Equitable Bank Mourns Loss of CEO Andrew Moor, Appoints Interim Leader

Business

We begin with somber news from Equitable Bank. Andrew Moor, who led its success, sadly passed away at 65 this weekend. His death, announced on Tuesday, June 24, 2025, ends a remarkable chapter for Canada’s seventh-largest bank.

For almost 20 years, Andrew Moor guided Equitable Bank with a clear vision and talent. He took over as CEO in 2007, growing it from a modest outfit with 104 employees and $4.4 billion in assets to a powerhouse with nearly 2,000 staff and $134 billion in assets under management and administration.

We now see Marlene Lenarduzzi step in as interim CEO, a steady hand with over 25 years of experience, while the bank prepares to name a long-term leader soon.

This introduction sets the stage for a deeper look at Moor’s legacy. His launch of EQ Bank in 2016 reshaped digital banking, serving 742,000 customers today. We invite you to explore how Equitable Bank will carry forward its work.

Andrew Moor’s Transformative Leadership

We recognize Andrew Moor as a cornerstone of Equitable Bank’s success. He joined in 2007, when the bank was small and unassuming. His steady guidance turned it into a major player over 18 years.

Moor’s tenure made him Canada’s longest-serving bank CEO at his passing. He leaves behind a legacy of growth and innovation. We see his influence in every part of the bank’s story.

Building a Banking Giant

When Andrew Moor started, Equitable Bank had $4.4 billion in assets. By 2025, that figure soared to $134 billion in combined assets under management and administration. This growth reflects his clear strategy and focus.

The bank’s workforce grew from 104 to nearly 2,000 under his watch. Equitable Bank now ranks as Canada’s seventh-largest bank. We credit Moor for this steady climb..

Andrew Moor
EQB Inc. (EQB.TO) Stock Chart

A Strong Foundation for Shareholders

We note Andrew Moor delivered exceptional value to shareholders. Over 18 years, Equitable Bank’s total shareholder return ranked among North America’s best. His leadership built trust and results.

This success came from smart decisions and a focus on growth. Moor balanced innovation with stability. We admire how he kept shareholders at the heart of his plans.

Planning for Transition

We find comfort in Equitable Bank’s readiness for this moment. For two years, the bank prepared for Andrew Moor’s retirement. His unexpected passing tested that planning, but the foundation holds firm.

Marlene Lenarduzzi now leads as interim CEO with over 25 years of experience. A permanent successor will follow soon. We trust this transition honors Moor’s careful groundwork.

Andrew Moor’s Lasting Legacy

We celebrate Andrew Moor for shaping Equitable Bank into a leader. His ideas changed how Canadians bank, especially through EQ Bank. His impact went beyond numbers, touching the lives of many.

Moor’s focus on customers drove every step forward. He set a high bar for innovation in banking. We see his mark in the industry’s shift toward digital solutions.

A Vision for Innovation

Andrew Moor pushed Equitable Bank to think ahead. Starting EQ Bank in 2016 showed Andrew’s talent for seeing what was coming. It brought banking to people’s fingertips.

His commitment earned global praise, like Forbes’ recognition. Moor cared about making banking simple and useful. We value how he puts customers first.

Equitable Bank’s Next Chapter

  • Equitable Bank moves forward following the passing of CEO Andrew Moor.
  • Strong leadership teams and established systems ensure business continuity.
  • The bank’s future strategy builds on Moor’s legacy and achievements.
  • Marlene Lenarduzzi appointed as interim CEO.
  • Brings over 25 years of banking experience and deep knowledge of Equitable Bank.
  • Her leadership provides stability during this transition period.
  • Lenarduzzi remains committed to upholding Andrew Moor’s vision.
  • Leads the bank while the search for a permanent CEO continues.

Final Thoughts

We mourn Andrew Moor, a leader who lifted Equitable Bank to new heights. His work touched millions through EQ Bank and beyond. Equitable Bank now carries his vision into the future.

With Marlene Lenarduzzi guiding the bank, we expect a smooth shift. The next CEO will stand on Moor’s shoulders. We honor his memory by watching Equitable Bank thrive.

Disclaimer:

This content is made for learning only. It is not meant to give financial advice. Always check the facts yourself. Financial decisions need detailed research.