Indonesia’s DPR Approves New OJK Leadership Amidst Market Volatility
Jakarta, Indonesia – On Wednesday, March 11, 2026, Commission XI of the Indonesian House of Representatives (DPR) approved five candidates to fill key leadership positions within the Financial Services Authority (OJK). The approved positions include Chairman, Vice Chairman, and three Chief Executives.
New OJK Leadership Lineup
The decision followed a fit and proper test conducted earlier in the day and was reached through deliberation and consensus among Commission XI members. The following individuals have been confirmed for the OJK Board of Commissioners (ADK):
- Chairman: Friderica Widyasari Dewi
- Vice Chairman: Hernawan Bekti Sasongko
- Chief Executive of the Supervision of Capital Markets, Financial Derivatives and Carbon Exchanges: Hasan Fawzi
- Chief Executive Supervisor of Financial Sector Technology Innovation, Digital Financial Assets and Crypto Assets (IAKD): Adi Budiarso
- Chief Executive of Consumer Education & Protection: Dicky Kartikoyono
Selection Process and Presidential Nomination
President Prabowo Subianto initially submitted a list of ten candidates to the DPR for consideration. These ten candidates were selected from a pool of twenty who had passed the administrative selection process conducted by the OJK ADK selection committee. The DPR will formally ratify the appointments in a Plenary Session scheduled for March 12, 2026.
Original Candidate Pool
The ten candidates who participated in the fit and proper test on March 11, 2026, were:
- Friderica Widyasari Dewi
- Agus Sugiarto
- Hernawan Bekti Sasongko
- Ari Zulfikar
- Hasan Fawzi
- Darmansyah
- Dicky Kartikoyono
- Danu Febrianto
- Adi Budiarso
- Anton Daryono
Context of the Appointments
The accelerated selection process for OJK leadership comes amid concerns about market volatility, influenced by global events such as the Middle East conflict. The appointment of a new leadership team is expected to bring stability and responsiveness to the Indonesian financial sector. According to Finance Minister Purbaya Yudhi Sadewa, speeding up this process is vital given the turbulent global market conditions. [1]
Commission XI Chairman Mukhamad Misbakhun emphasized the importance of a balanced approach from the new OJK leaders, combining market-friendly policies with caution and consideration for national interests. [2]
Looking Ahead
The newly appointed OJK leadership is expected to prioritize policies that maintain financial system stability and foster confidence among market participants. The focus will be on addressing rapid changes in financial markets and managing risks effectively. [2]
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