Security Bank Corp. said Tuesday it appointed veteran Singaporean banker Victor Lee Meng Teck as its next president and chief executive, effective January 2026.
Lee’s appointment is subject to the completion of his work permit, visa and other regulatory requirements. He will succeed Sanjiv Vohra, who will remain in his post until the transition and will later serve as senior advisor to the board.
“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” Lee said in a statement to the stock exchange.
Lee brings over 30 years of banking experience across Asia. He recently served as CEO of CIMB Singapore and CEO of Growth Markets for CIMB Bank Berhad.
Lee led a period of strong growth at CIMB Singapore, doubling the bank’s revenue and increasing its return on equity to nearly 20 percent. The bank was also named one of The Straits Times’ Top 3 institutions for customer experience from 2023 to 2025.
“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,” said 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,” he said.
Vohra, who took the helm in 2020 just before the onset of the COVID-19 pandemic, led Security Bank through major transformations, including digital modernization, a stronger sustainability agenda and organizational culture shifts.
“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,” Vohra said.
