In May, when plans were revealed to sell the trustee company to Australian buyers, it was announced that Kemble would stay with it.
But the sale fell through and it is understood that he has now left, after less than two years in the role.
That leaves founder Andrew Barnes to take up a more hands-on role.
Kemble was previously a partner at Russell McVeagh and is a director of Airways New Zealand.
Barnes has been approached for comment.
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