OJK Names Friderica Widyasari Dewi as Chair to Stabilize Regulator After Resignations

JAKARTA, Investortrust.id — Financial Services Authority or OJK appoints Friderica Widyasari Dewi as Chair and Vice Chair on Saturday, Jan 31, 2026 in Jakarta to ensure leadership continuity after Mahendra Siregar and Mirza Adityaswara resigned, a move aimed at preserving regulatory stability amid market volatility. The regulator also names Hasan Fawzi to lead capital markets supervision to maintain oversight effectiveness and public confidence.

The appointments were decided in an OJK Board of Commissioners meeting and took effect immediately on Jan 31, 2026, according to an official statement. The move followed a wave of senior departures that intensified scrutiny of governance at the financial watchdog.

“OJK has appointed Friderica Widyasari Dewi as a replacement member of the Board of Commissioners for the positions of Chair and Vice Chair, and Hasan Fawzi as replacement member overseeing capital markets, derivatives, and the carbon exchange,” said M Ismail Riyadi, Head of OJK’s Department of Financial Literacy, Inclusion, and Communications.

Friderica previously served as Executive Head for Market Conduct Supervision, Education, and Consumer Protection while also sitting on the board. Hasan had led supervision of financial technology innovation, digital financial assets, and crypto assets, giving him experience across emerging and traditional market segments.

OJK said the replacement mechanism followed internal board regulations designed to prevent institutional disruption. “These decisions are effective starting Jan 31, 2026,” Ismail said, adding that the process was intended to safeguard continuity in policy execution and public services.

The regulator pledged to sharpen policy direction and strategic programs to respond to rapid changes in the financial sector. It also committed to maintaining coordination with stakeholders and ensuring consumer protection services continue without interruption.

Separately, OJK confirmed Hasan Fawzi’s expanded mandate over capital markets supervision, citing the need for integrated oversight as derivatives and the carbon exchange gain prominence. The appointment was described as strategic given recent market stress and evolving financial instruments.

In a profile released by OJK, Hasan’s career spans more than three decades in Indonesia’s capital market infrastructure. He previously held senior roles at clearing and settlement institutions, the stock exchange, rating and pricing agencies, and brokerage firms, before joining the regulator.

Market participants are watching the new leadership closely for signals of governance reform and regulatory clarity following the resignations. OJK said the leadership transition would not alter its core mandate to maintain financial stability and protect consumers.