Merger of 4 state-owned MI firms into Danareksa keeps portfolios, jobs
The merged entity will manage Rp172.5 trillion in assets with about 280 employees and take legal effect on Oct. 1, 2026.
The merger of four state-owned investment managers into PT Danareksa Investment Management Indonesia will not force changes to mutual fund portfolios and will not involve layoffs. Danareksa Investments Director of Investments Ari Adil said the corporate action takes place at the investment manager level, so products will continue to be managed according to their respective mandates. He said each product's net asset value will remain independently maintained by the custodian bank. BPI Danantara CEO Rosan Roeslani added that all of the roughly 280 employees will be retained after the merger. The four companies are PT Mandiri Manajemen Investasi, PT BRI Manajemen Investasi, PT BNI Asset Management, and PT PNM Investment Management. The merger will take legal effect on Oct. 1, 2026, with Mandiri Manajemen Investasi as the surviving entity. After the consolidation, Danareksa Investments' assets under management will reach Rp172.5 trillion.