Security Bank announces leadership transition and appointment of next CEO

​Security Bank has announced the appointment of Victor Lee Meng Teck as its next President and Chief Executive Officer (CEO). He is set to assume the role in early January 2026, following the completion of his work permit, visa, and other regulatory requirements. He will succeed Sanjiv Vohra, who will continue to lead the Bank until that time. Upon stepping down, Mr. Vohra will transition to the role of Senior Advisor to the Board.

Victor Lee is a Singaporean banker with over 30 years of leadership experience throughout Asia. Most recently, he served as CEO of CIMB Singapore and CEO of Growth Markets for CIMB Bank Berhad.

At CIMB Singapore, Mr. Lee spearheaded a period of strong growth, doubling revenue and raising Return on Equity to nearly 20%. Under his leadership, the bank was recognized by The Straits Times as one of the Top 3 institutions for customer experience for three consecutive years (2023–2025). He also fostered a culture where employees felt more engaged and valued, with satisfaction levels rising significantly during his tenure. 

Sanjiv Vohra assumed leadership of the Bank just months before the onset of the global pandemic. Despite unprecedented challenges, he led the organization through transformational change— strengthening digital and customer-first strategies, building a culture that has made Security Bank an Employer of Choice, advancing its sustainability agenda, and positioning the Bank for long-term profitability. 

“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,” noted Cirilo Noel, Security Bank Chairman. “As we welcome Victor, we’re confident this seamless transition will allow us to sustain momentum and capture new opportunities.” 

Mr. Vohra said: “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. We have strengthened our people, embraced new technology, modernized platforms, and, most importantly, embedded customer-centricity at the heart of everything we do. None of this would have been possible without the dedication and passion of our team, and the trust of our clients and partners. 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.” 

Mr. Lee adds: “I’m honored to be entrusted with this responsibility. Security 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.”

Security Bank is a private domestic universal bank in the Philippines with total assets of PHP1.15 trillion as of June 30, 2025. The Bank has been operating for 74 years since it was established in 1951. To date, Security Bank has a total of 361 branches and 637 ATMs, Cash Recycler Machines (CRMs) and Cash Acceptance Machines (CAMs). 

In 2025, Security Bank was awarded Best for High-Net-Worth in the Philippines by Euromoney/Asiamoney for five consecutive years; Best Investor Relations Company (Philippines), Sustainable Asia Award, Asia’s Best CEO (Investor Relations), Asia’s Best CFO (Investor Relations) and Best Investor Relations Professional (Philippines) for five consecutive years, as well as Best Corporate Communications by Corporate Governance Asia; Best Commercial Bank for SMEs (Domestic) by FinanceAsia; SME Bank of the Year – Philippines, Credit Card Initiative of the Year – Philippines, Mobile Banking & Payment Initiative of the Year – Philippines, External Environmental Initiative of the Year – Philippines, Consumer Finance Product of the Year – Philippines, Philippines Domestic Cash Management Bank of the Year, and Philippines Domestic Trade Finance Bank of the Year by Asian Banking & Finance.

In 2024, Security Bank was awarded Best for High-Net-Worth in the Philippines by Euromoney/Asiamoney; The Philippines' Best Bank for Corporates by Euromoney/Asiamoney for two consecutive years; Best Branch Digitisation Implementation for the Mosaic Voyager (MV) Tellering and Lobby Management System by The Asian Banker; three awards Credit Card Initiative of the Year, Sustainability Initiative of the Year, and ESG Program of the Year (Bronze) for Security Bank Wave Mastercard by Asian Banking and Finance; and Best Investor Relations Company (Philippines), Sustainable Asia Award, Asia’s Best CEO (Investor Relations), Asia’s Best CFO (Investor Relations) and Best Investor Relations Professional (Philippines) by Corporate Governance Asia; and 3 Golden Arrow Recognition for corporate governance excellence by the Institute of Corporate Directors (ICD).