26 July 2012 6:56am

Macquarie Group has been identified as a possible buyer of Dexia Asset Management, the investment division of the European bank Dexia, which is being restructured under public ownership.

Dexia has more than €80 billion in assets under management and operates in two dozen countries. Two other suitors, named in a Bloomberg report this week, are New York Life Insurance Co and a Chinese consortium comprising Hony Capital and GCS Capital (HK)...