Parliamentary Commission Appoints New OJK Leadership; Friderica Becomes Board Chairman

JAKARTA – Commission XI of the House of Representatives (DPR) has appointed five new leaders of the OJK (Financial Services Authority) Board of Commissioners for the period 2026–2031 following a fitness and propriety assessment process.

One of the key decisions in this process was the appointment of Friderica Widyasari Dewi as the new Board Chairman of the OJK. The appointment was made after Commission XI conducted a fitness and propriety assessment of ten candidates to fill five strategic positions within the financial sector regulatory body.

Mukhammad Misbakhun, Chair of Commission XI, stated that the decision was reached through consensus after a series of fitness and propriety assessments conducted throughout the morning. “Commission XI has decided the results of the fitness and proper test for OJK Board of Commissioners candidates for the period 2026–2031 for five positions,” he said following an internal meeting at the DPR building in Jakarta on Wednesday (11 March 2026).

Friderica Widyasari Dewi was appointed as Board Chairman of the OJK, whilst Hernawan Bekti Sasongko was selected as Deputy Board Chairman.

Commission XI also appointed Hasan Fauzi as Executive Head of Capital Market, Derivatives Finance, and Carbon Exchange Supervision at the OJK. Dicky Kartikoyono was appointed as Executive Head of Business Conduct Supervision, Financial Education, and Consumer Protection at the OJK.

Adi Budiarso was selected as Executive Head of Financial Sector Technology Innovation Supervision, Digital Financial Assets, and Crypto Assets at the OJK.

Misbakhun noted that these selections were based on the candidates’ abilities, capacity, and competence. He also commended Hasan Fauzi for demonstrating adequate understanding of various capital market issues, including matters related to Morgan Stanley Capital International (MSCI) index assessment. This experience is considered important given the position’s connection to supervising financial sector technological innovation, including the management of digital and cryptocurrency assets.

The appointment of five OJK Board of Commissioners members followed the resignations of four previous OJK officials on 30 January 2026. These officials were Mahendra Siregar, Mirza Adityaswara, Inarno Djajadi, and I. B. Aditya Jayaantara. Their resignations came after the Composite Stock Price Index (IHSG) experienced a sharp decline on 28–29 January 2026 following an MSCI announcement.