Briefs: Kimber takes over at OzForex, Teachers Mutual Bank targets under 18s, ASIC bans fraudster

Former chief operating officer of ANZ Capital Markets, Richard Kimber, has been appointed chief executive of OzForex Group. Kimber, who has also held senior roles at HSBC and Google, takes over from Neil Helm, who will step down in August. Kimber's extensive overseas experience fits with OzForex's ambition to continue its international expansion.
Not all deposit rates are rubbish. Teachers Mutual Bank has launched a savings account for the under 18s, offering a rate of up to 3.31 per cent. The Might Saver Account has a base rate of 1.5 per cent and a bonus rate of 1.81 per cent for account holders who deposit a minimum of A$10 a month and make no withdrawals.
The Australian Securities and Investments Commission has banned Shashi Kanta Prasad for ten years from engaging in credit activities and from providing financial service. Prasad, who is also known as Sashi Kanta Prasad, was convicted of loan fraud last September. She pleaded guilt to creating false loan documents in an attempt to secure home loans totalling more than A$3.6 million for her clients.