EQB, the owner of Canada’s seventh-largest bank, appointed chief risk officer Marlene Lenarduzzi as interim CEO. Moor was Canada’s longest-serving bank CEO, holding the position since 2007. (The Logic)

Talking point: Moor grew the bank from $4.4 billion worth of assets under administration to $134 billion of combined assets under management and administration, luring customers with no-fee digital banking and its “Canada’s challenger bank” branding in a notoriously concentrated market for financial services. Equitable Bank’s success with that model stands out, as Big Five banks acquired digital challengers Tangerine and Simplii, and other smaller banks, like Laurentian, struggled. Moor was a vocal proponent of policy reforms aimed at boosting competition in financial services, especially open banking. Moor and the company’s board had been planning for his retirement and expect to announce his long-term replacement soon, the company said in a release.