Danantara Merges Four State Asset Managers, Mandiri Investasi to Survive

The Danantara Investment Management Agency (BPI Danantara) has officially merged four state-owned asset management companies into a single entity. The consolidated firms are PNM Investment Management, BNI Asset Management, Mandiri Manajemen Investasi, and BRI Manajemen Investasi. In this corporate action, Mandiri Manajemen Investasi will serve as the surviving entity. Dony Oskaria, Head of the Supervisory Board for State-Owned Enterprises (BP BUMN), stated that through this merger, Danantara will possess the largest asset management company in Indonesia, capable of integrating asset portfolios, strengthening capabilities and governance, increasing management efficiency, and enhancing investment appeal. ‘Streamlining is not the end goal. The most important thing is how the restructured state assets can be managed more optimally, more productively, and truly create added value for the country,’ Dony said in an official statement on Wednesday. The decision was taken in a meeting attended by Danantara CEO and Minister of Investment and Downstreaming/Head of BKPM Rosan Roeslani, Danantara COO and Head of BP BUMN Dony Oskaria, and Danantara CIO Pandu Sjahrir. This consolidation is also expected to optimise the utilisation of state assets to provide greater added value and economic contribution to national development. Through the formation of the largest asset management company in Indonesia, Danantara reaffirms its commitment to building a more integrated, professional, and value-creation-oriented state asset management system. The step is expected to increase the productivity of state-owned assets, strengthen investor confidence, and provide a greater contribution to national economic growth.