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Keisha Ta-Asan - The Philippine Star
June 14, 2026 | 12:00am
Security Bank’s head office in Ayala Avenue.
Photo Release.
MANILA, Philippines — Security Bank Corp. president and CEO Victor Lee will temporarily oversee the bank’s wholesale banking business following the resignation of John Cary Ong as head of the segment.
In a statement, Security Bank said Ong has decided to step down as head of the wholesale banking segment, which covers some of the bank’s key businesses serving corporate, commercial and institutional clients.
Lee said Ong had played an important role in developing the bank’s wholesale banking franchise.
“John has made meaningful contributions to our wholesale banking business, and we thank him for his leadership and service. We wish him every success in his future endeavors,” Lee said.
The bank said Lee would oversee the segment in the interim, working closely with alliance segment head Hirofumi Umeno, corporate banking head Yvonne Marcelo, commercial banking head Jorge Lindley Ong and president and CEO Security Bank Capital Virgilio Chua.
Security Bank said the leadership team’s experience would help ensure a smooth transition and sustain the momentum of the wholesale banking business.
“Wholesale banking remains a key growth engine for the bank, underpinned by an experienced leadership team and a strong foundation for the future,” Lee said.
He said that the lender is well positioned to capture emerging opportunities and create long-term value for stakeholders, especially with the support of MUFG.
“Our clients can expect continuity in leadership and service as we further strengthen our corporate, commercial and institutional banking franchise,” he added.
Security Bank’s wholesale banking business is expected to remain a major contributor to the lender’s growth strategy as the bank continues to serve large corporates, middle-market companies, commercial clients and institutional accounts.
The transition also comes as Security Bank continues to leverage its strategic partnership with MUFG Bank, Japan’s largest bank and one of the world’s leading financial groups. MUFG Bank holds a 20-percent stake in Security Bank.
The partnership is seen strengthening Security Bank’s capabilities in cross-border business, governance, risk management and capital markets.
Security Bank is one of the country’s leading universal banks, with total assets of P1.2 trillion as of end-March. It has a nationwide network of 390 branches and 666 automated teller machines, cash recycler machines and cash acceptance machines.
