Former BPJSTK Director Edwin Ridwan Emerges as Candidate for BEI CEO
Former Investment Director of BPJS Ketenagakerjaan (BPJSTK), Edwin Ridwan, is running as a candidate for the position of President Director of PT Bursa Efek Indonesia (BEI) for the 2026-2030 term, alongside three other proposed director slates led by Laksono Widodo, Jeffrey Hendrik (currently Acting President Director of BEI), and Iding Pardi (currently President Director of PT Kliring Penjaminan Efek Indonesia).
“Yes, that’s correct,” he stated when confirmed by CNBC Indonesia on Thursday (2 April 2026).
He also claimed that he would pursue strategic programmes if selected. “We can’t continue with business as usual given the current state of our capital market,” he remarked.
For information, BEI will enter a new leadership period for 2026-2030. An Extraordinary General Meeting of Shareholders (EGMS) will be held to determine the leadership of the country’s capital market regulator.
Several prominent names from the capital market, banking, and national corporate sectors have emerged in the three circulating slates as director candidates.
The Financial Services Authority (OJK) has revealed developments in the process of nominating BEI directors by exchange members (AB). The regulator stated that it has identified parties who meet the requirements to propose director slates for the exchange.
The Executive Head of Capital Market, Derivatives Finance, and Carbon Exchange Supervision at OJK, Hasan Fawzi, said that based on OJK regulations, BEI director slates must be proposed by at least 10 ABs. These requirements refer to a combination of several indicators such as transaction value, trading frequency, and the portion of exchange member activities.
“10 ABs. There is a percentage from the value, then from transactions, from frequency. Well, that combination will be read later in the provisions. More or less, it’s already regulated in detail, eligibility or who the exchange members are and what portion will be calculated to nominate a slate, but yes,” Hasan explained at the BEI building in Jakarta on Wednesday (1 April 2026).
The cut-off for calculating exchange member eligibility in director nominations is based on data from activities over the past year, namely the period from April 2025 to March 2026.
In addition, OJK emphasises the responsibility of ABs in ensuring the quality of the candidates they propose. Exchange members are required to conduct research and review aspects of capability, capacity, competence, and integrity of director candidates.
The regulator stresses that the nomination process should not be done haphazardly without thorough selection. Emphasis on integrity is the primary aspect that must be considered by every AB in submitting candidates.
Nevertheless, Hasan noted that as of now, no director slates have been registered with OJK. The deadline for submitting director slates to OJK is set for no later than 4 May 2026.
As reported in the mass media, the first BEI director slate consists of Iding Pardi, Zaki Mubarak, Yulianto Aji Sadono, Umi Kulsum, Ahmad Subagja, Yohannes Liauw, and Andre Tjahjamuljo.
The second slate includes Jeffrey Hendrik, Irvan Susandy, R. Haidir Musa, Irwan Abdalloh, R. M Irwan, and Atep Salyadi Dariah Saputra.
Meanwhile, the third slate comprises Laksono Widodo, Fifi Virgantria, Heru Handayanto, John Tambunan, Donny Arsal, Lidia M. Panjaitan, and Saidu Solihin. Finally, the fourth slate features Edwin Ridwan, Feb Sumandar, Gurasa Siagian, Suryadi, Freddy Hendradjaja, Aji Sudarmaji, and Yohanes Arts Abimanyu.