Security Bank has announced another major reshuffle of its top finance leadership team, as it has appointed John David Yap as the new CFO effective 13 June, as reported by Insider PH.

Yap replaces Allen Reyes, who served in the executive position for barely 10 months.

A recent stock exchange filing revealed that Reyes resigned for personal reasons, after assuming the finance chief role in August last year.

His brief stint followed the retirement of longtime executive Eduardo Olbes, who served the lender for 15 years.

Olbes played a significant role in shaping the transformation strategy of the company before his departure.

Management initially brought Reyes in to help drive the next phase of that corporate transformation.

The local lender is now leaning on a proven business builder to guide its financial strategy.

Yap currently heads the business banking segment, which remains a main growth engine for the company.

His current department focuses heavily on supporting small and medium enterprises across the country.

Yap helped expand this franchise while strengthening sales analytics and portfolio management capabilities.

This internal growth aligns with broader industry efforts to push deeper into higher yield lending and fee based businesses.

The new CFO for Security Bank will continue overseeing the business banking segment on an interim basis during this leadership transition.

Featured image: Edited by Fintech News Philippines based on an image by yogiermansyah22 via Magnific.