Former Second Minister for Finance and Transport Lim Hwee Hua has been appointed the third honorary chairman of the Securities Investors Association (Singapore), or SIAS. She was appointed to her post for a three-year term with effect from today.

David Gerald, SIAS president and CEO, said in a statement that Mrs Lim "has always shown keen interest in the work we do at SIAS and has a heart for the retail investors".

"As chairman of SIAS, she now has the opportunity to ... further enhance the work of SIAS in our market place. SIAS stands to benefit enormously from her knowledge and vast experience in the finance and securities industries," he added.

Mrs Lim takes over from former head of the Singapore Exchange Hsieh Fu Hua. Mr Gerald said that during Mr Hsieh's tenure, SIAS launched initiatives like the Singapore Investment Week, the SIAS Investment Guidebook, and internationalised SIAS' corporate governance programme by adopting Organisation for Economic Co-operation and Development (OECD) standards in rating listed companies.

"SIAS received keen interest from international organisations like the OECD, the International Monetary Fund and the Economic and Monetary Affairs Committee of the European Parliament on our work," he noted.

Mrs Lim is currently executive director of private equity firm Tembusu Partners; a senior adviser to leveraged buyout specialist Kohlberg, Kravis & Roberts; an independent non-executive representative of the Ernst & Young Global Advisory Council; and a non-executive director of Jardine Cycle & Carriage and Stamford Land Corporation.

She was a government administrative officer, before joining Swiss Bank Corporation, becoming head of Singapore research for investment bank Jardine Fleming, and eventually managing director at Temasek Holdings. She was in Singapore politics from 1997 to 2011, and became Singapore's first woman minister in 2009.