A former Australian client advisor for Australia's Macquarie Bank has been convicted of dishonest conduct. Trevor Lam, from the Sydney suburb of Hunters Hill, pleaded guilty to charges of arranging an unauthorised transfer of call option contracts - with unrealised losses of A$210,000 - from his girlfriend's account to another client's pension account. The conviction followed an investigation by Australia's corporate regulator, the Australian Securities and Investment Commission. The investigation was instigated after Macquarie referred the matter to ASIC. Macquarie subsequently compensated the affected client for any losses and cooperated fully with the investigation.