Security Bank shakes up senior ranks as retail chief Rahul Rasal exits

Security Bank Corp. is overhauling its senior ranks as executive vice president and retail banking chief Rahul Rasal exits after nearly four years at the helm, putting executives into reshaped roles as CEO Victor Lee pushes the lender from strategy to execution.

Rasal will step away from the retail banking segment on Oct. 1 and formally leave Security Bank on Dec. 31 after more than five years with the lender, with Lee taking direct oversight of retail in the interim.

The shake-up comes with another departure as senior vice president and deposits business group head Jonathan Diokno leaves Security Bank on Nov. 1 for personal reasons.

“The strategy has been set. Our priority now is execution. These leadership alignments strengthen accountability across the Bank and ensure we’re positioned to deliver on the commitments we’ve made to our stakeholders,” Lee said.

Security Bank CEO Victor Lee with retail banking chief Rahul Rasal. 

New customer chiefs

Executive vice president Hirofumi Umeno becomes chief customer officer for wholesale and senior vice president Ma. Patricia Tan chief customer officer for retail, while executive vice presidents Leslie Cham and Yvonne Joanna Marcelobecome branch coverage head and wholesale coverage head, respectively.

Products and lending

Senior vice president Pamela Edejer becomes wholesale lending product head, executive vice president Price Edward Yap financial markets product head, senior vice president Rene Alan Aguirre investments product head, and senior vice president Orencio Andre Ibarra III trading and treasurer.

Senior vice presidents Maria Margarita Mirabueno and Ma. Paz Victoria Gonzalez will become wealth relationship management head and retail lending sales head, respectively.

Tech and operations

Four changes take effect Oct. 1, with senior vice presidents Maris Lou Velicaria, Vivek Yadav, Amaneci Grace De Silva and Prakash Mahajan taking on new responsibilities across credit operations, payments technology and digital customer experience.

—Edited by Miguel R. Camus 

Featured News
Explore the latest news from InsiderPH
Friday, 13 November 2026
Insight to the one percent
© 2024 InsiderPH, All Rights Reserved.