{
    "success": true,
    "data": {
        "id": 1669829,
        "msgid": "just-like-bsi-danantara-to-merge-asset-managers-with-157-million-acquisition-1775818333",
        "date": "2026-04-10 15:04:06",
        "title": "\u2018Just Like BSI\u2019: Danantara to Merge Asset Managers with $157 Million Acquisition",
        "author": " ",
        "source": "GALERT",
        "tags": "",
        "topic": "Business",
        "summary": "Indonesia's sovereign wealth fund Danantara is acquiring the asset management units of state-owned banks BRI, BNI, and Mandiri for approximately $157 million, aiming to merge them into a single independent holding company. This strategy mirrors the successful 2021 merger of Islamic banking units into Bank Syariah Indonesia (BSI), which has seen its assets grow to $26.7 billion. The move is part of broader efforts to consolidate over 1,000 state-owned enterprises into fewer entities to enhance efficiency, faster decision-making, and alignment with national economic goals.",
        "content": "<p>\u2018Just Like BSI\u2019: Danantara to Merge Asset Managers with $157 Million\nAcquisition<\/p>\n<p>Jakarta. Sovereign wealth fund Danantara wants to merge the state\nasset managers into a single entity in a similar fashion to what\nIndonesia had done to the country\u2019s Islamic banks.<\/p>\n<p>Danantara recently clinched deals to take over the asset management\nunits of state lenders BRI, namely Permodalan Madani Investment\nManagement and BRI Manajemen Investasi. The same goes for BNI Asset\nManagement and Mandiri Manajemen Investasi. The stock exchange filings\nshow that the acquisition deals total roughly Rp 2.7 trillion (around\n$157 million).<\/p>\n<p>\u201cBy acquisition, this means the investment managers will stand alone\nas one single holding, so they will no longer be under the banks [or\nprevious parent companies]. These managers have grown to be pretty big\nin size,\u201d Danantara managing director Rohan Hafas told reporters in\nJakarta on Thursday.<\/p>\n<p>He then likened the situation to Bank Syariah Indonesia (BSI) when\nexplaining the rationale behind the acquisition. In 2021, Indonesia\ncombined the sharia units of the three major state banks, BNI, Mandiri,\nand BRI, into one entity. Rohan said that this move had done wonders.\nBSI\u2019s assets now total nearly Rp 456.2 trillion ($26.7 billion) as of\n2025, up from Rp 408.6 trillion (approximately $23.8 billion) the\nprevious year.<\/p>\n<p>\u201cIt\u2019s the same as BSI. It can now stand on its own with hundreds of\ntrillions of rupiahs worth of assets. It\u2019s just like humans. When people\nreach adulthood, they can earn money and no longer depend on their\nparents,\u201d Rohan said.<\/p>\n<p>\u201cWhy combine them into one [holding]? It\u2019s actually because of faster\nmanagerial decisions that it can create. The [asset managers] don\u2019t have\nto consult with the parent companies first.\u201d<\/p>\n<p>Rohan did not disclose more details on the projected assets once the\nmerger takes place. There was also no mention of a timeline. However,\nthe acquisitions will have to secure regulatory approvals.<\/p>\n<p>Since its inception, Danantara has been trying to consolidate at\nleast 1,000 SOEs into roughly 200 to boost efficiency. BRI corporate\nsecretary Dhanny acknowledged that the acquisition was part of the\nconsolidation efforts within Indonesian state-run enterprises.<\/p>\n<p>\u201cThis initiative aims to establish an asset manager that is more\nintegrated, adaptive, competitive, and capable of creating economic and\nsocial values that align with Indonesia\u2019s long-term agenda,\u201d Dhanny said\nFriday.<\/p>\n<p>Tags: Keywords:<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/just-like-bsi-danantara-to-merge-asset-managers-with-157-million-acquisition-1775818333",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}