Thursday July 14, 2011
Shen is exec director of investments for Khazanah
PETALING JAYA: Kenneth Shen, former advisor to the chief executive officer of Qatar Investment Authority (QIA) and a board member at its subsidiary Qatar Holding LLC, has joined Khazanah Nasional Bhd (Khazanah) as executive director of investments.
His appointment as one of the eight executive directors of investments at the Goverment's investment holding fund will be effective on July 15.
At QIA, Shen oversaw direct investments in public and private companies as well as investments in private equity, special situations and venture capital funds.
Shen will bring to the Khazanah senior leadership table 25 years of experience in global investment banking and investment management, having served at Citigroup Global Markets Inc, Salomon Brothers Inc, Lehman Brothers Inc and Kidd, Kamm & Company.
He graduated from Harvard College with a bachelor of arts (Magna Cum Laude) in East Asian languages and civilisations (Japanese) and economics and also received an MBA from the Harvard Business School.
Meanwhile, the head of the strategic human capital management division (SHCM) at Khazanah will leave to head Khazanah's education services company, LeapEd Services Sdn Bhd in mid-October.
Shahnaz Al-Sadat, who has been SHCM executive director and head since 2009, will relinquish her position on Aug 1.
Shahnaz joined Khazanah in 2004 as director and chief financial officer when the company was in the midst of revamping itself.
“While her loss will be felt by all of us, we are also very happy that she will be leaving us to pursue her passion for education, from within the extended family of the Khazanah group,” managing director, Tan Sri Azman Mokhtar said in a press release.
Following the reassignment, Khazanah's executive director and chief operating officer, Datuk Mohammad Zainal Shaari, will assume an additional position as executive director of SHCM, effective July 1, 2011.