Danantara Merges Four State-Owned Investment Managers, Mandiri Manajemen Investasi to Become Main Entity

Danantara is merging four state-owned asset management companies into one entity under Mandiri Manajemen Investasi, as part of efforts to strengthen the transformation of state asset management. “Streamlining is not the end goal. The most important thing is how the restructured state-owned assets can be managed more optimally, more productively, and truly create added value for the country,” said Danantara COO and Head of the State-Owned Enterprises Supervisory Board Dony Oskaria in an official statement from Jakarta on Wednesday. The four state-owned asset management firms to be merged are PNM Investment Management, BNI Asset Management, BRI Manajemen Investasi, and Mandiri Manajemen Investasi. Mandiri Manajemen Investasi will become the surviving entity. This consolidation is part of efforts to build a more integrated, efficient, and professional asset management platform to optimise the value of state assets. The decision was taken in a meeting on Tuesday attended by Danantara CEO and Minister of Investment and Downstreaming/Head of BKPM Rosan Roeslani, COO Danantara and Head of BP BUMN Dony Oskaria, and CIO Danantara Pandu Sjahrir. During the meeting, Danantara leaders 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.