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Mitbana CEO Gareth Wong joins ranks of Young Global Leaders of World Economic Forum

Gareth Wong (left) is the CEO of Mitbana, which is co-developing TODs with Sinar Mas Land in BSD City in Indonesia (right).

Surbana Jurong Group is pleased to announce that its employee, Mr Gareth Wong, has been selected to join the World Economic Forum (WEF)’s cohort of Young Global Leaders (YGLs) for 2021. Mr Wong is CEO of Mitbana Pte. Ltd, the group’s joint venture fund management company with Mitsubishi Corporation, one of Japan’s leading trading houses. 

According to the Construction Plus, the YGL Forum has a membership of over 1,400, and alumni including prominent personalities such as the Prime Minister of New Zealand Jacinda Ardern, Alibaba’s founder Jack Ma, Facebook’s CEO Mark Zuckerberg, Grab’s co-founder Tan Hooi Ling and CNN’s anchor Anderson Cooper. This year, the forum has selected 112 YGLs from across the world, of which three are based in Singapore. Mr Wong is “deeply honoured and tremendously excited” to be joining the Forum’s 2021 Class of YGLs.

As CEO of Mitbana, Mr Wong is responsible for a deployable capital base of US$500 million aimed at catalysing and crowding in third-party institutional capital to develop Townships & Transit- Oriented Developments (TODs) in ASEAN and South Asia. 

In September 2020, Mitbana announced that it had embarked on a greenfield venture with leading Indonesian developer Sinar Mas Land to develop smart and sustainable TODs in Indonesia. 

“Gareth is a dynamic leader who is a force of change wherever he goes. His ideas, coupled with determined action, created the foundation for Mitbana’s establishment and foray into Indonesia,” said Mr Chong Lit Cheong, Chairman of Mitbana. “I am excited to see Gareth plant Mitbana’s flag on the global arena and advance his passion for smart, sustainable developments on a larger platform.” Read more and listen to Mr Wong’s interview on the radio programme, Money 89.3 FM, on his TOD plans in Indonesia here.

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