Barclays not in talks to sell BGI

LONDON (Reuters) - Barclays is not in talks to sell its asset management arm Barclays Global Investors (BGI), a person familiar with the matter said, after a report the business could be sold.

Alphaville, FT.com's blog, said Barclays was in detailed discussions with a consortium buyer to sell BGI for about 5 billion pounds, citing sources.

The person familiar with the matter told Reuters the bank was not looking to sell the business and was not in talks.

Barclays declined to comment.

(Reporting by Steve Slater and Sitaraman Shankar)