EQB Inc. has named Chadwick Westlake as its subsequent President and CEO, efficient August 25, 2025. The appointment follows a multi-year succession plan and marks a brand new chapter for the financial institution following the passing of former CEO Andrew Moor.
Westlake, a former CFO at EQB, will even be a part of the corporate’s Board of Administrators. Marlene Lenarduzzi, who stepped in as interim CEO earlier this 12 months, will return to her function as Chief Threat Officer.
“Chadwick possesses all of the management qualities and talent units the board recognized as essential to take EQB to the subsequent stage,” stated Vincenza Sera, Chair of the Board. “He’s uniquely positioned to uphold the challenger financial institution tradition and innovation mindset that drives us ahead.”
Westlake beforehand served as CFO of EQB from 2020 to March 2025, a interval that included the corporate’s acquisition of Concentra Financial institution and growth into coated bonds and capital markets. He helped oversee EQB’s company technique, investor relations, treasury, securitization and authorized capabilities. He returns to the corporate after a short stint as EVP and CFO at OpenText Company.
In a press release, Westlake stated he was honoured to construct on the inspiration left by Moor, who led the establishment for over 15 years.
“We’re coming into a defining period within the evolution of banking,” he stated. “EQB’s market place is powerful, with its full potential nonetheless to be unleashed. It’s the biggest honour of my profession to take up the mantle of Andrew’s impressed management and rejoin my challenger teammates to additional the exceptional establishment he constructed.”
EQB’s Board started the CEO search a number of years in the past, with Moor taking part in a direct function in figuring out Westlake as a successor. The method was guided by a particular committee and supported by a worldwide government search agency.
Westlake’s banking background spans almost twenty years at Scotiabank, the place he held senior management roles in Canadian Banking, Wealth Administration, Worldwide Banking, World Banking & Markets, and company capabilities. He was named certainly one of Canada’s Finest Executives by The Globe and Mail earlier this 12 months.
EQB Inc. is the father or mother firm of Equitable Financial institution and EQ Financial institution. As of April 30, 2025, it had $134 billion in mixed property below administration and administration. The financial institution positions itself as a digital-first different to conventional monetary establishments and serves over 742,000 purchasers, together with six million credit score union members by its partnerships.
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Final modified: July 9, 2025
