From Himbara to Danantara: The Roar of the New Engine for State Fund Management

The consolidation of investment managers owned by Himbara into Danantara Asset Management (AM) signifies a new phase in the management of substantial state funds, now operating within a single integrated engine. This step is expected to boost Danantara AM’s competitiveness in asset management in Indonesia and the region. This news has actually been circulating since October, when Danantara was said to merge the subsidiaries of PT Bank Rakyat Indonesia (Persero) Tbk. (BBRI), PT Bank Mandiri (Persero) Tbk. (BMRI), and PT Bank Negara Indonesia (Persero) Tbk. (BBNI) that operate in the investment management sector.