Danamon Wealth Management AUM Grows 20 Percent, Priority Banking Business Further Strengthened
PT Bank Danamon Indonesia Tbk has further strengthened its wealth management business after winning two awards at the Asian Banking & Finance (ABF) Retail Banking Awards 2026. Danamon won the Investment Product Innovation of the Year – Indonesia and Priority Banking Initiative of the Year – Indonesia categories. The awards were announced on 2 July 2026 and mark the third time Danamon has received an award at the Asian retail banking event. The growth reflects increased investment management activity as well as customer demand for more diverse financial products and services.
Ivan Jaya, Consumer Funding & Wealth Business Head at Danamon, said the awards recognise the development of investment solutions and priority banking services tailored to customer needs. “This award is a form of recognition of Danamon’s commitment to delivering innovative and relevant investment solutions, as well as priority banking services designed according to customers’ evolving needs,” Ivan said.
In the Investment Product Innovation of the Year category, Danamon was recognised for developing a more diverse range of investment instruments for customers. One of the steps cited as part of the innovation is the provision of Exchange Traded Funds (ETFs) as an investment instrument for customers. Danamon describes itself as the first bank in Indonesia to offer ETFs as part of its investment options. The product development is supported by an Advisory & Market Strategist team that provides market analysis and a wealth advisory approach based on risk profiles, financial goals, and customers’ long-term needs.
Product diversification is becoming increasingly important for the banking industry because the needs of customers with large managed funds are no longer limited to deposit products. Banks are required to provide a combination of investment instruments and advisory services so that customer funds can be managed according to financial goals. In addition to investments, Danamon provides foreign exchange transaction facilities through D-Bank PRO. The company also offers an “Adu Rate” programme that provides compensation of up to five times the exchange rate difference if a customer finds a more competitive exchange rate than Danamon’s offer.
During the same period, AUM of Danamon Privilege customers increased by around 23 percent. The growth in customer numbers and managed assets shows that competition in the priority banking business is shifting from merely exclusive services towards more integrated wealth management. Through Danamon Privilege, the company provides wealth advisory services, market insights, economic outlooks, as well as investment and protection product options. Customers also gain access to economic discussions and networking activities.
Danamon also combines financial management services with cross-border transaction facilities. Danamon LEBIH PRO savings, for example, allows management of up to 12 foreign currencies in a single account. Meanwhile, the Danamon Global Currency Card is equipped with an Auto Switching Currency feature to support transactions in various countries.
AUM growth is an important indicator because it shows the value of assets entrusted by customers to be managed through various financial instruments. The larger the managed funds, the greater the potential business activity that can be generated from investment, transaction, and financial advisory services. Ivan said Danamon will continue to develop products and services to keep pace with changing customer needs. “Going forward, we will continue to innovate and improve the quality of the solutions and services we provide so that they remain relevant to customers’ increasingly dynamic and evolving needs,” he said.
As part of the MUFG Group, Danamon also has access to a global network and expertise that can support the development of its wealth management business. With AUM and customer growth in the priority segment, the wealth management business is one of the areas with potential for continued growth amid rising public demand for investment diversification and more integrated financial services.