Parliament Appoints Five New Members to OJK Financial Services Board, Friderica Widyasari Becomes Chair

The House of Representatives (DPR) has appointed five candidates as members of the Financial Services Authority (OJK) Board of Commissioners in a plenary session held at the Nusantara II Building, DPR Complex, Jakarta on Thursday, 12 March.

The appointment follows the successful completion of fit and proper testing previously conducted by Commission XI of the DPR on the prospective board members.

The five appointees are as follows:

1. Friderica Widyasari Dewi as Chair of the OJK Board of Commissioners;

2. Hernawan Bekti Sasongko as Deputy Chair of the OJK Board of Commissioners;

3. Hasan Fawzi as Executive Head of Capital Markets, Derivatives and Carbon Exchange Supervision;

4. Dicky Kartikoyono as Executive Head of Supervision of Financial Services Business Conduct, Education and Consumer Protection; and

5. Adi Budiarso as Executive Head of Supervision of Financial Technology Innovation, Digital Financial Assets and Crypto Assets.

Following the session, Friderica expressed her commitment to fulfilling her mandate as a board member in advancing the financial services sector and maintaining stability in Indonesia’s financial system. “We will realise the financial services sector increasingly contributes to economic growth and national development, supporting government priority programmes, whilst ensuring consumer and public protection,” Friderica stated.

The appointment forms part of the process to fill OJK Board of Commissioner positions in accordance with applicable legislation.

The DPR’s decision will be submitted to the President for formal ratification through Presidential Decree. Subsequently, the appointed board members will take their oath of office before the Chief Justice of the Supreme Court in accordance with legal requirements.