Utilize the input text as a context reference, choose the right relationship between Macquarie Group and asset management from the options. Options: 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.

The securities asset management arm of Macquarie Group Ltd appointed Peter Douvos as head of EMEA consultant relations, based in London.

Answer: product_or_material_produced