Malacañang has announced the appointment of former Philippine Stock Exchange (PSE) President Francis Ed Lim as the new chairman of the Securities and Exchange Commission (SEC), following the expiration of the term of current chairperson Emilio B. Aquino.
Currently a senior legal counsel at ACCRALAW, or Angara Abello Concepcion Regala & Cruz Law Offices, one of the country’s top law firms, Lim was recognized by the Asia Business Law Journal as among the Philippines' Top 100 Lawyers in 2021.
Lim specializes in both corporate law and litigation and spearheaded the teams that handled some of the largest capital market-related transactions in the country.
These include the equity offerings of Alliance Select Foods International, Inc., Ayala Corporation, Ayala Land, Inc., BDO Unibank, Inc., Bloomberry Resorts Corporation, Century Group Properties, Inc., Lucio Tan Group of Companies, Melco Crown (Philippines) Resorts Corporation, and Travellers International Hotel Group.
He also headed the team that handled the bond offerings of the Filinvest Group, First Metro Investments Corporation, and BDO Unibank, Inc., as well as the listing of the first-ever Exchange Traded Fund listed in the PSE.
Lim served as President and Chief Executive Officer of the PSE from 2004 to 2010.
During his tenure at the PSE, he also held key positions in various institutions, including the Securities Clearing Corporation of the Philippines, the Capital Market Development Center, Inc., the Philippine Stock Exchange Foundation, Inc., the Philippine Dealing and Exchange Corporation, and the Securities Investors Protection Fund.
Currently, he is a member of the Board of Directors of public companies such as the Energy Development Corporation, The Insular Life Assurance Company, Ltd., and Producers Savings Bank Corporation.
Lim also served as the Co-Chairperson of the Rules on e-Commerce and Notaries Public sub-committees of the Supreme Court. He is also a member of the sub-committees on Commercial Courts, Evidence, and DNA Evidence.
Lim is currently a law professor of the Ateneo Law School and the San Beda College Graduate School of Law, where he teaches courses in Securities Regulation, International Business Transactions, Arbitration, Evidence, and Partnership.
He is also a professional lecturer of the Philippine Judicial Academy (PHILJA), and the current Vice-Chair of its Commercial Law Department.
Lim is also the incumbent president of the Shareholders' Association of the Philippines; a member of the Board of Governors, and is the Vice-President of the Management Association of the Philippines; a trustee of the Financial Executives Institute of the Philippines, CIBI Foundation, Inc., and the Judicial Reform Initiative, Inc.; and a Fellow of the Institute of Corporate Directors.
He was also chosen to lead the Management Association of the Philippines (MAP) as its President for 2020.