TORONTO, Aug. 1, 2023
/CNW/ - EQB Inc. (TSX: EQB) (TSX: EQB.PR.C) and its wholly owned
subsidiary Equitable Bank (together, "Equitable") announced that
Chief Risk Officer Ron Tratch will be leaving Equitable as of
August 31, 2023.
"Ron has been a valued member of Equitable's senior management
team since he joined as Vice-President, Commercial Credit in 2011.
He became Chief Risk Officer in January of 2015 and since that time
has led the risk function on many successful initiatives that have
contributed to our growth and success, including the ongoing
advancement of the Bank's AIRB project for capital and risk
management. We are grateful for his guidance and leadership and
wish him well in the next chapter of his professional career," said
Andrew Moor, President and Chief
Executive Officer.
Moor continued, "we're fortunate to have a strong Risk team at
Equitable which will oversee all of our risks as we always have –
prudently and effectively."
Equitable will be announcing the appointment of a new Chief Risk
Officer in due course.
About EQB Inc.
Equitable Bank—Canada's Challenger Bank™—is a wholly owned
subsidiary of EQB Inc., which trades on the Toronto Stock Exchange
(TSX: EQB) (TSX: EQB.PR.C) and serves more than 543,000 customers.
Equitable Bank's wholly owned subsidiary Concentra Bank supports
Canadian credit unions and their more than 6 million members. With
over $108 billion in combined assets
under management and administration, Equitable Bank has a clear
mandate to drive change in Canadian banking to enrich people's
lives. Founded more than 50 years ago, Canada's Challenger Bank™ provides diversified
personal and commercial banking, and through its digital EQ Bank
platform (eqbank.ca) has been named the top Schedule I Bank in
Canada on the Forbes World's Best
Banks 2021, 2022 and 2023 lists. Please visit
eqbank.investorroom.com for more details.
Investor
contact:
David Lee
Investor Relations
investor_enquiry@eqbank.ca
|
Media
contact:
Deborah Chatterton
Director, Communications
dchatterton@eqbank.ca
|
View original content to download
multimedia:https://www.prnewswire.com/news-releases/equitable-announces-departure-of-chief-risk-officer-301890934.html
SOURCE Equitable Bank