Danareksa Investments Launched: Indonesia's Largest Asset Management Firm

PT Danareksa Investment Management Indonesia (Danareksa Investments) officially launched on November 11, 2026, following the legal merger date of October 1, 2026, which consolidated four state-owned investment management companies: PT Mandiri Manajemen Investasi, PT BRI Manajemen Investasi, PT BNI Asset Management, and PT PNM Investment Management. This consolidation positions Danareksa Investments as the largest asset management firm in Indonesia, managing assets worth Rp 172.5 trillion.

Hardiyanto Pilia, the acting CEO of Danareksa Investments, highlighted the significance of this merger, saying that with Rp 172 trillion, they are now the largest in Indonesia as a result of the merger. The firm also manages an additional Rp 13 trillion under an advisory scheme, bringing its total assets under management (AUM) to a substantial level.

“Hardiyanto Pilia said that with Rp 172 trillion, they are now the largest in Indonesia as a result of the merger.”Hardiyanto Pilia, Acting CEO, Danareksa Investments

Danareksa Investments boasts a diverse investor base, comprising around 1 million retail investors and 375 institutional clients. The company offers a wide range of investment products, totaling 110 types of mutual funds, including equity funds, fixed income funds, mixed funds, money market funds, and index funds.

Rosan Roeslani, CEO of BPI Danantara, emphasized the potential for growth in Indonesia's asset management industry, noting that the current asset management ratio to Gross Domestic Product (GDP) is only about 5%, significantly lower than in countries like India, Malaysia, and Thailand, where the ratios are much higher. He said the potential for growth in the asset management sector is still very large in the future.

“Rosan Roeslani said the potential for growth in the asset management sector is still very large in the future.”Rosan Roeslani, CEO, BPI Danantara

Looking ahead, Danareksa Investments aims to expand its AUM to between Rp 192 trillion and Rp 200 trillion by 2027. This target represents an increase of approximately 11% to 16% from its current AUM. The company plans to attract global investors by leveraging its subsidiary in Singapore, which will facilitate offshore investments.

“Rosan Roeslani noted that trust and confidence are crucial in the financial services business, and growth in AUM must be accompanied by strong governance and integrity.”Rosan Roeslani, CEO, BPI Danantara

Rosan also pointed out that the consolidation is expected to enhance governance, transparency, and accountability within the firm, thereby fostering greater trust among investors. He noted that trust and confidence are crucial in the financial services business, and growth in AUM must be accompanied by strong governance and integrity.

Moreover, the merger aims to provide alternative funding sources in Indonesia, which heavily relies on banking for approximately 87% of its financing. The establishment of Danareksa Investments is seen as a step toward diversifying investment opportunities for the public.