What is the relationship between Macquarie Group and Esanda in the context of the input sentence. Choose an answer from: product/material produced; manufacturer; distributed by; industry; position held; original broadcaster; owned by; founded by; distribution format; headquarters location; stock exchange; currency; parent organization; chief executive officer; director/manager; owner of; operator; member of; employer; chairperson; platform; subsidiary; legal form; publisher; developer; brand; business division; location of formation; creator.

Mr Elliott downplayed suggestions that ANZ's $8.2 billion sale last week to Macquarie Group of its Esanda dealer finance business was motivated by a desire to boost capital levels, indicating that the business was sold because it was off strategy, given it did not involve fostering customer relationships.

Answer: subsidiary