PT Danantara Asset Management (DAM) has officially taken over control\nof four state-owned enterprise (BUMN) investment managers: PT Mandiri\nManajemen Investasi (MMI), PT BRI Manajemen Investasi (BRI MI), PT BNI\nAsset Management (BNI AM), and PT PNM Investment Management (PNM IM).\nThe move was formalised through a Share Purchase Agreement signed on 22\nJuly 2026.<\/p>\n
The acquisition is part of Danantara\u2019s strategy to strengthen the\nnational investment management industry by consolidating four BUMN\nmanagers that collectively oversee funds of more than Rp 170 trillion as\nof June 2026.<\/p>\n
Danantara Indonesia Chief Operating Officer Dony Oskaria stated that\nthe transaction is not merely a transfer of share ownership, but a\nstrategic step to build a large-scale investment management company\ncapable of competing at the regional and global levels. \u2018This is a major\nstep to strengthen the national investment management industry. These\nfour companies have strong experience, networks, and capabilities, and\ncollectively manage funds of more than Rp 170 trillion. Danantara\nIndonesia will ensure all these strengths are directed through improved\nstrategy and governance so they can grow stronger, more competitive, and\ndeliver greater added value for the Indonesian economy,\u2019 Dony said in an\nofficial statement on Thursday (23\/7\/2026).<\/p>\n
He revealed that within the next month, the four investment managers\nwill be merged into a single entity. The merger process is part of a\nstreamlining programme being undertaken by Danantara Indonesia.\nAccording to Dony, the consolidated company will adopt an integrated\nbusiness model expected to broaden investment access for both retail and\ninstitutional investors while offering more competitive investment\nproducts tailored to market needs.<\/p>\n
PT Mandiri Manajemen Investasi President Director Hardiyanto Pilia\nsaid the consolidation will serve as the foundation for establishing a\nnational investment management institution with greater business scale,\ncapability, and governance. \u2018This consolidation is a strategic step to\nbuild a national investment management institution with increasingly\nstrong scale, capabilities, and governance. With that foundation, we are\noptimistic that Indonesia\u2019s investment management industry will become\nmore competitive and able to strengthen investor confidence, both\ndomestically and globally,\u2019 he said.<\/p>\n
Hardiyanto added that the merged company will develop various\nthematic investment products for retail investors and leverage the\ndistribution networks of Himbara banks to expand product distribution.\nThe move is seen as aligned with the growth in the number of national\nSingle Investor Identification (SID) accounts, which has surpassed 20\nmillion investors. In the institutional segment, the company will\nbroaden its investor base and deliver more comprehensive investment\nsolutions for various domestic institutions.<\/p>\n
PT BRI Manajemen Investasi President Director Arief Budiman said the\nmerger of the four investment managers is a momentum to deepen retail\nmarket penetration. As of June 2026, BRI MI managed funds of Rp 52.61\ntrillion. \u2018With the strength of distribution networks and a continuously\ngrowing retail investor base, this merger will broaden public access to\ntrusted investment products while accelerating the deepening of the\ncapital market,\u2019 he stated.<\/p>\n
PT BNI Asset Management President Director Ari Adil added that BNI\nAM, which has an AUM of Rp 29.59 trillion, will strengthen the\nconsolidated company\u2019s capabilities through synergy of investment\nexpertise, product innovation, and enhanced governance. Meanwhile, PT\nPNM Investment Management President Director Ade Santoso Djajanegara\nsaid PNM IM\u2019s experience in developing inclusive investment with an AUM\nof Rp 10.31 trillion will complement the new entity\u2019s strength in\nexpanding access to investment services for the public.<\/p>\n
According to DAM, the integration process will be carried out in\nstages, prioritising prudential principles, regulatory compliance, and\nmaintaining service continuity for customers and business partners. The\ncompany is optimistic that the consolidation will give birth to one of\nIndonesia\u2019s largest investment management companies, capable of driving\nthe growth of the fund management industry while strengthening the\nnational capital market.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/danantara-takes-over-four-state-owned-investment-managers-1784814632", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }