PHOTO from Security Bank
MANILA, Philippines–Lender Security Bank has named ex-Citibanker Sanjiv Vohra as its new president and executive officer effective July 1, taking over the post to be vacated by Alfonso Salcedo Jr.
Upon his retirement, Salcedo — who served as president and CEO since 2015 — will remain as director and will chair the executive committee. The bank’s former president Rafael Simpao Jr., on the other hand, will retire as director effective June 30 and will become a senior adviser to the board.
Vohra is no stranger to the Philippine market as he previously headed Citibank Philippines for eight years.
In a press statement on Tuesday, Security Bank chair Alberto Villarosa explained that the organizational changes reflected the bank’s focus on ensuring the continuity of the overall business strategy formulation and execution.
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“With the appointment of Sanjiv Vohra, the bank is manifesting the institution’s commitment to professionalism and to bringing in leaders who not only understand the Philippine market but the global markets as well. The banking business is truly becoming globalized and cross-border transactions, partnerships and alliances are now becoming the new normal,” Villarosa said.
Villarosa cited Vohra’s deep experience in banking, having held a number of senior leadership positions in Asia at Citibank, ABN AMRO Bank, the Royal Bank of Scotland, Deutsche Bank and MUFG Bank, alongside his experience in the domestic market as country chief of Citibank Philippines.
