Commission XI Parliament Selects Friderica Widyasari Dewi to Lead OJK
Commission XI of the House of Representatives has selected Friderica Widyasari Dewi, currently Executive Head of Conduct Supervision for Financial Services Practitioners, Education and Consumer Protection at the Financial Services Authority (OJK), as Chair of the OJK Board of Commissioners for the 2026-2031 term. Friderica was selected after undergoing fitness and propriety testing on Wednesday, 11 March 2026.
In addition to Friderica, the House of Representatives selected four other individuals as members of the OJK Board of Commissioners. “I must inform all colleagues that today Commission XI has decided the results of the fitness and propriety test for candidates to the OJK Board of Commissioners for the 2026-2031 period for five positions, with 10 candidates having undergone the test and five positions decided upon,” stated Commission XI Chair Mukhamad Misbakhun to the media at the House of Representatives Complex on Wednesday, 11 March 2026.
Friderica previously served as Executive Head of Conduct Supervision for Financial Services Practitioners, Education and Consumer Protection. She was then appointed as interim Acting Chair of the OJK Board of Commissioners following the resignation of Mahendra Siregar in late January.
Commission XI also selected Hernawan Bekti Sasongko as Vice Chair of the OJK Board of Commissioners. Previously, he served as a member of the OJK Supervisory Board. Subsequently, Hasan Fawzi was selected as Executive Head of Capital Market Supervision, Derivative Finance and Carbon Exchange. He previously served as Executive Head of Fintech Innovation Supervision, Digital Financial Assets and Cryptocurrency.
The House of Representatives also selected Adi Budiarso as Executive Head of Fintech Innovation Supervision, Digital Financial Assets and Cryptocurrency. Adi previously served as Director of Banking Development, Financial Markets and Other Financing at the Ministry of Finance.
Finally, the House of Representatives selected Dicky Kartikoyono as Executive Head of Conduct Supervision for Financial Services Practitioners, Education and Consumer Protection. Dicky previously served as Head of the Payment Systems Policy Department at Bank Indonesia.
According to Misbakhun, Friderica was selected because she could provide positive responses to several fundamental issues at the OJK in a short timeframe. “Hasan Fawzi also provided highly adequate responses to several MSCI (Morgan Stanley Capital International) issues,” he stated.
The five selected OJK Board of Commissioners will be brought before a plenary session on Thursday, 12 March 2026 for approval. According to Misbakhun, the selection of five Board of Commissioners members who will serve a five-year term will provide certainty to the market.
The selection of replacement candidates for OJK Board of Commissioners was conducted following the resignation of four OJK officials in late January 2026 after the Morgan Stanley Capital International (MSCI) announcement. The officials who resigned were OJK Board of Commissioners Chair Mahendra Siregar, Vice Chair Mirza Adityaswara, Executive Head of Capital Market Supervision, Derivative Finance and Carbon Exchange Inarno Djajadi, and Deputy Commissioner for Emitter Supervision, Securities Transactions, Special Examinations, Derivative Finance and Carbon Exchange Aditya Jayaantara.