Who is stepping down from Security Bank's Wholesale Banking Segment?

John Cary Ong has decided to step down as Head of Security Bank's Wholesale Banking Segment.

Who will oversee Wholesale Banking during the transition?

Security Bank President and CEO Victor Lee will oversee the segment on an interim basis.

Why is Wholesale Banking important to Security Bank?

Security Bank describes Wholesale Banking as one of its key growth engines, supporting corporate, commercial, and institutional banking services.

Who are the leaders supporting the transition?

Hirofumi Umeno, Yvonne Marcelo, Jorge Lindley Ong, and Virgilio Chua are working alongside Victor Lee during the transition.

How large is Security Bank today?

Security Bank reported total assets of PHP1.2 trillion as of March 31, 2026, with 390 branches and 666 banking machines nationwide.

Business

Security Bank Announces Leadership Transition in Wholesale Banking

By Gabriel

Published June 9, 2026, 2:26 AM PST · 2 min read · 60 views

Quick Read

What Readers Should Know

Security Bank has announced that John Cary Ong will step down as Head of Wholesale Banking. Bank President and CEO Victor Lee will temporarily oversee the segment while working with the existing leadership team to ensure continuity and growth.

John Cary Ong has stepped down as Head of Security Bank's Wholesale Banking Segment.
President and CEO Victor Lee will assume interim oversight of the segment.
The bank's senior leaders will support the transition to ensure business continuity.
Wholesale banking remains a major growth driver for Security Bank.
Security Bank reported total assets of PHP1.2 trillion as of March 31, 2026.

CEO Victor Lee to oversee key business segment during transition period

Security Bank has announced a leadership transition within its Wholesale Banking Segment (WBS), following the decision of John Cary Ong to step down from his role as Head of Wholesale Banking.

The bank acknowledged Ong’s contributions to the growth and development of its wholesale banking franchise during his tenure as part of Security Bank’s leadership team.

“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,” said Security Bank President and Chief Executive Officer Victor Lee.

CEO Assumes Interim Oversight

During the transition period, Lee will directly oversee the Wholesale Banking Segment while working closely with the bank’s senior leadership team.

Supporting the transition are Hirofumi Umeno, Yvonne Marcelo, Jorge Lindley Ong, and Virgilio Chua. The bank said their combined leadership and industry expertise will help ensure continuity and sustained momentum across the business.

Wholesale Banking Remains a Strategic Growth Driver

Security Bank emphasized that wholesale banking remains one of the institution’s key growth engines.

According to Lee, the segment continues to benefit from a strong leadership foundation and support from the bank’s strategic alliance partner, MUFG Bank, Japan’s largest bank and one of the world’s leading financial groups.

The bank said it remains well-positioned to pursue emerging business opportunities while continuing to strengthen its corporate, commercial, and institutional banking franchise. Clients are expected to experience uninterrupted service and leadership continuity throughout the transition.

Strong Banking Presence

Security Bank reported total assets of PHP1.2 trillion as of March 31, 2026. Founded in 1951, the bank operates 390 branches and 666 ATMs, Cash Recycler Machines (CRMs), and Cash Acceptance Machines (CAMs) nationwide.

The bank serves retail, business, corporate, and institutional clients through a broad portfolio of banking, lending, treasury, payments, and wealth management services.

Why It Matters

The leadership transition comes as Philippine banks continue to expand their corporate and institutional banking services amid increasing business activity and cross-border opportunities. Security Bank’s decision to place its CEO at the helm of the segment during the transition underscores the strategic importance of wholesale banking to the organization’s long-term growth plans.