Jakarta / Singapore, 30 January 2026 – Iman Rachman, the President Director (Direktur Utama) of the Bursa Efek Indonesia (BEI), has resigned from his position. The decision comes as financial markets in Indonesia have been under significant pressure, with heightened volatility in the stock market and intensifying scrutiny over market transparency and investor confidence.
Iman Rachman, who was appointed to lead the Indonesia Stock Exchange for the 2022–2026 period, tendered his resignation as part of his accountability amid the recent sharp declines in the Jakarta Composite Index (IHSG) and heightened investor concerns after warnings about the market’s investability. He had previously been engaging with both domestic and foreign investors to explain measures being taken by BEI and other authorities to stabilise confidence and address structural issues in Indonesia’s capital market.
The resignation marks a notable leadership change at BEI at a time when regulators and market participants are grappling with challenges related to transparency, free-float requirements and broader market reform efforts. Discussions between BEI, the Otoritas Jasa Keuangan (OJK), Indonesia’s financial regulator, and global index providers have been underway to address market concerns and prevent potential downgrades in index classifications that could trigger further capital outflows.
Sources indicate that efforts by Rachman in recent days included plans to meet with foreign institutional investors to communicate policy and reform initiatives aimed at stabilising the market and clarifying regulatory direction. However, ongoing volatility and investor anxiety appear to have factored into his decision to step down.
Further details, including the nomination of a successor and any formal announcements from BEI or OJK, are expected to be released in the coming days as market authorities work to ensure continuity of leadership and ongoing reforms amid the challenging market environment.
