President and CEO
When you’ve been president of a company for almost 10 years, it’s sometimes hard to maintain positive momentum, but Andrew Moor, president and CEO of Equitable Bank, has managed to do just that. In 2016, Equitable made headlines for launching the all-digital/no-branch EQ Bank and offering an industry-high 3% no-fee savings account. “Each year, Canadians are leaving billions of dollars of interest on the table,” Moor said in a statement about the launch. “Our goal is to ensure they get the most out of their hard-earned money. Without the cost of traditional branches, we can focus on our customers first, helping them achieve their savings goals faster.”
Equitable Bank also received $50 million worth of capital in 2016 from OMERS, the pension plan for Ontario’s municipal employees, for common shares of the company.