Toronto, ON – June 24, 2025 — The Canadian banking and mortgage communities are mourning the sudden and unexpected loss of Andrew Moor, the long-serving President and Chief Executive Officer of EQB Inc., parent company of Equitable Bank. Moor passed away at the age of 65, leaving behind a legacy of innovation, growth, and transformative leadership in the financial sector.
Moor’s death was confirmed by Equitable Bank in a public statement released Tuesday morning. Widely regarded as a visionary and change-maker, Moor led Equitable Bank since 2007, becoming the longest-serving CEO in Canadian banking. Under his stewardship, the bank evolved from a modest regional trust company into Canada’s seventh-largest independent bank, boasting over CA$134 billion in assets and nearly 2,000 employees across the country.
“We are devastated by Andrew’s passing,” said Vincenza Sera, Chair of Equitable’s Board of Directors. “He was a visionary leader and a fierce advocate for innovation and progress in Canadian banking. His contributions to Equitable and to the broader financial community are immeasurable. He will be deeply missed.”
As part of its succession planning process, the bank has named Chief Risk Officer Marlene Lenarduzzi as interim CEO.
Moor’s legacy is defined by his bold strategic vision and commitment to challenging the traditional banking model. He was instrumental in launching EQ Bank, Canada’s first fully digital bank, which brought simplified, technology-driven financial services to consumers nationwide. His leadership also guided Equitable through major acquisitions, including Concentra Bank and ACM Advisors, which expanded the bank’s portfolio into areas such as reverse mortgages, equipment financing, and wealth management.
Known as the architect behind Equitable’s branding as “Canada’s Challenger Bank,” Moor championed the use of digital infrastructure to provide accessible, efficient, and customer-first banking solutions. His belief in technology as a tool for financial inclusion changed the landscape of the country’s banking industry.
Beyond the institution he led, Moor held prominent roles in shaping Canada’s financial future. He served as Chair and Director with Mortgage Professionals Canada (MPC), was active within the Canadian Bankers Association, and contributed to the Business Council of Canada. His academic affiliations included an advisory role with the Smith School of Business at Queen’s University.
Moor’s leadership was particularly tested during the 2008 global financial crisis, where his steady hand and long-term vision helped Equitable Bank not only weather the storm but emerge stronger. His focus on innovation, transparency, and customer service positioned the bank at the forefront of financial modernization in Canada.
Tributes have poured in from across the country, with colleagues, industry peers, and policymakers praising his forward-thinking leadership, deep industry knowledge, and unwavering commitment to ethical growth.
“Andrew was more than a banking executive—he was a true leader and innovator,” said a former colleague. “He believed in creating a better financial future for Canadians, and he did so with humility, clarity, and courage.”
Andrew Moor is survived by his family, friends, and the thousands of employees and clients who benefited from his guidance and passion for banking reform. Plans for a memorial or service have not yet been announced.
As the Canadian mortgage and banking industries reflect on this monumental loss, Andrew Moor’s legacy will endure—in the digital tools he helped pioneer, the institutions he strengthened, and the countless lives he touched throughout his remarkable career.