Indonesian investment manager Danareksa eyes $11b AUM by 2027

Résumé détaillé

Indonesia’s newly consolidated state-owned investment manager Danareksa Investment Management Indonesia is looking to increase its assets under management (AUM) to 192-200…

Indonesia’s newly consolidated state-owned investment manager Danareksa Investment Management Indonesia is looking to increase its assets under management (AUM) to 192-200 trillion rupiah ($10.5-11 billion) in 2027. It had an AUM of 172.5 trillion rupiah ($9.5 billion) as of November 5, 2026.

Danareksa operates under Danantara Asset Management (DAM), a strategic operational and management entity under sovereign wealth fund Danantara Indonesia.

Danareksa was formed following the merger of four state-owned asset management companies—PT Mandiri Manajemen Investasi, BNI Asset Management, BRI Manajemen Investasi, and PNM Investment Management—on October 1.

The combined entity operates under the investment management licence of Mandiri Manajemen Investasi, the sole surviving entity in the merger.

Hardiyanto Pilia, director of finance and operations and acting president director of Danareksa Investment Management Indonesia, said the consolidation was intended to create a larger investment management platform serving institutional and retail investors.

“Hopefully, we can become the largest investment manager in Indonesia and provide solutions for all segments of society and institutions,” he said at a media event in Jakarta on Wednesday (November 11).

The company has more than 375 institutional investors and approximately one million retail investors, supported by 56 distribution partners comprising banks, securities firms and technology-based companies.

Its combined portfolio comprises 110 mutual funds, 117 discretionary fund management contracts, 12 limited participation mutual funds, five exchange-traded funds (ETFs), two asset-backed securities collective investment contracts and 10 housing savings fund collective investment contracts (KIK Tapera).

The company is led by Pilia, alongside Arief Budiman as director of marketing and products, Ari Adil as director of investments, and Ade Santoso Djajanegara as director of risk management and compliance.

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