Philippines Security Bank Hires CIMB Bank Singapore CEO Victor Lee Meng Teck as President & CEO (2026 January) Succeeding Sanjiv Vohra Who Will Become Senior Advisor to the Board, Victor Lee Has 31 Years Financial Industry Experience at DBS Bank, Sumitomo Mitsui Banking Corp, Citigroup, Standard Chartered Bank, UOB, Fullerton Financial Holdings & CIMB
2nd October | Hong Kong
Philippines Security Bank has hired CIMB Bank Singapore CEO Victor Lee Meng Teck as President & CEO (2026 January) succeeding Sanjiv Vohra who will become Senior Advisor to the Board. Victor Lee has 31 years of financial industry experience at DBS Bank, Sumitomo Mitsui Banking Corp, Citigroup, Standard Chartered Bank, UOB, Fullerton Financial Holdings & CIMB. Announcement (30/9/25): “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.”
“ Philippines Security Bank Hires CIMB Bank Singapore CEO Victor Lee Meng Teck as President & CEO (2026 January) Succeeding Sanjiv Vohra Who Will Become Senior Advisor to the Board, Victor Lee Has 31 Years Financial Industry Experience at DBS Bank, Sumitomo Mitsui Banking Corp, Citigroup, Standard Chartered Bank, UOB, Fullerton Financial Holdings & CIMB “
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Security Bank Corporation
Security Bank Corporation is one of the Philippines’ leading universal banks serving retail, commercial, corporate and institutional clients. Established on June 18, 1951, it was the first private and Filipino-controlled bank of the post-World War II period. Security Bank was publicly-listed with the Philippine Stock Exchange (PSE: SECB) in 1995. Over the years, the Bank prudently managed to remain one of the most stable in the banking industry and is steadfast in its commitment to serve its clients and stakeholders. Security Bank’s major businesses include retail, commercial and corporate banking, and financial markets. It offers a wide range of services including financing, leasing, foreign exchange, stock brokerage, investment banking and asset management through its subsidiaries (as of December 31, 2017): SB Cards Corporation, SB Capital Investment Corporation, SB Equities, Inc., SB Forex, Inc., SB Rental Corporation, and SBM Leasing, Inc., a joint venture with Marubeni Corporation of Japan, and SB Finance Company, Inc. (formerly Security Bank Savings). In February 2015, the bank launched the Bancassurance product in partnership with FWD Life, adding to the robustness of its financial services offering. The Bank has established a nationwide presence in the Philippines. Through its aggressive expansion efforts, the Bank is steadily growing its branch and ATM network in strategic locations in the country. In 2014, Security Bank embarked on a rebranding campaign to further strengthen market appreciation of its retail banking business, which complements its wholesale banking business. At the heart of this goal is to provide priority service and superior customer experience that resonates with a new brand promise, “BetterBanking begins here”. Key Milestone in 2016: Strategic Partnership with MUFG – On January 14, 2016, Security Bank entered into a strategic partnership with MUFG Bank. The partnership with Japan’s largest bank provided Security Bank with additional capital, long-term funding and business collaboration opportunities that support the acceleration of the Bank’s long-term growth strategy including expansion of branch network and increasing penetration of the retail market. The strategic partnership was completed on April 1, 2016 with Security Bank receiving a capital investment of Php 36.9 billion from MUFG, representing MUFG’s 20% ownership of the voting stock in Security Bank. MUFG became the second largest shareholder of Security Bank with two Board seats. The Dy Group remains as the biggest shareholder of SECB with majority voting control. The capital investment by MUFG is the largest equity investment in a Philippine financial institution by a foreign investor. Security Bank’s shareholders’ capital increased to Php 90.2 billion pro-forma as of April 1, 2016 from Php 53.2 billion as of December 31, 2015, placing Security Bank among the five largest private domestic universal banks in the country by capital. MUFG Bank, a member of Mitsubishi UFJ Financial Group, Inc. (MUFG), has a global network spanning more than 50 markets and offers an extensive scope of commercial and investment banking products and services to businesses, governments and individuals worldwide. MUFG is one of the world’s leading financial groups with key strengths in commercial banking, trust banking, securities, credit cards, consumer finance, asset management and leasing. The strategic partnership positions Security Bank as a strong local bank with access to MUFG’s global network, products and services. Committed to continuously provide exceptional value to its clients and stakeholders, Security Bank has been acclaimed with awards and recognition from international and local organizations for product innovation, market leadership, and best-of-class management practices. Security Bank defines success beyond business through various educational and livelihood activities, environmental and other sustainable programs as part of its corporate social responsibility through Security Bank Foundation, Inc. (SBFI). SBFI’s initiatives promote deeper engagement among Security Bank employees and encourage active involvement in helping create positive changes in the communities where the Bank serves.
Philippines Security Bank Hires CIMB Bank Singapore CEO Victor Lee Meng Teck as President & CEO (2026 January) Succeeding Sanjiv Vohra Who Will Become Senior Advisor to the Board, Victor Lee Has 31 Years Financial Industry Experience at DBS Bank, Sumitomo Mitsui Banking Corp, Citigroup, Standard Chartered Bank, UOB, Fullerton Financial Holdings & CIMB
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