Security Bank establishes wealth segment, announces new CFO

New CFO Allen Reyes previously worked at Singlife and Deutsche Bank.

Security Bank announces new chief financial officer and head of its newly established wealth segment.

The Philippine bank has appointed Allen Alexander Reyes as its new CFO effective 1 August 2025. Reyes takes over from Eduardo Olbes, who is availing of an early retirement, according to a bourse filing.

Reyes has previously worked at Singlife Philippines, Diageo, Sony Global Services, and Deustche Bank.

Separately, Security Bank has formally established its wealth segment, effective 1 August 2025.

It has named Jefferson Ko as senior vice president and head of the wealth segment. Ko currently leads Security Bank’s investment solutions.

Ko has held leadership roles at China Bank, NORD/LB, Maybank, DZ Bank, and ING across Singapore and the Philippines.