PETALING JAYA: PT Bank Maybank Indonesia Tbk (Maybank Indonesia) has taken a major step in strengthening its integrated financial services platform after shareholders approved its establishment as the Operational Financial Conglomeration Holding Company (Perusahaan Induk Konglomerasi Keuangan) for the Maybank Financial Conglomerate in Indonesia.
The approval was obtained at the bank’s shareholder EGM held on June 29, paving the way for Maybank Indonesia to acquire majority stakes in PT Maybank Asset Management, PT Maybank Sekuritas Indonesia and PT Asuransi Etiqa Internasional Indonesia.
The acquisitions were completed after securing approvals from the respective sectoral regulators overseeing each entity within the Maybank Financial Conglomerate.
The move aligns with Indonesia’s Financial Services Authority (OJK) Regulation No 30 of 2024 on Financial Conglomerates and Financial Conglomeration Holding Companies, enabling Maybank Indonesia to integrate its banking, asset management, securities, insurance and financing businesses under a single governance, oversight and operating framework.
Following the restructuring, the financial conglomerate will comprise Maybank Indonesia as the holding company, together with PT Maybank Sekuritas Indonesia, PT Maybank Asset Management, PT Asuransi Etiqa Internasional Indonesia, PT Maybank Indonesia Finance and PT Wahana Ottomitra Multiartha Tbk.
Shareholders also approved amendments to Maybank Indonesia’s Articles of Association to support the new structure and ensure compliance with the latest regulatory requirements.
President and group chief executive of Malayan Banking Bhd
or Maybank, Datuk Seri Khairussaleh Ramli, described the establishment of Maybank Indonesia as a Financial Conglomeration Holding Company as an important milestone in advancing the group’s Roar30 strategy, and reinforcing its position as a leading financial services provider in Asean.
“By bringing together our banking, wealth management, securities and insurance businesses, we will be better positioned to deliver seamless and customer-centric financial solutions that meet the evolving needs of individuals and businesses across Indonesia,” he said.
Maybank Indonesia president director Steffano Ridwan said the new structure represents more than a corporate reorganisation.
He added that it would enhance collaboration across the group’s businesses.
“We would like to thank OJK for its guidance and support throughout this process,” he said.
“This Financial Conglomerate strengthens our ability to generate greater synergies across the group’s entities, accelerate innovation and drive sustainable growth, while creating long-term value for all stakeholders in line with our Humanising Financial Services mission.”
Separately, Maybank announced its commitment to mobilise US$73bil (RM298bil) in sustainable finance across Asean by 2030, raising its ambition as it continues to support what it describes as a responsible and orderly transition that drives long-term growth and resilience.
Citing Khairussaleh, Bernama in a report said the refreshed target builds on the group’s achievement of mobilising about US$43bil in sustainable finance as of 2025, exceeding its earlier commitment and demonstrating the growing momentum across the region.
