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SINGAPORE – Surbana Jurong’s international executive director Teo Eng Cheong resigned to pursue other interests, the urban and infrastructure consultancy said on Wednesday (September 2).
Mr. Teo, 54, a former senior civil servant, joined Surbana Jurong in January 2016. He is married to the Minister of Human Resources, Josephine Teo.
He will leave Surbana Jurong on September 30. The company, which is owned by Temasek, the Singapore investment company, did not say who will succeed it.
In response to media inquiries, Surbana Jurong Group CEO Wong Heang Fine said Teo has been instrumental in advancing the company’s business interests in Southeast Asia, North Asia and Singapore.
He noted that Mr. Teo also helped establish several of the company’s joint ventures and oversaw its collaboration with the Silk Road Fund of China as a partner of SJ Capital.
In April last year, Surbana Jurong and China’s state-owned Silk Road Fund, which supports the country’s Belt and Road Initiative, signed a joint venture agreement to establish a $ 500 million joint venture platform. dollars (S $ 681 million) to finance infrastructure. projects in Southeast Asia.
Mr. Wong added, “As Eng Cheong embarks on a new adventure, I would like to thank him for his lasting contributions to Surbana Jurong and wish him well.”
Before joining the company, Mr. Teo was a senior government official in the Singapore Administrative Service and held senior positions in various government agencies.
From 2011 to 2015, he was CEO of International Enterprise Singapore, which has since merged with Spring Singapore to form Enterprise Singapore.
He was also Executive Director of the Singapore Competition Commission, which is now the Singapore Competition and Consumers Commission, from 2008 to 2010, and Director General of Singapore Customs from 2004 to 2007.
In May, Teo made headlines after various posts circulated on social media and messaging platforms such as WhatsApp, claiming that Surbana Jurong’s involvement in the development of facilities, such as the community care facility at the Singapore Expo, had generated conflicts of interest. One of those publications referred to what Mrs. Teo’s husband is like.
The company refuted the accusations, calling it “unfounded allegations of lost profits and corruption.” He also described how he became involved in the establishment and operation of the facilities, noting that he has been providing technical services to various government agencies amid the pandemic.
Two men who accused Mr. and Ms. Teo of corruption, and received demand letters from Ms. Teo’s attorneys, subsequently apologized and dropped the offending charges.
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