President and Chief Executive Officer
Andrew Moor joined the Company as President and Chief Executive Officer and a Director in March 2007. Under Andrew's leadership, total assets under management have grown to $33 billion. Since 2007, he has worked with Equitable's senior management team to: lead the organization through the financial crisis of 2008, build a significant national business in single family lending, establish Equitable as a major participant in the Canada Mortgage Bond program and launch a number of new products including a HELOC, accessible by a Visa Card and a High Interest Savings Account. Andrew led the conversion of The Equitable Trust Company into a Schedule I Bank, Equitable Bank, in 2013.
Andrew's focus in recent years has been in positioning Equitable Bank as "Canada's Challenger Bank". Equitable has approximately $15 billion of deposits outstanding and is an active participant in the deposit market. Andrew has been establishing EQ Bank as a leading digital banking player, to provide deposit funding for its lending businesses, with an easy to use mobile app that offers a unique combination of payments functionality and great savings rates. Andrew is a keen observer of the challenger and neo bank community around the world, particularly in the UK and Europe. He is interested in how banks can lever technology to improve the societies in which they operate, and is a proponent of Open Banking as a means of delivering financial services more effectively to people from all walks of life.
Andrew joined Wood Gundy Inc. in 1987 and was a Managing Director in the private equity division of CIBC before joining SMED International, one of CIBC's investee companies, in 1996 as CFO and before being promoted to President. After SMED was acquired in 2000 for approximately $300 million, he was backed by private equity investors to become President and CEO of Invis Inc. He built Invis to become Canada's largest residential mortgage brokerage and the business was acquired by HSBC in 2005.
Andrew is a member of the Executive Council of the Canadian Bankers Association, Chairman of the Trust Companies Association, a member of the Business Council of Canada and a past Chairman of Mortgage Professionals Canada. He also serves as a director of Sleep Country Canada and as a member of the Smith School of Business, Advisory Board at Queen's University.
Andrew graduated from University College London in 1981 with a Bachelor of Science degree in mechanical engineering. He earned his Master's in Business Administration from the University of British Columbia in 1987.