Published on April 29, 2026, by Kontan
By Leni Wandira
KONTAN.CO.ID – JAKARTA. The government is preparing a major transformation of PT Danareksa. The state-owned company will be returned to its primary function as an asset manager and move away from its current mixed business model.
Dony Oskaria, Head of BP BUMN and COO of Danantara Indonesia, stated that this step is part of a comprehensive restructuring of state-owned enterprises (SOEs), which is currently underway.
“For example, Danareksa will no longer be a holding company, which is currently in disarray. So, they have everything from construction to industrial estates; these will be separated one by one,” he said.
To date, Danareksa has been considered to have an overly diverse business portfolio, ranging from infrastructure and industrial estates to financial services. This situation has made the company’s business direction unfocused.
“Because now it’s difficult to identify its business model. They have construction, PPA, financial services, clearing houses, and estate services. It’s a mishmash,” said Dony.
Through this restructuring, all non-core subsidiaries will be gradually divested. After that, Danareksa will be consolidated into a stronger asset management company through the merger of several entities.
“Previously, we were small, but now we’re uniting them. And that will become the number one asset management company in Indonesia,” he emphasized.
According to Dony, this transformation also leverages Danareksa’s long track record as one of the oldest financial institutions in Indonesia. By returning to its original mission, the company is expected to be able to compete in the increasingly competitive asset management industry.
“Danareksa has a long history. So it will return to being an asset management company,” he added.
The separation process for its subsidiaries is targeted for completion in the near future. The government is even targeting the initial stages of Danareksa’s restructuring to be completed this May.
“It will be announced later; everything will be completed. Danareksa’s subsidiaries will leave. Then Danareksa will revert to being an asset management company,” Dony explained.
This step is part of a larger SOE consolidation agenda targeted for completion this year, in line with President Prabowo Subianto’s directive.
With a new focus on asset management, Danareksa is expected to not only be more efficient but also become a key player in national asset management, including supporting the financing of strategic government projects.