Why Four State-Owned Asset Management Firms Are Being Merged into Mandiri MI

Chief Operating Officer of the Daya Anagata Nusantara Investment Management Agency (Danantara) and Head of BP BUMN, Dony Oskaria, has revealed the rationale behind merging four state-owned asset management companies into a single entity under Mandiri Manajemen Investasi. The move is an effort 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,” Dony said in an official statement from Jakarta on Wednesday, 8 July 2026. The four state-owned asset management firms to be merged are PNM Investment Management, BNI Asset Management, BRI Manajemen Investasi, and Mandiri Manajemen Investasi, with Mandiri Manajemen Investasi becoming the surviving entity. The 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 taken in a meeting on Tuesday, 7 July 2026, attended by Danantara CEO and Minister of Investment and Downstream Industry/Head of BKPM Rosan Roeslani, COO Danantara and Head of BP BUMN Dony Oskaria, and CIO 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 have the largest asset management company in Indonesia, capable of integrating asset portfolios, strengthening capabilities and governance, increasing management efficiency, and enhancing 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 establishing the largest asset management company in Indonesia, Danantara is committed to building a more integrated, professional, and value-creation-oriented state asset management system. This step is expected to increase the productivity of state-owned assets, strengthen investor confidence, and provide a greater contribution to national economic growth.