Security Bank taps Singaporean banker as next CEO

Security Bank Corp. on Tuesday announced a key leadership change, with Singaporean banker Victor Lee Meng Teck set to step up as president and chief executive officer (CEO) starting early January 2026, while his predecessor Sanjiv Vohra will transition to senior advisor to the board.

In a regulatory filing, Security Bank said Lee, who previously served as CEO of CIMB Singapore and of Growth Markets for CIMB Bank Berhad, will assume the role following the completion of his work permit, visa, and other regulatory requirements.

He brings with him over 30 years of leadership throughout Asia, where he doubled revenue and raised the return on equity of CIMB Singapore to nearly 20%. He also led the bank to be one of the top three institutions for customer experience from 2023 to 2025, as recognized by The Straits Times.

“I’m honored to be entrusted with this responsibility. Security has built a strong reputation for customer-centricity, innovation, and its distinct Better Banking experience. I look forward to working with Sanjiv, the Board, and all employees to continue building on this foundation and delivering sustainable growth for our shareholders,” Lee said.

Vohra, who will continue to lead the bank until the transition, assumed leadership of the bank months before the onset of the global COVID-19 pandemic. He advanced the bank’s sustainability agenda, and positioning for long-term profitability.

“As I prepare to step down, I leave with pride and gratitude in what we have accomplished together. Our journey over the past six years has been one of total transformation—reimagining Security Bank from front to back,” Vohra said.

“As I step aside, I am confident the bank is well-positioned to continue its momentum and achieve even greater success in the years ahead,” he added.

Security Bank reported a 23% growth in its net income to P11.2 billion in 2024, with net interest income up 26% to P43.7 billion, and non-interest income up 36% to P11.2 billion.

“We’re grateful to Sanjiv for his steady leadership during one of the most challenging periods in recent history. His vision and dedication have left the bank stronger, more resilient, and well-prepared for the future,” Security Bank chairman Cirilo Noel said.—AOL, GMA Integrated News