EQB Inc. Appoints Chadwick Westlake as New CEO Amid Strategic Growth Initiative
- Chadwick Westlake is appointed President and CEO of EQB Inc., effective August 25, 2025, after Andrew Moor's passing.
- Westlake aims to drive EQB's growth while maintaining a focus on customer service and innovation.
- EQB's credit rating remains BBB with a Stable trend, reflecting confidence in the company's strategic direction under new leadership.
EQB Inc. Welcomes New Leadership Amid Strategic Growth Plans
On July 9, 2025, EQB Inc. announces the appointment of Chadwick Westlake as its new President and CEO, effective August 25, 2025. This transition follows the unexpected passing of Andrew Moor, who led the company for nearly two decades. Westlake, who has a deep history with EQB, previously served as CFO and played a significant role in pivotal initiatives such as the acquisition of Concentra Bank and the establishment of a $3.1 billion European covered bond program. His extensive experience in the banking sector, including 18 years at Scotiabank, positions him well to navigate the competitive landscape of financial services.
Westlake’s return to EQB comes at a crucial juncture for the institution, which currently manages $134 billion in combined assets under management and administration. He expresses excitement about driving the bank into its next growth phase, emphasizing the importance of maintaining EQB's commitment to customer service and innovation. His prior success in enhancing EQB's capital markets capabilities and corporate strategy showcases his readiness to lead the company amidst evolving market demands.
The board of directors, led by Chair Vincenza Sera, highlights Westlake's unique understanding of EQB's operations and culture as a key asset for the company’s future. The leadership transition is designed to ensure continuity and strategic focus as EQB aims to build on its reputation as Canada’s Challenger Bank. Marlene Lenarduzzi, who serves as interim CEO, will revert to her role as Chief Risk Officer upon Westlake’s official start, ensuring a smooth transition of leadership.
In conjunction with this announcement, DBRS Limited affirms EQB’s credit rating at BBB with a Stable trend, indicating confidence in the firm’s strategic direction under new leadership. The board's selection process for Westlake involved a thorough evaluation of candidates, emphasizing the importance of continuity in executing EQB's strategic priorities without disruption. As EQB looks forward, stakeholders remain optimistic about the company's trajectory and commitment to innovation and customer-centric solutions in the financial sector.