MAKATI, PHILIPPINES: During the regular Board meeting of Security Bank Corporation on Tuesday, May 28, 2019, Sanjiv Vohra was named as President and Chief Executive Officer effective July 1, 2019, subject to regulatory approvals.[the_ad id=”31605″]Alfonso L. Salcedo, Jr., retiring President and Chief Executive Officer, will remain as Director and will chair the Executive Committee.Mr. Rafael F. Simpao, Jr. will be retiring as Director effective June 30, 2019 and will become a Senior Adviser to the Board.
President-elect Sanjiv Vohra noted that he would be joining Security Bank at a time when it has built up its Retail Banking business as a strong and sustainable third business pillar under the brand promise and commitment of Better Banking.
He said, “The Bank has made all the right moves in these last few years. I believe that Security Bank is in a very good position to take advantage of the growing domestic market while making the most out of the synergies available through its strategic alliances, including the partnership with MUFG. I truly feel privileged in getting this opportunity to lead this franchise.”