Finance Minister Purbaya Yudhi Sadewa Appoints New Director General for Financial Stability
Finance Minister Purbaya Yudhi Sadewa has appointed Herman Saheruddin as Director General of Financial Sector Stability and Development (Dirjen SPSK). Herman has served as Acting Director General (Plt.) of Dirjen SPSK since 27 March 2026, succeeding Masyita Crystallin, who has been reassigned to the Nusantara Future Investment Management Agency (BPI Danantara).
Purbaya stated that the official confirmation of the position is pending the formal letter. “His (Herman’s) candidacy for the new position is set; we just await the processing of the letter,” Purbaya said after attending an event at PT SMI in Ayana Midplaza, Jakarta, on Wednesday, 22 April 2026.
Prior to his appointment as Acting Director General of Dirjen SPSK, Herman served as Head of Banking Restructuring Programme and Institutional Relations at the Indonesia Deposit Insurance Corporation (LPS). He has a long professional track record at LPS since 2010.
Meanwhile, Masyita Crystallin has officially ended her tenure at the Ministry of Finance and joined PT Danantara Investment Management (Persero) or DIM. Masyita continues her duties as Head of Economic & ESG Strategic Positioning at Danantara Investment Management since 11 February 2026.
“This assignment is part of efforts to strengthen policy and investment synergies to accelerate the strategic agenda of deepening the national financial sector,” stated an official release from the Ministry of Finance published on Friday, 13 February 2026.
PT Danantara Investment Management or DIM is an investment management entity under Danantara. The company aims to optimise and develop strategic assets of state-owned enterprises (SOEs) and the state.
The Ministry of Finance describes this transfer as the government’s commitment to ensuring continuity of leadership and governance in maintaining stability and promoting the transformation of Indonesia’s financial sector. “The entire transition process is conducted in an orderly manner and in accordance with good governance principles.”