Security Bank announced today that John Cary Ong has decided to step down as Head of the Wholesale Banking Segment (WBS).
Mr. Ong has been a valued member of Security Bank’s leadership team and has contributed to the growth and development of 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,” said Security Bank President and Chief Executive Officer Victor Lee.
In the interim, Victor Lee will oversee the segment, working closely with Hirofumi Umeno, Head of Alliance Segment, Yvonne Marcelo, Head of Corporate Banking, Jorge Lindley Ong, Head of Commercial Banking, and Virgilio Chua, President and CEO of Security Bank Capital. Their leadership and industry experience will ensure a seamless transition and continued momentum across the business.
Lee added: “Wholesale banking remains a key growth engine for the Bank, underpinned by an experienced leadership team and a strong foundation for the future. With the support of our alliance partner and shareholder MUFG, we are well positioned to capture emerging opportunities and create long-term value for our stakeholders. Our clients can expect continuity in leadership and service as we further strengthen our corporate, commercial, and institutional banking franchise.”
About Security Bank
Security Bank Corporation is one of the Philippines’ leading universal banks, with total assets of PHP1.2 trillion as of March 31, 2026. Founded in 1951, the Bank has a nationwide network of 390 branches and 666 ATMs, Cash Recycler Machines (CRMs), and Cash Acceptance Machines (CAMs).
Security Bank serves retail, business, corporate, and institutional clients through a broad range of banking, lending, payments, treasury, and wealth management solutions. Guided by its BetterBanking promise, the Bank is focused on making banking simpler, faster, and more responsive for customers.
The Bank’s strategic partnership with MUFG Bank, Japan’s largest bank and one of the world’s leading financial groups, strengthens its capabilities in cross-border business, governance, risk management, and capital markets. MUFG Bank holds a 20% stake in Security Bank.
Security Bank was recognized as Best Private Bank in the Philippines by Global Finance and Philippines’ Best for High-Net-Worth by Euromoney in 2026. The Bank was also named the top Philippine bank in the TIME and Statista Best Companies Asia-Pacific rankings and holds an MSCI ESG Rating of “A.”
More information is available at Security Bank