Security Bank succession: Singaporean banking veteran Victor Lee to replace Sanjiv Vohra as CEO in 2026

September 30, 2025
1:48PM PHT

Security Bank is entering a new era as it names Singaporean banking veteran Victor Lee Meng Teck its next president and CEO.

The seasoned executive will assume the role in January 2026, once regulatory clearances are secured, succeeding Sanjiv Vohra who has led the bank since 2019. 

Vohra will remain president until the handover, then transition to senior advisor to the board.

These moves come as Security Bank also announces another key transition, with Allen Alexander P. Reyes taking over as chief financial officer from Eduardo M. “Edu” Olbes earlier this month.

“As I prepare to step down, I leave with pride and gratitude in what we have accomplished together,” Vohra said. 

“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,” he added. 

Victor Lee Meng Teck
Security Bank incoming president, CEO 

Lee’s track record

Lee brings more than three decades of banking leadership across Asia, most recently as CEO of CIMB Singapore and CEO of Growth Markets for CIMB Bank Berhad. 

At CIMB Singapore, he drove strong growth, doubling revenue and lifting return on equity to nearly 20 percent. His tenure also saw the bank consistently ranked by The Straits Times among the Top 3 institutions for customer experience from 2023 to 2025.

“I’m honored to be entrusted with this responsibility. Security Bank has built a strong reputation for customer-centricity, innovation, and its distinct BetterBanking experience,” Lee said. 

“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,” he added. 

Sanjiv Vohra
Security Bank president, CEO 

Beyond financials, Lee built a culture of engagement, with employee satisfaction rising significantly under his leadership. 

Security Bank is betting on this mix of customer focus and performance to sustain its growth momentum.

Vohra’s legacy

The succession follows a period of transformational change under Vohra, who assumed leadership just months before the pandemic struck. 

He strengthened digital and customer-first strategies, advanced the sustainability agenda, and fostered a workplace that made Security Bank an employer of choice. 

These moves positioned the bank for resilience and long-term profitability.

“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,” Vohra said. 

—Edited by Miguel R. Camus 

Featured News
Explore the latest news from InsiderPH
Tuesday, 30 September 2025
Insight to the one percent
© 2024 InsiderPH, All Rights Reserved.