Press Statement – SIAS appoints Mr. Daniel Teo as Chairman

Date: September 3, 2018

SIAS is pleased to announce the appointment of Mr. Daniel Teo as its 5th Honorary Chairman with effect from 1 August 2018, to succeed the late Mr. Magnus Böcker, who suddenly passed away in July 2017.

The appointment of the Honorary Chairman, who will be independent and non-executive, is to provide the check and balance within the Association, as provided for by our Constitution. The Chairman can intervene in the event he is of the view that the President and or the Committee has acted in breach of the Association’s Constitution or not acting in the interest of the Association. In that case, he can direct the President or the Committee, as the case may be, to comply with the Constitution forthwith and to act in the interest of the Association.

Daniel Teo is presently a director of the Tong Eng Group of Companies, and is the Chairman and Managing Director of the Hong How Group of Companies. As a noted real estate developer and investor, Mr. Teo was the President of the Real Estate Development Association of Singapore for numerous terms, the last term being from 1998 to 2001. He was also the World President of the International Real Estate Federation from 2000 to 2001. Some of his projects have won the Urban Redevelopment Authority’s Architectural Heritage Award for Conservation and Adaptive Re-use in 1995, 2010 and 2013. Mr. Teo is an active promoter of culture and arts in Singapore. In 1981, he was the founder member of the Singapore Cultural Foundation which has since merged into the National Arts Council. Mr. Teo was awarded “Patron of Heritage” by the National Heritage Board for 2008 and 2013.

“Mr. Daniel Teo, accepted our call to be our Chairman as he appreciates the work SIAS is doing for the citizens, helping them with their financial well-being and with their difficulties on their investments.” – David Gerald, Founder, President & CEO, SIAS

SIAS looks forward to Mr. Daniel Teo’s guidance and support for the next 3 years.


David Gerald
For Management Committee
Securities Investors Association (Singapore)

Attachment: photo of Mr Daniel Teo