February 4, 2026 | 12:20 pm
TEMPO.CO, Jakarta - Jeffrey Hendrik confirmed his appointment as the acting president director of the Indonesia Stock Exchange (IDX). Jeffrey, who previously served as the Director of Development at IDX, is replacing Iman Rachman, who resigned on Friday, January 30, 2026.
"Yes (I have been appointed)," Jeffrey told reporters at the Indonesia Stock Exchange on Wednesday, February 4, 2026.
Jeffrey will serve as interim president director for the rest of the term, until June 2026, when the new directors will be appointed through a General Meeting of Shareholders (RUPS). The mechanism is outlined under the Financial Services Authority Regulation (POJK) Number 58 of 2016.
Iman Rachman announced his resignation after the turmoil that occurred in the trading of the IDX Composite Index (IHSG) last week.
"I believe this is my form of responsibility as the President Director of the Indonesia Stock Exchange," he said on Friday, January 30, 2026, adding that he hoped IHSG would improve after the decline following MSCI warning. Stocks plummeted 8 percent for two consecutive days on January 28-29, 2026 after MSCI warned about stock transparency.
Besides Iman, four high-ranking officials at the Financial Services Authority also resigned. They are the Chairperson of the OJK Board of Commissioners, Mahendra Siregar; the Deputy Chairperson of the OJK Board of Commissioners, Mirza Adityaswara; the Executive Head of Capital Market, Derivatives, and Carbon Market Supervision of the OJK, Inarno Djajadi; and the Deputy Commissioner for Issuer Supervision, Securities Transactions, Special Audits, Derivatives, and Carbon Market of the OJK, I.B. Aditya Jayaantara.
Mahendra's position was later replaced by the Chief Executive of Market Conduct Supervision, Financial Education, and Consumer Protection of the OJK, Friderica Widyasari Dewi. Meanwhile, Inarno's position was replaced by the Chief Executive of Financial Sector Technological Innovation, Digital Financial Asset, and Crypto Asset Supervision, Hasan Fawzi.
Read: Friderica Widyasari Dewi Appointed as Acting Chair of OJK Board of Commissioners
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