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SECB poaches on Ayala’s BPI for new CEO to lead expansion into consumer banking

26 Mar

BY UNICAPITAL SECURITIES

Security Bank Corp. (SECB) has firmed up the expansion of its consumer finance business with the appointment of a veteran retail banker as its new CEO.

In a disclosure to the Philippine Stock Exchange, Security Banking Corporation said its long-time CEO Alberto S. Villarosa will soon become chairman to replace Frederick Y. Dy, who will assume the role of chairman emeritus.

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Poised to succeed Villarosa as CEO is an outsider, Alfonso L. Salcedo, who heads Bank of the Philippine Islands’ (BPI) Corporate Clients Group but has built a 30-year career as a retail banker, half of that period with BPI and before that, another 10 years with Citibank.

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Posted by on March 26, 2015 in Corporate News, SECB, Stock Market

 

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