Just a few months after taking the CFO job at OpenText (OTEX), Chadwick Westlake has returned to take over the reins at EQB Inc. (EQB) - after spending five years in the CFO seat previously.
He’ll have the tall task of leading through a challenging macro backdrop that’s driven a slowdown in on-balance sheet loan growth, higher impaired loans…
… and a weaker forward outlook.
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I’m optimistic about being able to grow at a good sort of double-digit basis, but I do think that’s going to be a challenge over the next 6 to 12 months.
Andrew Moor - EQB Q2’25 call
His ability to do so will be reflected in EQB’s valuation relative to its larger banking peers, which has started to open up again after two years of tight trading.
