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IBM Macro Assembler is an IBM OEM rebranded release of Microsoft Macro Assembler, and was intended only for use with the IBM PC.
ASM86 is a tool that compiles 8088/8086 assembler mnemonics in to machine code. The resulting machine code modules must then be processed by the separate Intel iAPX 86-88 Family Utilities.
The Microsoft Macro Assembler (MASM) is an x86 assembler that uses the Intel syntax for MS-DOS and Microsoft Windows. For a time, it competed with Borland Turbo Assembler. IBM re-branded early versions under the name IBM Macro Assembler. Later versions were bundled with Microsoft Visual Studio.