Hasan Fawzi Appointed as Capital Markets Supervisor at Indonesia's Financial Services Authority

Jakarta — Indonesia’s House of Representatives Commission XI has approved Hasan Fawzi to fill the vacancy in the position of Executive Head of Capital Markets, Derivatives and Carbon Exchange Supervision at the Financial Services Authority (OJK). Fawzi was previously sworn in as interim supervisor of the OJK’s capital markets division, replacing Inarno Djajadi, who resigned in late January following a series of adverse developments in Indonesia’s capital markets, triggered by the freezing of Indonesian stocks in the MSCI index.

Fawzi was previously appointed as Executive Head of Innovation Technology Supervision in the Financial Sector, Digital Financial Assets and Cryptocurrency, and as a member of the OJK Board of Commissioners in 2023.

Before this, Hasan Fawzi served as Director of Development at the Indonesia Stock Exchange (IDX), a position to which he was appointed by the General Meeting of Shareholders on 29 June 2018.

According to the OJK website, Fawzi was born in Purwakarta on 27 April 1970. He earned a Bachelor of Engineering degree from the Bandung Institute of Technology (ITB) in 1993 and obtained a Master of Business Administration (MBA) from LÍAE de Grenoble, Université Pierre Mendès France. He also holds a Master’s degree in Management (MM) from the Faculty of Economics at the University of Indonesia, obtained in 2008.

Fawzi began his career at PT Indonesian Clearing and Depository Institute with his last position as Head of Systems Development Department (1993-1997). He then joined the Indonesian Futures Clearing House with his final position as Head of Information Technology Division (1997-2008). He served as Director of PT Indonesian Securities Pricing Institute (2008-2012) and as President Director of the Indonesian Futures Clearing House for two terms (2012-2015 and 2015-2018).