President Marcos Appoints New SEC Chairperson Francis Lim

President Marcos Appoints New SEC Chairperson Francis Lim

President Marcos has named lawyer Francis Edralin Lim as the new chairperson of the Securities and Exchange Commission (SEC). This fresh leadership comes as the country seeks to strengthen its financial sector. The announcement was confirmed on June 3 by Executive Secretary Lucas Bersamin during a Palace briefing.

“Today the President has appointed Atty. Francis Edralin Lim as the incoming chairperson of the Securities and Exchange Commission (SEC),” Bersamin stated. Lim will succeed Emilio Aquino, whose term ends on June 5, 2025.

Francis Lim’s Extensive Background in Corporate Law

According to sources, Francis Lim brings decades of experience in corporate law, governance, and capital markets regulation. Bersamin highlighted Lim’s reputation as a respected figure in both the legal and financial fields. “Lim’s leadership is expected to strengthen investor confidence and further promote transparency, innovation, and inclusive growth in the Philippine financial sector,” the Palace official added.

Lim’s professional and academic contributions have significantly advanced investor protection and market transparency. He previously served as president and CEO of the Philippine Stock Exchange (PSE). Additionally, he was a trustee and president of the Shareholders Association of the Philippines.

Looking Ahead: Strengthening the SEC’s Role

With Lim at the helm, the SEC aims to reinforce its role in regulating capital markets and ensuring corporate accountability. Stakeholders anticipate that his appointment will boost trust among investors and encourage innovation within the financial system.

As the Philippines navigates a dynamic economic landscape, Lim’s leadership is seen as a pivotal factor in fostering a more transparent and inclusive financial environment.

For more news and updates on the Securities and Exchange Commission, visit Filipinokami.com.