Asia-Commonwealth Business Summit

Mr Teo Ser Luck is an entrepreneur and Singapore Member of Parliament. He was a former Minister of State in the cabinet and a Mayor. Now in the private sector, he has started a few of his own ventures and building others. He also chairs and advises a few listed companies in SGX mainboard as follows:
 

• Chairman, BRC Asia Ltd

• Deputy Chairman, Serial Systems Ltd

• Lead Independent Director, United Engineers Ltd

• Lead Independent Director, China Aviation Oil(Singapore) Ltd

• Adviser, CNQC (South Pacific) Pte LTD

He has built his own ventures in various sectors and mostly technology related in the areas of finance, education, food, hardware, general commodities, sports and fitness, event management, and other sectors. Mr Teo is also currently an adviser to the Institute of Chartered Accountants of Singapore (ISCA) and Singapore Fintech Association.

Mr Teo spent 15 years in private sector before being elected as a member of parliament and appointed as a full-time political office holder for 11 years. He returned to the private sector in July 2017 and remain as a Member of Parliament.

Mr Teo Ser Luck graduated with an Accountancy degree from the Nanyang Technological University (NTU) and began his career as an auditor. Throughout his private sector career, he has taken on management positions as head of sales, marketing, business operations before progressing to lead and oversee companies as Regional Director, General Manager and Managing Director of multi-national operations in the Asia Pacific. He has worked in Hong Kong, China, Thailand, India and has helped to start companies. Prior to politics, Mr Teo was overseeing DHL Express (Singapore) Pte Ltd.

Mr Teo was elected Member of Parliament for Pasir Ris-Punggol GRC in May 2006 and was appointed as Parliamentary Secretary in the Ministry of Community Development, Youth and Sports. He was subsequently promoted and concurrently assumed responsibility in the Ministry of Transport and appointed as the Mayor of the North East District. After the General Election in 2011, Mr Teo was promoted and appointed as the Minister of State for Trade and Industry overseeing entrepreneurship, the Small and Medium Enterprises (SME), consumer protection, and trade relations with the region, including China. He was the chairman of Singapore-Shandong bilateral business council and vice chairman of the Singapore-Jiangsu Bilateral Business Council. He was instrumental in creating the start-up eco-system in Launchpad@one north. Mr Teo was the Minister of State for Manpower overseeing enterprise and industry development and productivity, Lean Enterprise Development implementation in businesses, foreign workers, rank and file workers and developing progressive workplaces. He was also the coordinating Chairman of the Mayors Committee.

For his achievements, Mr Teo was recognised as a young global leader by the World Economic Forum for his contribution to the business and community services sectors. He also received the Outstanding Young Alumni Award and subsequently received the outstanding alumni award from his alma mater (NTU) for continuing to make a difference in public service. While in the private sector, he has also received accolades as a global outstanding manager in business and operational excellence.

Mr Teo was instrumental in leading Singapore’s successful bid for the inaugural Youth Olympic Games (YOG) that was held from 14 to 26 August 2010. He was also the Advisor to the Singapore 2010 YOG Organising Committee and the Mayor for the Youth Olympic Village.

Mr Teo is married with two children. He works out daily in functional fitness, and actively participates in sports such as football, triathlons, marathons and has completed 5 Ironman races.

​