EQB Inc. has appointed Chadwick Westlake as its next president and CEO, effective August 25, 2025. The appointment followed a years-long succession plan and provided a new chapter for the bank after former CEO Andrew Moor passed.
Westlake is the former chief financial officer of EQB and will also join the company’s board of directors. Marlene Lenarduzzi stepped in with interim CEO earlier this year and she will return to Chief Risk Officer.
“Chadwick has all the leadership and skills to identify the board as taking EQB to the next level,” said Vincenza Sera, chairman of the board. “His unique position is to maintain the culture and innovative thinking of Challenger Banks, which moves us forward.”
Westlake previously served as CFO of EQB from 2020 to March 2025, a period that included the company’s acquisition of Concentra Bank and its expansion to cover bond and capital markets. He helps oversee EQB’s corporate strategy, investor relations, finance, securitization and legal functions. After a brief tenure as EVP and CFO at Opentext Corporation, he returned to the company.
Westlake said in a statement that he was honored to build on the basis of Moor left behind, which has led the agency for more than 15 years.
“We are entering the era of defining banking development,” he said. “EQB has a strong market position and its full potential is still to be unleashed. It was the greatest honor of my career, taking over Andrew-inspired leadership and rejoining my Challenger teammates to further build the extraordinary institution he has built.”
EQB’s board of directors began a CEO search a few years ago, and Moor played a direct role in determining Westlake was the successor. The process is directed by the Special Committee and supported by global administrative search companies.
Westlake’s banking background spans nearly two decades with Scotiabank, where he holds senior leadership positions in Canadian banking, wealth management, international banking, global banking and markets, and corporate functions. He was named one of Canada’s best executives Earth and Mail Earlier this year.
EQB Inc. is the parent company of Fair Bank and EQ Bank. As of April 30, 2025, the consolidated assets under management and management were US$134 billion. The bank positioned itself as a digital-first alternative to traditional financial institutions and served over 742,000 clients through its partnerships.
56 visits today, 56 visits
Andrew Moore Chad Westlake EQB Fair Bank Leader Marlene Lenaduz Mortgage Career Action
Last modified: July 9, 2025
