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Briefs: New board member for P&N, ASIC bans broker

22 December 2016 5:03PM
Julie Elliott will join the board of P&N Bank. A former CEO of Bank of Sydney, Elliott now leads Nous Group, consultants on business, digital strategy and public policy. Elliott joins the P&N risk committee and the credit committee.ASIC said it permanently banned Vaughn Thomas Hopkins from engaging in credit activities. Hopkins, a former Victorian-based finance broker, arranged finance for consumers buying vehicles from Combined Motor Traders, a Cranbourne used-car dealership, between 2014 and 2015, ASIC said. It said Hopkins "knowingly provided false information to Esanda, a division of ANZ, in support of car finance applications for nine of his clients. All nine applications contained false payslips, and in three of the applications Hopkins also falsely inflated his clients' assets. Each of the nine finance applications was approved."

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