Francis Lim ‘honored’ by SEC appointment

President Ferdinand Marcos Jr. has named former Philippine Stock Exchange chief Francisco Lim the new head of the Securities and Exchange Commission. — Photo from ACCRALaw website

MANILA, Philippines – Lawyer Francis Lim, the next head of the Securities and Exchange Commission (SEC), has vowed to put his “heart and soul” into his new role.

In a statement sent to the Inquirer on Tuesday, Lim said: “I am deeply honored and humbled by the trust and confidence that President [Marcos] and his team have placed in me through this appointment.”

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“I make no grand promises—only that I will put my heart and soul into this important responsibility, guided by the highest standards of integrity and service, for the good of our country,” he added.

Lim will succeed Emilio Aquino, whose term ends on Thursday, June 5, after seven years.

Currently a senior partner at ACCRALAW, Lim served as PSE president from 2004 to 2010, during which he pushed crucial capital market reforms.