MANILA, Philippines — Security Bank Corporation is restructuring its senior management hierarchy to enforce stronger leadership accountability in line with its new three-year strategic roadmap.
In a regulatory filing submitted to the Philippine Stock Exchange (PSE), the lender confirmed that the board-approved executive appointments and designation shifts will roll out starting October 1, 2026, through January 1, 2027.
The management revamp follows two high-profile executive departures. Rahul Rasal, Executive Vice President and Head of Retail Banking, and Jonathan Diokno, Senior Vice President and Deposits Business Head, have voluntarily tendered their resignations.
Rasal steps down from his leadership post on October 1 ahead of his official departure on December 31, 2026, while Diokno’s resignation takes effect on November 1, 2026.
Security Bank President and Chief Executive Officer Victor Lee will temporarily direct the Retail Banking Segment to ensure operational continuity.
“We thank Rahul for his contributions during his time with Security Bank and wish him success in the next chapter of his career,” Lee said.
The organizational realignments affect 14 senior officials holding executive vice president and senior vice president ranks.
Updated leadership roles, reporting lines, and operational boundaries will formally take effect on January 1, 2027, to streamline distribution channels, product offerings, and front-line client interactions.
Lee emphasized that with the core strategy finalized, the institution is shifting its focus toward full operational execution.
“Over the past several weeks, we’ve been clear about where we will focus, how we intend to grow, and what success will require,” Lee said.
“The strategy has been set. Our priority now is execution. These leadership alignments strengthen accountability across the Bank and ensure we’re positioned to deliver on the commitments we’ve made to our stakeholders.”