Merger of Four State-Owned Asset Management

JAKARTA - Danantara Indonesia is merging or merging four state-owned asset management companies into one entity as part of the transformation of state asset management.

The four SOEs in question are PNM Investment Management, BNI Asset Management, Mandiri Investment Management (surviving entity) and BRI Investment Management.

This step was taken to build a more integrated, efficient, and professional asset management platform so that it can optimize the value of state assets.

The decision was agreed upon in a meeting held on Tuesday, July 7. The meeting was attended by Danantara's CEO and Minister of Investment and Industrialization/Head of BKPM Rosan Roeslani, Danantara's COO and Head of BP BUMN Dony Oskaria, and Danantara's CIO Pandu Sjahrir.

Through this consolidation, Danantara will form the largest asset management company in Indonesia. The entity is expected to be able to integrate the asset portfolio, strengthen capabilities and governance, increase management efficiency, and increase investment attractiveness.

COO Danantara Dony Oskaria emphasized that through this consolidation, Danantara will form the largest asset management company in Indonesia. The entity is expected to be able to integrate the asset portfolio, strengthen capabilities and governance, increase management efficiency, and increase investment attractiveness.

Furthermore, Dony said that the simplification of the company's structure was not the main goal of the consolidation process. According to him, the main focus is to ensure that SOEs' assets can be managed more productively so as to generate greater value for the country.

"Streamlining is not the ultimate goal. The most important thing is how to manage the assets of SOEs that have been arranged can be managed more optimally, more productively, and really create added value for the country," said Dony in an official statement, Tuesday, July 7.

Through the establishment of the largest asset management company in Indonesia, Danantara confirms its commitment to building a more integrated, professional, and value-oriented state asset management system.

"This step is expected to increase the productivity of state-owned assets, strengthen investor confidence, and make a greater contribution to national economic growth," he said.