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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 Pierre,  Westpac,  ASIC,  ASIC Commissioner Peter Kell,  CGIC,  Regulatory,  AAPD,  Administrative Appeals Tribunal,  April 2011,  Capital Growth International Club Pty Ltd,  February 2011,  July 2008,  June 2010,  Mr St Pierre,  September 2000