Moor and the board hadalready been working on a succession plan, which Equitable spokesperson Maggie Hall described as “very advanced”, prior to his passing.
Moor had served as president, chief executive officer and director at EQ Bank since March 2007, and was credited with helping lead the organization through the 2008 financial crisis, building a significant national single-family lending business, establishing the company as a major participant in the Canada Mortgage Bond program, and launching a range of new products and initiatives.
The bank, which currently has $127 billion in assets under management and administration, evolved under Moor’s leadership into a challenger to Canada’s traditional Big Six banking giants, making big gains in recent years.
He was also known as a staunch advocate for the mortgage broker space, telling Canadian Mortgage Professional last year of the importance of “keeping the reputation of the channel in good shape so that mortgage brokers continue to thrive in Canada.”
The mortgage industry paid its respects to Moor on Tuesday morning. Alex Haditaghi, founder of Radius Financial, said he was “heartbroken and deeply shocked” by the news.
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