. 
Cheers,
Doug
8:09 pm
October 27, 2013
Offline
It still takes the CEO to see the vision and hire the right people. THAT is the success factor of almost every CEO.
3:45 pm
December 12, 2009
Offline
AltaRed said
It still takes the CEO to see the vision and hire the right people. THAT is the success factor of almost every CEO.
Yes, that's true.
5:28 pm
December 12, 2009
Offline
Doug said
I think we're gushing too much praise on Andrew Moor. Yes, he had the right vision, but as Norman1 said above, it's not like that vision could not be easily foreseen. It just need someone to take the proverbial bull by the horns. He hired the right people to iron out, encapsulate, and implement that vision, former CTO Dan Dickinson and former CFO and COO Chadwick Westlake, who I give the bulk of the credit too. Strategy is one thing, yes, but it's the implementation and marketing that get it right.Cheers,
Doug
Chadwick Westlake has returned to EQB! He had left EQB in March to take up the CFO role at OpenText, potentially tiring of waiting of Mr. Moor to retire. In July, EQB announced Chadwick had been selected as permanent president & CEO effective August 25, 2025, with Marlene Lenarduzzi returning to her Chief Risk Officer duties on that date.
Please write your comments in the forum.