 Fürst Fugger Privatbank was founded when Friedrich Carl Fürst Fugger-Babenhausen acquired the small bank Friedl & Dumler GmbH in 1954.However, the bank only received its current in 1994.Since 1999, Fürst Fugger Privatbank has been majority owned by the Nürnberger Versicherungsgruppe insurance company, although prince Hubertus Fugger-Babenhausen still holds a stake.