Security Bank Corporation announced the appointment of Victor Lee Meng Teck as its next President and Chief Executive Officer (CEO). Mr. Lee is set to assume the leadership role in early January 2026, pending the completion of his work permit, visa, and other necessary regulatory requirements.
Mr. Lee will succeed Sanjiv Vohra, who will continue to lead the Bank until the transition is complete. Upon stepping down, Mr. Vohra will move into the role of Senior Advisor to the Board.
Victor Lee is a highly accomplished Singaporean banker with over 30 years of leadership experience across the Asia region. Most recently, he served as the CEO of CIMB Singapore and as the CEO of Growth Markets for CIMB Bank Berhad. During his tenure at CIMB Singapore, Mr. Lee spearheaded a period of significant expansion, successfully doubling revenue and raising Return on Equity (ROE) to nearly 20%. Under his leadership, the bank was also consistently recognized by The Straits Times as one of the Top 3 institutions for customer experience for three consecutive years (2023–2025), alongside marked improvements in employee engagement and satisfaction.
Security Bank Chairman Cirilo Noel expressed gratitude for the outgoing leader while welcoming the successor. “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,” Noel said. “As we welcome Victor, we’re confident this seamless transition will allow us to sustain momentum and capture new opportunities.”
Mr. Vohra, who led Security Bank through transformational change and the challenges posed by the global pandemic, strengthened the Bank’s digital and customer-first strategies, built a recognized “Employer of Choice” culture, and advanced its sustainability agenda, positioning the institution for long-term profitability.
Reflecting on his tenure, Mr. Vohra stated: “As I prepare to step down, I leave with pride and gratitude in what we have accomplished together. Our journey over the past six years has been one of total transformation—reimagining Security Bank from the ground up. We have strengthened our people, embraced new technology, modernized platforms, and, most importantly, embedded customer-centricity at the heart of everything we do. I am confident the Bank is well-positioned to continue its momentum and achieve even greater success in the years ahead.”
Mr. Lee expressed his enthusiasm for the role: “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. 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.”
