EQB Inc. Mourns CEO Andrew Moor's Passing, Navigates Leadership Transition
- EQB Inc. mourns the loss of CEO Andrew Moor, who transformed the bank since 2007, significantly expanding its assets.
- Marlene Lenarduzzi, EQB's Chief Risk Officer, steps in as interim CEO during this leadership transition.
- The bank remains committed to innovation and customer service, aiming to uphold Moor's impactful legacy.
EQB Inc. Faces Leadership Transition Following the Death of Long-Serving CEO Andrew Moor
EQB Inc., Canada's seventh-largest bank, mourns the unexpected passing of its President and CEO, Andrew Moor, who died on June 24, 2025, at the age of 65. Moor had been a transformative leader since joining the company in 2007, guiding it from a modest regional trust company with $4.4 billion in assets and 104 employees to a significant banking institution with $134 billion in assets under management and nearly 2,000 employees. His visionary approach and commitment to innovation positioned EQB as a leading player in the Canadian banking sector, recognized for its competitive residential and commercial lending services. The Board Chair, Vincenza Sera, emphasizes that Moor's legacy is one of profound impact, benefiting not just the bank's customers but the broader Canadian financial system.
Moor’s leadership style fostered an environment of creativity and change, exemplified by the successful launch of EQ Bank in 2016. This award-winning digital platform set a benchmark for banking innovation, reflecting EQB's identity as Canada's Challenger Bank™. Under his stewardship, the company consistently delivered strong financial performance, earning recognition as one of North America's best-performing banks. His passing is a significant loss not only for the EQB team but also for the entire financial community, as many colleagues and industry peers remember him as a brilliant and forward-thinking leader. The extensive impact he made over his lengthy career is evident in the heartfelt tributes pouring in from those who knew him.
In light of Moor's death, Marlene Lenarduzzi, EQB's Chief Risk Officer, steps in as interim CEO. With over 25 years of experience in banking and risk management, Lenarduzzi is seen as a steady hand to guide the bank through this difficult transition. The Board has been proactive, having already initiated a CEO succession plan over the last two years as part of a thoughtful strategy in anticipation of Moor's eventual retirement. This foresight positions EQB to continue thriving and maintaining operational continuity during this challenging time. Sera expresses confidence in the bank's leadership team, assuring stakeholders that they are committed to upholding Moor's legacy of excellence and innovation.
The financial community and EQB's customers express their condolences, reflecting on Moor's contributions as both a dedicated leader and a community supporter. As EQB navigates this transition, the bank remains focused on its commitment to innovation and customer service, ensuring that Moor's vision for the future continues to guide its operations.