MANILA, Philippines – Security Bank Corp. has appointed Victor Lee Meng Teck, a Singaporean veteran banker, as its new president and CEO effective early January 2026.
Lee, the former CEO of CIMB Singapore, will replace Sanjiv Vohra after more than six years.
MANILA, Philippines – Security Bank Corp. has appointed Victor Lee Meng Teck, a Singaporean veteran banker, as its new president and CEO effective early January 2026.
Lee, the former CEO of CIMB Singapore, will replace Sanjiv Vohra after more than six years.
Vohra will remain as senior advisor to the board once he steps down next year, Security Bank said in a stock exchange disclosure on Tuesday.
“We’re grateful to Sanjiv for his steady leadership during one of the most challenging periods in recent history,” Security Bank chair Cirilo Noel said. Vohra was appointed months before the onset of the COVID-19 pandemic, which paralyzed economies across the globe.
Seamless transition
“His vision and dedication have left the bank stronger, more resilient and well-prepared for the future,” Noel added.
For his part, Lee is recognized for spearheading the growth of CIMB Singapore, doubling the bank’s revenue and raising return on equity to nearly 20 percent, according to Security Bank.
“As we welcome Victor, we’re confident this seamless transition will allow us to sustain momentum and capture new opportunities,” Noel noted.
Lee’s appointment comes two months after Security Bank announced the early retirement of Eduardo Olbes, its chief financial officer. Olbes, who first joined Security Bank 15 years ago, became senior advisor to the president and CEO on Aug. 11.