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SINGAPORE – Surbana Jurong’s international chief executive officer Teo Eng Cheong has resigned to pursue other interests, said the urban and infrastructure consultancy on Wednesday (Sept 2).
Mr Teo, 54, a former top civil servant, joined Surbana Jurong in January 2016. He is married to Manpower Minister Josephine Teo.
He will leave Surbana Jurong on Sept 30. The company, which is owned by Temasek, Singapore’s investment company, did not say who will succeed him.
Responding to media queries, Surbana Jurong’s group CEO Wong Heang Fine said Mr Teo has been instrumental in driving the company’s business interests in South-east Asia, North Asia and Singapore.
He noted that Mr Teo also helped to set up several of the company’s joint ventures and oversaw its collaboration with China’s Silk Road Fund as a partner to 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, inked a co-investment deal to set up a US$500 million (S$681 million) co-investment platform to fund infrastructure projects in South-east Asia.
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