About
Mr Heng Teck Thai joined Building and Construction Authority (BCA) as Deputy Chief Executive Officer, BuildSG Office in August 2021. In this role, he is responsible for rallying progressive BE firms to lead transformation in their respective commercial ecosystems and also oversees BCA’s customer relations and corporate communications functions.
Teck Thai’s experience spans both public and private sectors over a period of more than 20 years.
He started his career with the Singapore Economic Development Board during which time, he closed investment deals in a diverse range of sectors including in aerospace components and high-end medical instrumentation manufacturing and medical device and software development. After the Singapore Economic Development Board, Teck Thai also spent time as a Consultant with the Boston Consulting Group, consulting for a global semiconductor automation systems company.
After BCG, Teck Thai moved into private equity and venture capital, starting with Quvat Capital, a private equity investment firm focused on Indonesia, Malaysia and Singapore, where he was responsible for operations improvement and also the Quvat funds’ portfolio management, valuations across its portfolio companies and fund-raising. In his PE and VC career, he had also been a Venture Partner in Novo Tellus Capital Partners (NTCP) and prior to that, a Principal in NTCP, where he was responsible for deal sourcing and execution of growth equity investments and private equity buyouts in Singapore, Indonesia and Malaysia.
From 2012-2013, he served as Commissioner of PT BNI Securities, the securities brokerage subsidiary of Bank BNI (one of the top 5 largest banks in Indonesia), where he drove change management at the Board and CXO levels, to improve the performance of the company. PT BNI Securities was successfully turned around and become profitable by the end of 2013.
Immediately prior to returning to public service with BCA, Teck Thai was a Partner at SMDV, the venture arm and digital platform of Sinar Mas Group, and concurrently CEO of a marketing affiliate and loyalty program platform incorporated in Indonesia.
Teck Thai had also developed and co-owns two hotel properties in Bali, Indonesia: for a period of four years from 2014 to 2018, he drove the conceptualization, fund-raising and financing, development, construction, opening and operations of a 96-key 4-star hotel and an 80-key 5-star resort.
Teck Thai was awarded the Glaxo Welcome-Economic Development Board scholarship and received his BSc Industrial Engineering and MSc Management Science & Engineering from Stanford University. He also received an MBA from MIT’s Sloan School of Management.
Mr Heng Teck Thai joined Building and Construction Authority (BCA) as Deputy Chief Executive Officer, BuildSG Office in August 2021. In this role, he is responsible for rallying progressive BE firms to lead transformation in their respective commercial ecosystems and also oversees BCA’s customer relations and corporate communications functions.
Teck Thai’s experience spans both public and private sectors over a period of more than 20 years.
He started his career with the Singapore Economic Development Board during which time, he closed investment deals in a diverse range of sectors including in aerospace components and high-end medical instrumentation manufacturing and medical device and software development. After the Singapore Economic Development Board, Teck Thai also spent time as a Consultant with the Boston Consulting Group, consulting for a global semiconductor automation systems…
See more
See less
