The corporate described his demise as an “sudden” loss and paid tribute to his 17-year management of EQB and Equitable Financial institution, which he helped develop into Canada’s seventh-largest financial institution by belongings.
“Andrew was a visionary chief and a fierce advocate for change and innovation in banking that advantages all Canadians,” mentioned Board Chair Vincenza Sera in an announcement. “He instilled a tradition at EQB that’s each forward-looking and trustworthy to the sound ideas of prudent banking that engender public belief. He will likely be missed.”
On the time of his demise, Moor was the longest-serving financial institution CEO within the nation, having joined in 2007. Underneath his tenure, EQB expanded from a modest belief firm with $4.4 billion in belongings and 107 staff right into a nationwide monetary providers participant with $134 billion in mixed belongings below administration and almost 2,000 staff.
His legacy consists of launching EQ Financial institution in 2016, now acknowledged as considered one of Canada’s top-ranked digital banks, and constructing EQB into a serious securitizer of CMHC-insured multi-unit residential mortgages—a key contributor to the reasonably priced housing sector.
Moor was additionally recognized for championing group causes and fostering a values-based tradition inside the financial institution.
Moor additionally performed a management function within the broader mortgage trade, serving as Chair of Mortgage Professionals Canada from 2007 to 2008. Reflecting on his time in that place, he as soon as mentioned:
“Our function helps Canadians construct higher lives, communities and futures with the selection they deserve. I’m proud to have been part of this journey as Chair and proceed to actively assist the channel as EQ Financial institution drives constructive change for Canadians alongside our dealer companions.”
His phrases mirrored a deep and lasting dedication to mortgage brokers and to giving Canadians actual selection in how they finance their houses, one thing he championed all through his profession.
Management transition already underway
The board has appointed Chief Threat Officer Marlene Lenarduzzi as interim President and CEO, efficient instantly. She has additionally been named to the boards of Equitable Financial institution and EQB Inc.
Lenarduzzi brings greater than 25 years of expertise in banking technique, danger administration, regulatory affairs and operations. The board emphasised its full confidence in her management as EQB enters this transitional interval.
The corporate mentioned it had already been getting ready for Moor’s retirement, confirming {that a} everlasting CEO succession plan had been properly underway for 2 years, involving each inside and exterior candidates. The board mentioned it expects to announce a brand new everlasting CEO “within the very close to time period.”
“Due to Andrew’s impressed management, EQB has the proficient folks, the high-performance tradition and the confirmed shareholder worth creation methods to excel in his absence,” mentioned Sera.
Paul Grewal, President of Highclere Capital and a long-time trade chief, first met Andrew Moor throughout his tenure as CEO at Invis.
He informed Canadian Mortgage Tendencies that he remembers Moor as “an clever and articulate govt who helped remodel the brokerage into a bigger, extra unified group.” Later, when Mortgage Professionals Canada was looking for new board members and potential Chairs, Moor stood out as “an enormous in our trade,” Grewal says.
Although Moor was within the strategy of transitioning to Equitable Financial institution on the time, Grewal says he remained dedicated to advancing MPC’s governance mannequin, intentionally steering the Board towards long-term technique somewhat than day-to-day operations.
“He clearly was a visionary and knew the Canadian monetary providers market required a transformative digital financial institution to compete towards the established banking sector and labored with mortgage brokers who have been a necessary distribution channel,” he mentioned.
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Final modified: June 24, 2025
