OJK Appoints Jeffrey Hendrik as New IDX President Director for 2026-2030 Term

The Indonesian Financial Services Authority (OJK) has announced a slate of candidates for the Board of Directors of PT Indonesia Stock Exchange (IDX) for the 2026-2030 term. The appointments are set to be formally approved during the Annual General Meeting of Shareholders (AGMS) scheduled for June 29, 2026.

Jeffrey Hendrik has been nominated as the President Director of the IDX for the upcoming term. Hendrik currently serves as the Acting President Director of the IDX. Hasan Fawzi, Head of the OJK's Capital Market, Derivative Financial, and Carbon Exchange Supervision, confirmed the appointments, stating, "Yes, that is correct, in accordance with the OJK's letter submitted to the IDX directors."

Other key appointments include Saidu Solihin as Director of Company Valuation, and Irvan Susandy as Director of Trading and Membership Regulation. Yulianto Aji Sadono has been selected as Director of Transaction Supervision and Compliance, while Abdul Munim will serve as Director of Information Technology and Risk Management.

Iding Pardi, currently the President Director of PT Kliring Penjaminan Efek Indonesia (KPEI), has been appointed Director of Development. Umi Kulsum is nominated as Director of Finance, Human Resources, and General Affairs. These seven candidates will be presented for approval at the IDX's AGMS.

The appointments adhere to the provisions outlined in OJK Regulation No. 58/POJK.04/2016 concerning the Board of Directors and Commissioners of the Stock Exchange. They are also based on the results of capability and suitability assessments conducted by the relevant committee.

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Yes, that is correct, in accordance with the OJK's letter submitted to the IDX directors.