Danantara plans asset manager merger with about Rp85 trillion under management
Four state-owned investment managers will be combined, with Mandiri Manajemen Investasi remaining as the surviving entity.
Indonesia’s BPI Danantara plans to launch Danantara Investment Management Indonesia, or Danantara Investments, by merging four state-owned investment managers. The combined company is expected to have about Rp85 trillion in assets under management, placing it among the country’s largest investment managers.
The merger brings together PT Mandiri Manajemen Investasi, PT BRI Manajemen Investasi, PT BNI Asset Management and PT PNM Investment Management. Mandiri Manajemen Investasi will be the surviving entity in the transaction.
The decision was made at a meeting attended by Danantara chief executive Rosan Roeslani, chief operating officer Dony Oskaria and chief investment officer Pandu Sjahrir. Rosan also serves as investment and downstreaming minister and head of BKPM, while Dony heads BP BUMN.
Dony said the restructuring was intended to make state-owned assets more productive and generate value for the country, rather than simply streamline operations. Danantara said it expected the consolidation to improve asset management, strengthen investor confidence and support national economic growth.
