Indonesia now officially has a jumbo-sized asset manager, PT Danareksa Investment Management Indonesia. The entity under Danantara Indonesia is the result of a merger of Mandiri Manajemen Investasi, BRI Manajemen Investasi, BNI Asset Management and PNM Investment Management.

Size and trust

Danantara Indonesia CEO Rosan Roeslani said size matters in the world of financial institutions. With a larger business scale, the company is expected to compete more strongly and contribute more to the national financial industry. But he stressed that size is not the only determinant of success. "In the financial services industry, investor trust and confidence are a very fundamental aspect," he said after the launch. Rosan was optimistic that the consolidation, backed by an experienced management team, can improve asset management quality and strengthen domestic and international investor confidence.

Business scale

Danareksa Investment Management Indonesia Acting CEO Hardiyanto Pilia said the merger began on 1 October 2026. The consolidation unites each company's strengths, from fund management experience, product development capability and distribution networks to investor base.

Total assets under management (AUM) from the merger are about Rp172 trillion, which Hardiyanto said makes the company one of the largest asset managers in Indonesia. The company also holds an investment advisory license covering funds of about Rp13 trillion. It now serves about one million retail investors and 375 institutional clients, with product distribution supported by 56 partners made up of banks, securities firms and financial technology companies.

"That network is an important asset for widening product marketing while increasing public access to investment," he said.

Products

Marketing and Product Director Arief Budiman said the merger makes the product choice more complete, at about 223 products. They span open-end and closed-end categories, conventional and sharia, and rupiah and US dollar denominations. The portfolio covers equity, fixed income, balanced, money market and index mutual funds, as well as discretionary fund management contracts, private agreements, limited participation, and exchange traded funds (ETFs). By management strategy, there are also active and passive funds, so the company can offer solutions to match each investor's needs, goals and profile.

International access and fund safety

Hardiyanto said investors may gain wider investment access, including in international markets, through its Singapore subsidiary, Reksa Investment Management Singapore. The larger business scale is expected to strengthen portfolio diversification and reduce vulnerability to certain risks.

On fund safety, Investment Director Ari Adil stressed the merger does not change the value or safety of funds. Investment assets remain recorded and held separately at custodian banks that administer assets independently of the asset manager. "The merger process does not affect customers' fund value, number of participation units, or investment portfolios held by investors," he explained.

Sources

• Manajer Investasi Jumbo Danareksa Meluncur, Kelola Dana Rp172 Triliun — Bisnis.com, 12 November 2026 11:21 WIB. https://market.bisnis.com/read/20261112/92/2020774/manajer-investasi-jumbo-danareksa-meluncur-kelola-dana-rp172-triliun