On Monday (10/7), Commission XI DPR carried out a fit and proper test for four candidates for the Board of Commissioners of the Financial Services Authority (DK OJK). Agusman, Adi Budiarso, Hasan Fawzi, and Erwin Haryono were the candidates who took part in this process.
As part of the implementation of the Financial Sector Development and Strengthening Law (RUU P2SK), the election of the Financial Services Authority Board of Commissioners (DK OJK) also involves changes in the supervision of crypto assets. In the bill, it is decided that the responsibility for supervising crypto assets will be transferred from the Commodity Futures Trading Supervisory Agency (Bappebti) to the OJK.
After carrying out a series of fit and proper tests, Commission Hasan Fawzi and Agusman succeeded in winning positions on the Board of Commissioners of the Financial Services Authority (OJK) after going through a deliberation and voting process among nine factions consisting of the leadership and members of Commission XI DPR.
In his new role as Chief Executive Supervisor, Hasan Fawzi will be responsible for overseeing technological innovation in the financial sector, including digital financial assets and crypto assets.
In the fit and proper test evaluation session, Hasan Fawzi highlighted the abundant opportunities in the digital asset industry thanks to the rapid progress of the internet. Of Indonesia's total internet user population of 215.63 million people, only around 1.56% of them are involved in online trading, and around 28.12% of them carried out crypto transactions.
In order to advance digital economic growth in Indonesia, Hasan Fawzi recognizes the importance of technological innovation and the digital financial sector as strategic components. In this context, he noted several programs aimed at increasing the competitiveness of the financial sector and digital assets, including crypto assets.
Efforts to strengthen the financial sector and digital assets promoted by Hasan Fawzi include various important programs. These programs include consumer protection efforts, improving market operator infrastructure and ecosystems (FMIs), as well as increasing financial literacy and inclusion. These steps aim to encourage sustainable growth in the financial and digital asset sectors in the country.
Profile of Hasan Fawzi Candidate for OJK Boss
Previously, Hasan Fawzi served as Development Director at the Indonesia Stock Exchange (BEI) after receiving a mandate from the General Meeting of Shareholders (GMS) on 29 June 2018. Currently, he also plays the role of Independent Commissioner at PT Merdeka Baterry Materials Tbk. (MBMA), a public company that operates in the nickel battery sector and is part of the Garibaldi 'Boy' Thohir business group.
According to the information listed on the OJK website, Hasan Fawzi was born in Purwakarta on April 27 1970. He earned a Bachelor of Engineering degree from the Bandung Institute of Technology (ITB) in 1993 and continued his studies by earning a Master of Business Administration (MBA) degree from the University LÍAE de Grenoble, Universite Pierre Mendes, France. Apart from that, Hasan also succeeded in obtaining a Masters in Management (MM) from the Faculty of Economics, University of Indonesia in 2008.
At the start of his career, Hasan Fawzi started at PT Kliring Depositori Efek Indonesia, where he served as Head of the Systems Development Department from 1993 to 1997. After that, he moved to KPEI and served as Head of the Information Technology Division from 1997 to 2008. Next , Hasan held the position of Director of PT Pevalu Harga Efek Indonesia/PHEI from 2008 to 2012, and then became President Director of KPEI for two periods, namely from 2012 to 2015, and from 2015 to 2018.