A 48-year-old woman from Mumbai with type 2 diabetes and hypertension presents for cardiovascular risk assessment. Her fasting lipid panel shows: total cholesterol 220 mg/dL, LDL-C 140 mg/dL, HDL-C 35 mg/dL, and triglycerides 280 mg/dL. She is not on any lipid-lowering therapy. Liver and kidney function tests are normal. What is the most appropriate initial management?