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Regulatory

Westpac exec gets ASIC ban after preying on elderly's finances

ASIC has permanently banned David St Pierre, a former Westpac bank home finance manager from engaging in credit activities and providing financial services after encouraging vulnerable clients to borrow against their homes for investments.

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Read more: David St PierreWestpacASICASIC Commissioner Peter KellCGICRegulatoryAAPDAdministrative Appeals TribunalApril 2011Capital Growth International Club Pty LtdFebruary 2011July 2008June 2010Mr St PierreSeptember 2000