RRI.CO.ID, Jakarta – PT Danantara Asset Management has officially taken control of four state-owned investment management companies with total assets under management (AUM) reaching USD 9.5 billion, equivalent to Rp170 trillion, as of June 2026. The signing of the Share Purchase Agreement, which took place in Jakarta on Wednesday, July 22, 2026, covers the acquisition of PT Mandiri Manajemen Investasi, PT BRI Manajemen Investasi, PT BNI Asset Management, and PT PNM Investment Management.

This corporate action serves as the initial foundation before the four entities are merged into a single company within the next month, creating the largest asset management firm in Indonesia. This consolidation aims to streamline operations, expand investment access for both retail and institutional investors, and boost the competitiveness of the national fund management industry on the international stage.

Danantara Indonesia’s Chief Operating Officer, Dony Oskaria, emphasized that this integration extends beyond a simple stock acquisition. Instead, it represents a major strategic move to build greater operational efficiency and more robust governance.

“This is a major step toward strengthening the national investment management industry. These four companies possess extensive experience, networks, and capabilities, and collectively manage more than Rp170 trillion in assets. Danantara Indonesia will ensure that all these strengths are channeled through improved strategies and governance so that the industry can grow stronger, become more competitive, and deliver greater added value to the Indonesian economy,” Dony said, as quoted in a written press release received on Thursday, July 23, 2026.

The foundation of this integration leverages the inherent strengths of each entity, ranging from the distribution networks of Himbara banks to their penetration into the retail investor base, which now exceeds 20 million Single Investor Identification (SID) holders across Indonesia. This move is projected to deepen capital market penetration while expanding the reach of services into the inclusive investment segment.

The President Director of PT Mandiri Manajemen Investasi, Hardiyanto Pilia, expressed similar optimism regarding the prospects of this consolidation. According to him, the growing retail investor base and strengthening institutional confidence will position the merged entity as the investment partner of choice for millions of Indonesians.

This phased integration is expected not only to deliver economies of scale but also to ensure the continuity of services for all existing customers and business partners. By prioritizing the principles of prudence and regulatory compliance, this new entity is poised to become a key driver of growth in the national capital market.