Overview

• Chadwick Westlake returns to EQB after a brief stint as Open Text CFO and will join the bank’s board when he becomes CEO.
• Interim chief executive Marlene Lenarduzzi will lead the bank until August 25 before resuming her role as chief risk officer.
• During Westlake’s previous 4½-year tenure as CFO, EQB’s share price more than doubled and assets under management grew to $134 billion.
• Board chair Vincenza Sera and a special selection committee completed a years-long succession plan that was already advanced when former CEO Andrew Moor died on June 23.
• Analysts said Westlake’s appointment bolsters confidence in EQB’s public listing and diminishes speculation about a potential take-private deal.