Danantara Merges Four State-Owned Asset Managers into Mandiri MI

Danantara is merging four state-owned enterprise (SOE) asset management companies into one entity under Mandiri Manajemen Investasi as part of efforts to strengthen the transformation of state asset management. The four companies being consolidated are PNM Investment Management, BNI Asset Management, BRI Manajemen Investasi, and Mandiri Manajemen Investasi, with Mandiri Manajemen Investasi serving as the surviving entity. This consolidation is part of an effort to build a more integrated, efficient, and professional asset management platform to optimise the value of state assets. The decision was made in a meeting attended by Danantara CEO and Minister of Investment and Downstreaming Rosan Roeslani, COO and Head of the SOE Ministry Dony Oskaria, and CIO Pandu Sjahrir. Through this merger, Danantara will possess the largest asset management company in Indonesia, capable of integrating asset portfolios, strengthening capabilities and governance, improving management efficiency, and increasing investment appeal. The consolidation is also expected to optimise the utilisation of state assets, thereby providing greater added value and economic contribution to national development. By forming the largest asset management company in Indonesia, Danantara reaffirms its commitment to building a more integrated, professional, and value-oriented state asset management system. This move is expected to boost the productivity of SOE assets, strengthen investor confidence, and make a greater contribution to national economic growth.