Trump picks investment banker Warren Stephens as UK ambassador

President-elect Donald Trump has nominated businessman Warren Stephens to serve as America’s ambassador to the United Kingdom.

“Warren has always dreamed of serving the United States full time,” Trump said in a statement on Truth Social. “I am thrilled that he will now have that opportunity as the top diplomat, representing the USA to one of America’s most cherished and beloved allies.”

Stephens, who is CEO of private investment bank Stephens Inc, donated millions to Trump’s re-election campaign this year.

If his nomination is successful, Stephens will help to maintain the so-called “special relationship” between the US and the UK.

The role of US ambassador to the UK is one of the most coveted diplomatic positions, and presidents have been known to bestow the role to prominent backers.

During his first term in office, Trump appointed Woody Johnson, a top Republican donor and owner of the American football team the New York Jets, as UK ambassador.

Barack Obama chose long-time Democratic Party fundraiser and lawyer Louis Susman as his first emissary to the UK - or the Court of St James.