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Marcos names former PSE president as new SEC chair

Philippines | National

Marcos names former PSE president as new SEC chair

By Betheena Unite

President Marcos has appointed lawyer Francis Edralin Lim as the new chairperson of the Securities and Exchange Commission (SEC).

Securities and Exchange Commission

Securities and Exchange Commission

Executive Secretary Lucas Bersamin made the announcement on Tuesday, June 3, the same day of his designation.

"Today the President has appointed Atty. Francis Edralin Lim as the incoming chairperson of the Securities and Exchange Commission (SEC)," Bersamin said in a Palace briefing on Tuesday afternoon.

Lim will replace incumbent chairman Emilio Aquino, whose term will expire on June 5, 2025.

According to Bersamin, Lim is a distinguished member of the legal and financial communities and "has an extensive background in corporate and securities law."

Bersamin said Lim "brings to this office decades of experience in corporate law, governance, and capital markets regulation."

"His leadership is expected to strengthen investor confidence and further promote transparency, innovation, and inclusive growth in the Philippine financial sector," Bersamin said.

The Palace official further said that Lim has contributed significantly to investor protection and market transparency through both his professional work and his academic involvement.

Lim previously served as the president and chief executive officer (CEO) of the Philippine Stocks Exchange (PSE).

He is also a former trustee and president of the Shareholders Association of the Philippines.

Related Tags

Securities and Exchange Commission Francis Edralin Lim President Marcos Marcos Cabinet

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