Danantara to Establish State-Owned Securities Holding Company

Jakarta, CNBC Indonesia - The Badan Pengelola Investasi Daya Anagata Nusantara (BPI Danantara) will merge state-owned securities companies and form them into a holding company. Managing Director of Stakeholders Management at Danantara Indonesia, Rohan Hafas, stated that this means the securities companies, which have previously been under banking institutions, will be separated. “The acquisition means they will stand alone as their own state-owned enterprise. Not under the banks. So it will be its own holding,” he said when met at Wisma Danantara in Jakarta, quoted on Friday (10/4/2026). Rohan mentioned that the assets, which have become too large, are one of the reasons for separating the securities companies from Himbara. “That’s because their size has grown large. From the past until now. Previously, they were subsidiaries of a bank. Mandiri Sekuritas, BNI Sekuritas, and so on. Now, they are already worthy. Perhaps so that there aren’t too many deviating thoughts in thinking,” he explained. The fate of the securities companies will be similar to the Islamic banking units of Himbara banks, which are now PT Bank Syariah Indonesia Tbk (BRIS). “It’s the same as Bank Syariah Indonesia. Now it’s its own state-owned enterprise. Why? Because the assets are already huge, hundreds of trillions. Even though it started as Bank Syariah Mandiri. A subsidiary of Mandiri, and so on. From small to big,” he said. Rohan further explained that separating the securities companies from banking will allow for quicker decision-making. “They can make decisions faster, because they don’t have to go through the parent company,” he added. Unfortunately, the party has not yet been able to elaborate in detail on the asset size and who will lead the holding. “Yes, it will be announced later, because there are various things, it’s not just about size, there are technical aspects. (Criteria for the parent holding) It could be assets, or not assets, could be management, could be this and that. Could be the portfolio, not the assets, the type of portfolio, so later,” he concluded.