Jakarta, 23 July 2026 – PT Danantara Asset Management (“DAM”) has officially signed a Share Purchase Agreement for shares in PT Mandiri Manajemen Investasi (“MMI”), PT BRI Manajemen Investasi (“BRI MI”), PT BNI Asset Management (“BNI AM”), and PT PNM Investment Management (“PNM IM”). This agreement, signed on 22 July 2026, facilitates the transfer of control of these four state-owned investment management companies to DAM.
This strategic acquisition emphasizes DAM’s commitment to fortifying Indonesia’s investment management landscape, thus enhancing its global competitiveness. As of June 2026, the four companies collectively managed assets under management (“AUM”) exceeding IDR 170 trillion. This significant AUM, coupled with the experience and networks of each company, offers a vital opportunity to broaden public access to investment products and boost the competitiveness of Indonesia’s investment management sector.
Dony Oskaria, Chief Operating Officer of Danantara Indonesia, highlighted that this acquisition is more than just a transaction; it represents a pivotal moment in forming a powerful entity within the national investment landscape. He stated, “This merger will position us to utilize the strengths of these four companies, ensuring they deliver enhanced value to Indonesia’s economy.” Within a month, these companies are set to merge into a single giant, marking the largest asset management entity in Indonesia. This integration is part of Danantara’s broader strategy to streamline operations.
The consolidated company will enhance investment access for both retail and institutional investors, providing competitive solutions tailored to the evolving demands of the market. The merger aims to amalgamate the unique strengths and experiences of each firm to create a more formidable and capable institution.
Hardiyanto Pilia, President Director of MMI, expressed optimism about the new entity’s potential to emerge as a leader in the investment management sector. He noted that “this consolidation will fortify governance and operational scale, enhancing investor confidence both domestically and globally.”
In the retail sector, the new entity plans to roll out thematic investment products and leverage the state-owned bank network to increase investment accessibility. The company also aims to bolster its institutional segment by diversifying its investor base and offering comprehensive investment solutions tailored to various local institutions.
Arief Budiman, President Director of BRI MI, described this merger as an opportunity to penetrate the retail market further, highlighting BRI MI’s AUM of IDR 52.61 trillion and its robust retail customer base.
Additionally, Ari Adil, President Director of BNI AM, stressed the importance of the merger for enhancing synergies in investment expertise and innovation. BNI AM’s AUM stands at IDR 29.59 trillion as of June 2026, positioning it as a critical player in the combined entity.
Lastly, Ade Santoso Djajanegara, President Director of PNM IM, underscored PNM IM’s focus on inclusive investment, with an AUM of IDR 10.31 trillion. He emphasized the importance of the collaboration in broadening public access to investment services and promoting sustainable economic growth.
This signing is a significant milestone for Indonesia’s investment management industry. Through a careful, phased integration focused on regulatory compliance and customer service excellence, DAM aims to develop a national investment management institution that is competitive, trustworthy, and a key driver of growth in Indonesia’s capital markets.
About the Companies:
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PT Mandiri Manajemen Investasi (MMI): Established on 26 October 2004, MMI is one of Indonesia’s largest investment management firms with over 21 years of experience, managing a total AUM of IDR 77.86 trillion.
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PT BRI Manajemen Investasi (BRI MI): Founded in 1992, BRI MI has a prominent role in Indonesia’s mutual fund industry, with a total AUM of IDR 52.61 trillion.
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PT BNI Asset Management (BNI AM): A pioneer in investment management, spun off from PT BNI Sekuritas in 2011, with an AUM of IDR 29.59 trillion.
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PT PNM Investment Management (PNM IM): Established in 1996, PNM IM focuses on inclusive investment, managing an AUM of IDR 10.31 trillion.
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Danantara Indonesia: As a governmental entity under Law No. 1 of 2025, Danantara is focused on managing and optimizing state investments to foster economic growth.
For more details, visit Danantara Indonesia.
Contact:
- MMI: corsecteam@mandiri-investasi.co.id
- BRI MI: im-csc@bri-mi.co.id
- BNI AM: clu@bni-am.co.id
- PNM IM: corporate@pnmim.com
- Danantara Indonesia: media@danantaraindonesia.com
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