Teo had joined Peter Lim’s team this month as chief executive of capital, the report said, adding that her responsibilities include overseeing the billionaire’s overseas investments, as well as increasing the value of Lim’s portfolio companies.
Prior to joining L Capital Asia since 2012, Teo was a director at Deutsche Bank.
At L Capital Asia, she was overseeing the private equity firm’s investments in Southeast Asia, Australia and New Zealand.
The report also quotes Annie Chee, L Capital Asia’s human resources director as stating in an email that ‘Teo left L Capital Asia effective March 31 to pursue alternative career options”.
L Capital Asia is backed by LVMH Group and Groupe Arnault, the holding company controlled by LVMH’s CEO Bernard Arnault, as well as Malaysian infrastructure conglomerate YTL Corporation.
Peter Lim, who was ranked eight, among Singapore’s 50 richest people by Forbes in April 2015, with an estimated worth of $2 billion, is also known for his interest in football, having bid for clubs such as Liverpool FC in 2010, Rangers FC in Scotland, Middlesbrough FC in England, AC Milan in Italy, before taking over Spanish club Valencia CF in 2014 for Euro 420 million. His interest in motorsports has also seen him buy a significant stake in McLaren Automotive.