Equitable Bank (EQB) appoints Carolyn Schuetz, Marcos Lopez and Michael Hanley to its Board as Independent Directors

– CANADA, Toronto –  EQB Inc. (TSX: EQB | TSX: EQB) today announced the appointments of Carolyn Schuetz, Marcos Lopez and Michael Hanley to its Board as independent directors, effective immediately bringing the Board to 12 independent members.

The company also announced that David LeGresley and Lynn McDonald will not stand for re-election as Directors at the 2023 AGM.

“As Canada’s 7th largest independent Canadian bank by assets, Equitable Bank’s scope and scale dictate that we enhance our governance, which is exactly what the appointments of these accomplished leaders achieve,” said Board Chair, David LeGresley. “Their presence will be accretive to our deliberations as Canada’s Challenger Bank embarks on its next chapter of growth, service and performance. I welcome Carolyn, Marcos and Michael and look forward to the contributions they will make to our Bank’s broader purpose of enriching people’s lives.”

About Carolyn Schuetz

Carolyn Schuetz is an accomplished executive with more than 30 years of global experience in financial services. Having spent 16 years at HSBC, most recently as COO for Group Retail Banking and Wealth Management, she brings deep operational expertise and a proven track record of delivering large-scale transformational change in complex, highly regulated industries. She serves on the board of OakNorth Bank plc, a UK-regulated private FinTech bank, and Altus Group Limited, which provides the global corporate real estate industry with intelligence-as-a-service solutions to maximize returns and reduce risk.

Ms. Schuetz holds a Bachelor of Mathematics from the University of Waterloo, is a Chartered Professional Accountant, and has an MBA from Stanford

About Marcos Lopez

Marcos Lopez is the former CEO of Solium Capital Inc. (now Shareworks by Morgan Stanley). His long stewardship of Solium culminated in its acquisition by Morgan Stanley for $1.1 billion. Under his leadership, Solium’s Shareworks platform evolved into a world-class suite of products and services used by more than 3,000 companies worldwide. After Morgan Stanley acquired Solium, he became Co-Head of Morgan Stanley at Work, ensuring a successful integration of the business and ultimately helping create the largest employee share plan administration business globally. Before becoming Solium’s CEO, he was the co-founder of Bitonic Solutions Inc.

Mr. Lopez holds a Bachelor’s Degree in Computer Science from the University of Calgary, and was the 2012 recipient of the Ernst & Young Entrepreneur of the Year award for the technology sector, Western Canada

About Michael Hanley

Michael Hanley is a Corporate Director with over 25 years of experience in leadership roles and corporate governance. He serves on the Board of Directors and acts as chair of the audit committee of LyondellBasell Industries N.V., where he is also a member of the Compensation and Talent Development Committee. In addition, he is the Lead Director of Nuvei Corporation and a member of the Board of Directors of ExCellThera Inc. Previously, Mr. Hanley served as a member of the Board of Directors, the audit committee and the human resources and compensation committee of Industrial Alliance Insurance and Financial Services Inc. and the Board of Directors and the audit committee of Le Groupe Jean Coutu Inc. Earlier in his career, Mr. Hanley was SVP Operations and Strategic Initiatives at National Bank of Canada and held a number of positions at Alcan Inc., including EVP and CFO, and President and CEO of the Global Bauxite and Alumina business group. He also served as CFO of two other Canadian public companies, Gaz Métro (now Energir) and St-Laurent Paperboard Inc.

Mr. Hanley is a Chartered Professional Accountant and member of the Ordre des comptables professionnels agrees du Québec since 1987

About EQB Inc.

EQB trades on the Toronto Stock Exchange and serves more than 370,000 Canadians through its wholly-owned subsidiary Equitable Bank, Canada’s Challenger Bank. Equitable Banks wholly owned subsidiary Concentra Bank supports credit unions across Canada that serve more than 5 million members. Equitable Bank has over $100 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people’s lives. Founded over 50 years ago, Canada’s Challenger Bank provides diversified personal and commercial banking. Its EQ Bank platform has been named the top Schedule I Bank in Canada on the Forbes World’s Best Banks 2022 and 2021 lists.

For more information: https://www.equitablebank.ca/

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