Danantara Merges Four State Asset Managers Under Mandiri Investasi

Indonesia's state-owned enterprise holding company, Danantara, has officially merged four of its asset management firms into a single, dominant entity: Mandiri Manajemen Investasi. The move, finalized on Tuesday, July 7, 2026, is designed to bolster the transformation and oversight of the nation's state assets.

Dony Oskaria, COO of Danantara and Head of the State-Owned Enterprise Body (BP BUMN), emphasized that the consolidation is not merely about streamlining operations. "Streamlining is not the end goal," he stated. "The most important thing is how the state assets, once organized, can be managed more optimally, more productively, and truly create added value for the country."

The four companies brought under Mandiri Manajemen Investasi are PNM Investment Management, BNI Asset Management, BRI Manajemen Investasi, and Mandiri Manajemen Investasi itself, which will serve as the surviving entity. This strategic consolidation was agreed upon during a meeting attended by key leaders, including CEO of Danantara and Minister of Investment Rosan Roeslani, and CIO Pandu Sjahrir. The merger is expected to create a more integrated, efficient, and professional asset management platform, ultimately enhancing the value of state assets.