Benjamin Teo
Benjamin Teo
Ben joined the Board of Paramount Corporation Berhad as an Executive Director on 22 August 2019, and assumed the position of Deputy Group CEO on 1 September 2021. Mr Teo started his career at Paramount as a management trainee in 2012. He rose through the ranks to the position as Director of Innovation at Paramount Property in 2015, and thereafter as CEO of Paramount Property Development Sdn Bhd until 31 August 2021. In 2016, he created and launched Co-labs Coworking which has expanded manifold from one space to seven today across various strategic locations in the Klang Valley. Currently, it has a total of 167,000 square feet under management with an average occupancy rate of 75%. Dewakan, which comes under Mr Teo’s management oversight, has also accomplished several significant milestones. It was the first Malaysian restaurant to secure a spot in Asia’s 50 Best Restaurants in 2019, which continued in 2022. In 2023, Dewakan became the first Malaysian restaurant to receive two MICHELIN stars, rising from one MICHELIN star in the previous year. Mr Teo is also the designated officer within management to provide dedicated focus on managing the Group's environmental, social and governance (ESG) sustainability agenda.
SOCIAL MEDIA
EPISODES
by The EOA Pod
Have you ever wondered what it would be like to inherit a business that is generating close to USD200 million dollars a year? For this week’s episode we get a unique insight into Benjamin’s Teo’s family business and how his initiatives in innovating Paramount Corporation led him into incubating one of Malaysia’s top co-working spaces. Often there are a lot of misconceptions about inheritors of family businesses. Ben’s humanistic touch and insights sheds light to this space and gives advice on navigating complex family business relations, to succession planning, and sharing his journey of finding his own purpose and motivations when he could have gone for a much easier life and path. Lastly we dive into the current state of co-working in Malaysia and discuss the broader landscape and Co-labs plans to keep growing in the space.
Benjamin Teo
Benjamin Teo
Ben joined the Board of Paramount Corporation Berhad as an Executive Director on 22 August 2019, and assumed the position of Deputy Group CEO on 1 September 2021. Mr Teo started his career at Paramount as a management trainee in 2012. He rose through the ranks to the position as Director of Innovation at Paramount Property in 2015, and thereafter as CEO of Paramount Property Development Sdn Bhd until 31 August 2021. In 2016, he created and launched Co-labs Coworking which has expanded manifold from one space to seven today across various strategic locations in the Klang Valley. Currently, it has a total of 167,000 square feet under management with an average occupancy rate of 75%. Dewakan, which comes under Mr Teo’s management oversight, has also accomplished several significant milestones. It was the first Malaysian restaurant to secure a spot in Asia’s 50 Best Restaurants in 2019, which continued in 2022. In 2023, Dewakan became the first Malaysian restaurant to receive two MICHELIN stars, rising from one MICHELIN star in the previous year. Mr Teo is also the designated officer within management to provide dedicated focus on managing the Group's environmental, social and governance (ESG) sustainability agenda.
EPISODES
by The EOA Pod
Have you ever wondered what it would be like to inherit a business that is generating close to USD200 million dollars a year? For this week’s episode we get a unique insight into Benjamin’s Teo’s family business and how his initiatives in innovating Paramount Corporation led him into incubating one of Malaysia’s top co-working spaces. Often there are a lot of misconceptions about inheritors of family businesses. Ben’s humanistic touch and insights sheds light to this space and gives advice on navigating complex family business relations, to succession planning, and sharing his journey of finding his own purpose and motivations when he could have gone for a much easier life and path. Lastly we dive into the current state of co-working in Malaysia and discuss the broader landscape and Co-labs plans to keep growing in the space.
