EQB Inc. Announces Passing of CEO Andrew Moor

TORONTO, June 24, 2025 — EQB Inc., a prominent financial institution in Canada, has announced the unexpected passing of its President and Chief Executive Officer, Andrew Moor. The news was confirmed by multiple sources, including BNN Bloomberg, CEO.ca, and Finanzen.net, all reporting on the same day.

Andrew Moor, who was 65 at the time of his passing, was a significant figure in the Canadian banking sector. He served as the longest-serving bank CEO in Canada, known for his visionary leadership and commitment to innovation in banking. Under his stewardship, EQB Inc. cultivated a culture that balanced forward-thinking strategies with the sound principles of prudent banking, earning public trust and respect.

In a statement, Vincenza Sera, Chair of the Board, expressed deep sorrow over Moor’s passing, highlighting his role as a fierce advocate for change and innovation that benefited all Canadians. “Andrew’s death is a tragic loss to all of us at EQB and to everyone who had the pleasure of knowing him,” Sera said. “He was a visionary leader and instilled a culture at EQB that is both forward-looking and faithful to the sound principles of prudent banking.”

In the wake of this loss, Marlene Lenarduzzi, EQB’s Chief Risk Officer, has been named the interim CEO, effective immediately. This decision was communicated by EQB Inc. as part of their efforts to ensure continuity and stability within the organization during this challenging time.

EQB Inc., listed on the Toronto Stock Exchange, specializes in providing first mortgage financing for properties across Canada, focusing on multi-unit residential and alternative single dwelling mortgage financing. Additionally, the company issues Guaranteed Investment Certificates as a nationally licensed, CDIC insured deposit-taking institution.

As of June 22, 2025, EQB’s close price was CAD 94.85, with a market capitalization of CAD 3,574,573,824. The company’s 52-week high was CAD 114.22, and its 52-week low was CAD 85.14. The price-to-earnings ratio stood at 9.59592.

The company and its stakeholders are mourning the loss of a leader who left a lasting impact on the financial industry and the community. Further details regarding the interim leadership and future plans will be communicated by EQB Inc. in due course.