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Mr. Teo was appointed as an Independent Director of the Group and Chairman of the Board on 28 November 2017.

Mr. Teo is currently an entrepreneur and investor as well as the Lead Independent Director of China Aviation Oil Corporation Ltd., Straco Corporation Ltd., Mindchamps Preschool Limited, Deputy Chairman of Serial System Ltd., and an Independent Director of Yanlord Land Group Limited, which are listed on the mainboard SGX-ST. He is also an adviser to the Institute of Chartered Accountants of Singapore (ISCA) as well as the Singapore Fintech Association.

Mr. Teo is a trained accountant and spent 15 years in the private sector managing and setting up companies before being elected as a Member of the Parliament of Singapore and a full-time political office holder for 11 years. He returned to the private sector in July 2017 and remained as a Member of the Parliament till June 2020.

He was Minister of State at the Ministry of Trade and Industry and Ministry of Manpower, Mayor of the North East District of Singapore, as well as Senior Parliamentary Secretary in the Ministry of Community Development, Youth and Sports and was also the Chairman of Singapore-Shandong Bilateral Business Council and Vice Chairman of Singapore-Jiangsu Bilateral Business Council.