OJK Appoints Interim Board Members Following Wave of Senior Resignations
Jakarta. The Financial Services Authority (OJK) has appointed interim members of its board of commissioners to ensure leadership continuity and maintain the smooth functioning of financial sector regulation and supervision following a wave of high-profile resignations.
The appointments were decided at a meeting of the OJK board of commissioners in Jakarta on Friday.
Under the decision, Friderica Widyasari Dewi, previously the chief executive overseeing market conduct, consumer education and protection, was named interim commissioner replacing both the chairman and vice chairman of the OJK board of commissioners.
Hasan Fawzi, who heads supervision of financial technology innovation, digital financial assets and crypto assets, was appointed interim commissioner replacing the chief executive in charge of capital markets, derivatives finance and the carbon exchange.
“The appointment of these interim officials was carried out in accordance with the mechanisms set out in OJK Board of Commissioners regulations and forms part of the institutional system to safeguard organizational stability,” the regulator said in a statement on Saturday.The appointments take effect on Jan. 31, 2026.
OJK said it would sharpen and review all policies, work programs and strategic agendas to respond to evolving conditions in the financial sector. Coordination with key stakeholders and public services would continue to operate normally to preserve financial system stability and strengthen consumer protection, it added.
The interim appointments follow a turbulent week for Indonesia’s capital markets, marked by the resignation of several senior figures at both the Indonesia Stock Exchange (IDX) and OJK.
IDX President Director Iman Rachman announced his resignation earlier on Friday morning. Later the same day, OJK Chairman Mahendra Siregar stepped down, citing moral responsibility to uphold institutional integrity and support the recovery of the financial services sector.
His decision was followed by the resignations of OJK Vice Chairman Mirza Adityaswara, Capital Markets, Derivatives Finance and Carbon Exchange Chief Executive Inarno Djajadi, and Deputy Commissioner for Issuers and Securities Transactions Aditya Jayaantara.
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