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Kenneth Shen

PT XL Axiata Tbk

Kenneth is a Board Member at PT XL Axiata Tbk and has over 27 years of experience in investment banking and management.

Kenneth was the Executive Director of Investments for Khazanah Nasional Berhad from 2011-2018. His experience spans across various firms in New York, Hong Kong, Qatar and Malaysia.

Prior to joining Khazanah, Kenneth was part of the founding team at the Qatar Investment Authority (QIA) from 2006 where he most recently was Advisor to the CEO and a member of the Board of Directors of Qatar Holding LLC. In addition, Kenneth had responsibility for QIAs direct investments in public and private companies as well as its investments in private equity, special situations and venture capital funds. Prior to that, he was with Salomon Brothers Inc and its successor companies from 1996 where his most recent role was Co-Head, Corporate Finance at Citigroup Global Markets Asia Limited. Prior to Salomon Brothers, Kenneth was with Lehman Brothers Inc. from 1992 in Lehman’s Merchant Banking and Principal Investments Groups in New York.

Kenneth holds an MBA from the Harvard Business School and a B.A. (Magna Cum Laude) in East Asian Languages and Civilisations (Japanese) and Economics from Harvard College.


PT XL Axiata Tbk, is the second largest mobile telecommunications services operator in Indonesia.