A Wealth One office in Toronto. A consortium led by Globalive Corp. closed their acquisition of the bank in early July after a lengthy regulatory review.

Wealth One Bank of Canada has parted ways with its chief executive, Paul Leonard, shortly after new owners acquired the Toronto-based financial institution that was subject to a federal government divestiture order.

John Webster, a long-time financial services executive who became Wealth One’s chairman last month, has stepped in as interim CEO, Globalive Corp. said in a statement provided to The Globe Thursday.

CEO Paul Leonard is departing Wealth One Bank of Canada.

“Wealth One remains committed to serving its customers and partners and maintaining the strength and stability of our operations. A search for a permanent CEO is under wa

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