Trump Names Businessman Warren Stephens for US Ambassador to UK

Office workers and commuters walking across a bridge in Canary Wharf in London on Oct. 6, 2021. Victoria Jones/PA

President-elect Donald Trump has nominated Warren Stephens, a prominent investment banker and philanthropist, to be America’s next ambassador to the United Kingdom, pending Senate confirmation.

“Warren has always dreamed of serving the United States full time,” Trump said in a Dec. 2 post on social media. “I am thrilled that he will now have that opportunity as the top Diplomat, representing the U.S.A. to one of America’s most cherished and beloved Allies.”

Stephens, 67, serves as the chairman, president, and CEO of Stephens Inc., a privately held financial services firm based in Little Rock, Arkansas. Under his leadership, the firm expanded into major U.S. markets and established European offices in London and Frankfurt, making it a global player in financial services.

Stephens has also been an advocate for capitalism, frequently speaking about its role in reducing poverty, creating jobs, and stabilizing communities.

Stephens’s duties as ambassador would include strengthening ties between the two nations, promoting American economic interests, and working collaboratively on challenges of mutual concern. If confirmed, Stephens will succeed Jane Hartley, who has held the position since 2022.

The UK is a key ally of the United States, with a longstanding “special relationship” rooted in shared history, cultural ties, and cooperation on global security, trade, and diplomacy. This partnership has been critical on issues ranging from NATO operations to global economic stability, with both nations frequently aligning on international policies and initiatives.

Stephens’s appointment comes at a time of increased uncertainty on the trade front. Trump has pledged to impose tariffs on all foreign imports, including those from the UK. While details regarding the UK have not been fully outlined, Trump has suggested a blanket tariff of 10 percent on all imports, with higher rates for certain countries.

This proposal has raised concerns among British politicians and business leaders about potential impacts on trade and economic relations between the two nations. They have indicated they would work diligently to dissuade Trump from implementing measures that they said could restrict U.S. market access for British goods.

Trump’s praise for Stephens—including his financial expertise and philanthropic experience—hints at the president-elect’s conviction that Stephens can provide a steady hand in these negotiations and be instrumental in maintaining the vitality of the “special relationship” between the United States and the United Kingdom.

Like most other Cabinet picks, Stephens faces Senate confirmation hearings, where lawmakers will assess his ability to navigate the complexities of his prospective post.