Deputy Kell unholsters his six-shooters

And as the sun slowly fades into the west ... Outsider notes the impending departure of Australian Securities and Investments Commission deputy chairman, Peter Kell.

It seems that Deputy Sheriff Kell will be climbing out of his saddle, unholstering his six-shooters and hanging up his hat after nearly eight years at ASIC under three different sheriffs – Tony D’Aloisio, Greg Medcraft and now James Shipton.

There is no official word on where Deputy Sheriff Kell is headed after he departs ASIC, but he came to the regulator via the Australian Competition and Consumer Commission and consumer group, Choice so the options seem pretty broad.

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Those, like Outsider, who have followed Parliamentary Committee hearings will know that Kell will be missed in circumstances where his sober presence alongside Sheriff Medcraft often served to defuse volatile situations.

While Kell was no favourite of many financial advisers, there are plenty of senior executives in the financial planning industry who will attest to his steadiness and good sense.

Perhaps having been deputy chairman of both the ACCC and ASIC, Kell now aspires to sit in the big chair.

Whatever chair Kell finds, Outsider wishes him well. 

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