Danantara Merges Four State-Owned Asset Managers into Mandiri MI
Danantara is merging four state-owned asset management companies into a single entity under Mandiri Manajemen Investage as part of an effort to strengthen the transformation of state asset management.
“Streamlining is not the end goal. The most important thing is how the restructured SOE assets can be managed more optimally, more productively, and truly create added value for the country,” said Dony Oskaria, COO of Danantara and Head of the SOE Agency, in an official statement confirmed from Jakarta on Wednesday.
The four state-owned asset management companies to be merged are PNM Investment Management, BNI Asset Management, BRI Manajemen Investasi, and Mandiri Manajemen Investasi. Mandiri Manajemen Investasi will serve as the surviving entity.
This consolidation is part of an effort to build an asset management platform that is more integrated, efficient, and professional in order to optimise the value of state assets.
The decision was made during a meeting on Tuesday (7/7) attended by the CEO of Danantara and Minister of Investment and Downstreaming/Head of BKPM, Rosan Roeslani; the COO of Danantara and Head of the SOE Agency, Dony Oskaria; and the CIO of Danantara, Pandu Sjahrir.
During the meeting, Danantara’s leadership agreed on the merger of the four state-owned asset management companies as a strategic step to strengthen the institutional structure and asset management under Danantara.
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 attractiveness.
This consolidation is also expected to optimise the utilisation of state assets, thereby providing added value and a greater economic contribution to national development.
By forming the largest asset management company in Indonesia, Danantara reaffirms its commitment to building a state asset management system that is more integrated, professional, and value-oriented. This move is expected to increase the productivity of SOE assets, strengthen investor confidence, and provide a larger contribution to national economic growth.