Asian fund industry M&A activity in 2006

July 27 (Reuters) - Swiss investment bank UBS AG (UBSN.VX: Quote, Profile, Research) said on Thursday it will buy a 51 percent stake in the fund management arm of South Korea's Hana Financial Group (086790.KS: Quote, Profile, Research) for up to $190 million.

The transaction adds to an active year for mergers and acquisitions in the global fund management sector.

There were 89 such deals worth $13.5 billion in the first half of 2006, up from 59 deals worth $8.3 billion in the year earlier period, according to a recent study by investment bank Putnam Lovell NBF Securities.

Below is a list of transactions in Asia's fund management industry since the start of 2006:

July 17 - Dutch financial services group ING Groep NV (ING.AS: Quote, Profile, Research)(ING.N: Quote, Profile, Research) agrees to buy ABN AMRO's (AAH.AS: Quote, Profile, Research) Taiwanese domestic asset management business for up to 68 million euros ($86 million), boosting its position as the market's top fund manager.

June 1 - Singapore's biggest bank, DBS Group Holdings (DBSM.SI: Quote, Profile, Research) says it will buy a 33 percent stake in a China's Changsheng Fund Management from existing shareholders for about S$34.4 million ($21.8 million).

April 28 - ABN AMRO (AAH.AS: Quote, Profile, Research) boosts its stake in its Chinese asset management joint venture to the legal maximum of 49 percent from 33 percent. Financial details are not disclosed.

April 26 - Japan's Sparx Asset Management Co. Ltd (8739.Q: Quote, NEWS, Research), Asia's largest hedge fund firm, says it will buy fellow hedge fund manager, Hong-Kong based PMA Capital Management Ltd., for $226.4 million in cash and stock.

March 3 - Lender Credit Suisse (CSGN.VX: Quote, Profile, Research) says it agrees to buy a 30 percent stake in the asset management arm of Woori Financial Group (053000.KS: Quote, Profile, Research) for $56 million, marking its first foray into South Korea's asset management market.