Security Bank Corp. has named seasoned Singaporean banker Victor Lee Meng Teck as its next president and CEO, marking a key leadership transition for the 74-year-old lender.
In a disclosure to the Philippine Stock Exchange yesterday, the bank said Lee would formally assume the top post in early January 2026, pending completion of his work permit, visa and other regulatory requirements.
He will succeed Sanjiv Vohra, who will continue to lead Security Bank until the transition and will thereafter serve as senior advisor to the board.
‘I’m honored to be entrusted with this responsibility,’ Lee said. ‘Security Bank has built a strong reputation for customer-centricity, innovation and its distinct BetterBanking 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 stakeholders,’ he added.
Lee brings over three decades of banking leadership across Asia. He previously served as CEO of CIMB Singapore and CEO of Growth Markets for CIMB Bank Berhad.
At CIMB Singapore, he ‘spearheaded a period of strong growth, doubling revenue and raising return on equity to nearly 20 percent,’ the bank said.
Vohra, who took the helm in 2019, just months before the onset of the global pandemic, steered the listed bank through a period of transformation that strengthened its digital capabilities and customer-first strategies.
‘Our journey over the past six years has been one of total transformation – reimagining Security Bank from front to back,’ Vohra said.
Security Bank chairman Cirilo Noel thanked Vohra for his ‘steady leadership during one of the most challenging periods in recent history,’ saying his vision has left the bank ‘stronger, more resilient and well-prepared for the future.’