John David “JD” Yap will take over as CFO effective June 13, replacing Reyes, whose stint lasted barely 10 months after assuming the role in August last year.
Reyes resigned for “personal” reasons, a stock exchange filing on Tuesday showed.
The quick turnover comes after longtime finance chief Eduardo “Edu” Olbes retired last year following a 15-year run that helped shape the bank’s transformation strategy.
Reyes was originally brought in to help drive Security Bank’s “next transformation phase.”
Now the bank is leaning on a business builder instead.
Yap currently heads the business nanking segment, one of Security Bank’s main growth engines focused on small and medium enterprises.
He helped expand the lender’s SME franchise while strengthening sales, analytics, digital and portfolio management capabilities as banks push deeper into higher-yield lending and fee-based businesses.
During the transition, Yap will continue overseeing the Business Banking Segment on an interim basis.
—Edited by Miguel R. Camus
