Trump Nominates Billionaire Warren Stephens as UK Ambassador

The investment banker and Republican donor will represent the U.S. in London, pending Senate confirmation.

Warren Stephens, CEO of Arkansas-based Stephens Inc., has been nominated by President-elect Donald Trump to serve as the U.S. ambassador to the United Kingdom.
Stephens, a billionaire investment banker, is a longtime Republican donor who has supported both Trump and his rivals in past elections.
The ambassadorship to the UK is a prestigious diplomatic position, often awarded to prominent political backers by U.S. presidents.
Stephens’ nomination will require Senate confirmation, which is expected to proceed smoothly given the incoming Republican majority.
Trump praised Stephens for his business success and philanthropy, highlighting the 'special relationship' between the U.S. and the UK in his announcement.