New Leadership Faces for Indonesia's Financial Authority OJK Approved by Parliament

Parliament’s Commission XI approved five names to fill leadership positions at the Financial Services Authority (OJK) on 11 March 2026, including the posts of Chair, Vice Chair, and three Executive Heads.

Friderica Widyasari Dewi was appointed as Chair following her appointment as Acting Chair in place of Mahendra Siregar, who resigned in late January 2026 after a series of negative developments affected Indonesia’s capital market, triggered by the freezing of Indonesian stocks from the MSCI index. She brings an extensive track record, deep understanding, and cross-functional experience in the financial services sector, particularly capital markets.

Hernawan Bekti Sasongko was appointed Vice Chair of the OJK Board of Commissioners. He is not a newcomer to the OJK, currently serving as a member of the OJK Supervisory Board since 2023, and has been a commissioner of PT Kliring Berjangka Indonesia since 2022.

Hasan Fawzi was approved to fill the position of Executive Head for Capital Markets, Derivatives, and Carbon Exchange Supervision at the OJK. He previously served as Acting Supervisor of the capital markets division, replacing Inarno Djajadi who resigned in late January 2026.

Dicky Kartikoyono was appointed as Executive Head for Conduct Supervision of Financial Services Business Operators, Education, and Consumer Protection. Born in Jakarta in 1967, he completed his bachelor’s degree in Accounting at the Jakarta Institute of Business and Economics (STIE YAI) in 1994.

Adi Budiarso was approved as Executive Head for Innovation Technology Supervision, Digital Financial Assets, and Crypto Assets, replacing Hasan Fawzi in this position.

The five appointees are scheduled to be formally confirmed by parliament in a plenary session on 12 March 2025. These appointments follow President Prabowo Subianto submitting a list of ten candidate commissioners to parliament for fit and proper testing by Commission XI.