Former head of retail banking at Westpac, Jason Yetton, is moving to marketplace lender SocietyOne to take over as chief executive, The Australian reports. Current CEO Matt Symons will become the head of strategic alliances and partnerships. One of Yetton's jobs will be to open SocietyOne's lending platform to retail investors, something the company has long promised but not been able to deliver. The Australian Securities and investments Commission has banned a former National Australia Bank financial adviser, Gerard McCormack, for engaging in misleading and deceptive conduct. McCormack phoned a superannuation fund pretending to be a member in order to get information about that member's account. He then helped his client transfer funds from the super fund member's account to the client's account.