Maybank has announced that its Indoensian unit, Maybank Indonesia is establishing itself as a Financial Conglomeration Holding Company (Perusahaan Induk Konglomerasi Keuangan/PIKK) after shareholders approved the acquisition of majority stakes in three financial services entities.
The approval was granted at Maybank Indonesia’s Extraordinary General Meeting of Shareholders (EGMS) held on June 29, 2026.
The approved acquisitions involve PT Maybank Asset Management, PT Maybank Sekuritas Indonesia and PT Asuransi Etiqa Internasional Indonesia, forming part of the establishment of the Maybank Financial Conglomerate in Indonesia.
The share acquisitions were carried out after Maybank Indonesia obtained approvals from the respective sectoral regulators overseeing each entity.
The move aligns with Financial Services Authority (OJK) Regulation on Financial Conglomerates and Financial Conglomeration Holding Companies, strengthening Maybank Indonesia’s governance, oversight and operational framework.
Following completion of the acquisitions, the Maybank Indonesia financial conglomerate will comprise:
- PT Bank Maybank Indonesia Tbk as the Financial Conglomeration Holding Company (PIKK);
- PT Maybank Sekuritas Indonesia;
- PT Maybank Asset Management;
- PT Asuransi Etiqa Internasional Indonesia;
- PT Maybank Indonesia Finance; and
- PT Wahana Ottomitra Multiartha Tbk (WOM Finance).
Shareholders also approved amendments to Maybank Indonesia’s Articles of Association to support the new structure and ensure compliance with OJK requirements.
Maybank President and Group Chief Executive Officer Dato’ Sri Khairussaleh Ramli said the establishment of Maybank Indonesia as a Financial Conglomeration Holding Company marks an important milestone in advancing the group’s ROAR30 strategy and strengthening its position as a leading ASEAN financial services group.
