[SINGAPORE] Victor Lee, the former chief executive officer of CIMB Singapore, has been appointed president and CEO of the Philippine-listed Security Bank Corp, reported the Philippine Daily Inquirer on Sep 30.
This comes after Lee’s abrupt departure from his CEO role at CIMB Singapore, which parent company CIMB Group announced on Sep 9. The Malaysian bank said then that Lee had left CIMB Singapore to pursue other opportunities, and had been placed on gardening leave.
Security Bank, a leading universal bank in the Philippines, noted in a statement on Sep 30 that Lee has more than 30 years of leadership experience throughout Asia.
He led CIMB Singapore as CEO from January 2020 until his departure. He was also CEO of CIMB’s growth markets division from January 2025.
Prior to joining CIMB in January 2019, Lee held senior positions as executive vice-president at Fullerton Financial Holdings, and as managing director at UOB and Standard Chartered, according to his LinkedIn profile.
The Singaporean will replace Security Bank’s current CEO Sanjiv Vohra in early January 2026, the Inquirer reported. Vohra, who will transition to the role of senior adviser to the board, has been CEO of the bank for more than six years, the report said.
In August, the Philippine bank had announced the retirement of its chief financial officer Eduardo Olbes, who had joined the bank 15 years ago.
