Emilio B. Aquino’s seven-year tenure as Chairperson of the Securities and Exchange Commission (SEC) concludes on 5 June 2025.
Aquino, the first certified public accountant and lawyer to hold the SEC Chairperson role, emphasised the importance of upholding high standards of transparency and accountability in managing public funds.
Malacañang officially named prominent lawyer Francisco Edralin Lim as his successor on Tuesday. Lim brings extensive experience from the legal and financial sectors. He previously served as President and Chief Executive Officer of the Philippine Stock Exchange from 2004 to 2010 and is a senior partner at Angara Abello Concepcion Regala & Cruz Law Offices.
His past leadership roles also include terms as president of the Management Association of the Philippines and the Financial Executives Institute of the Philippines.
The change in leadership at the SEC is part of broader administrative adjustments.
Executive Secretary Lucas Bersamin indicated on Tuesday, 3 June, that President Ferdinand Marcos Jr. has been reviewing various agency heads. While many Cabinet secretaries are remaining in their positions, some resignations, including those from the Presidential Commission for the Urban Poor and Presidential Assistant for the Visayas, have been accepted.
Reviews concerning government-owned or controlled corporations and forthcoming Supreme Court appointments are also underway.
Featured image: Edited by Fintech News Philippines, based on images by The Varsitarian via Facebook, and ilygraphic via Freepik.
