Mr. Speaker, Andrew Moor was a warrior for more competition in the financial services sector and the most respected and passionate advocate for open banking. Under his leadership, Equitable Bank grew from $3 billion in assets to $125 billion. It was deemed Canada's challenger bank.
Andrew and EQ Bank challenged more than their competitors. They challenged the system, they challenged bureaucracy and they challenged the rules. His persistence on open banking always focused on benefits to consumers, increasing access, enhanced service and, of course, lower costs.
A few months ago, Andrew unexpectedly passed away. It is regrettable that the system here moved too slowly for him to see it to fruition, but the road to open banking has been paved with the stones that Andrew laid. While the business community grieves a remarkable leader, we cannot help but think of the family that Andrew cared for deeply and treasured enormously.
Andrew will be missed, but his legacy will endure.