On Monday, President-elect Donald Trump nominated businessman Warren Stephens to serve as the U.S. ambassador to the United Kingdom. 

The latest in a slew of people Trump has tapped to helm his incoming administration, Stephens is a billionaire investment banker and the chairman, president, and CEO of Stephens Inc. Headquartered in Little Rock, Arkansas, the privately owned diversified financial services firm has offices overseas, including in London. 

Trump called Stephens “one of the most successful businessmen in the country” and announced that he had nominated the investment banker as “the United States Ambassador to the court of St. James’s, a role in which he will act as our representative to the United Kingdom.” 

“Warren has always dreamed of serving the United States full time,” Trump continued in a post to Truth Social on Monday evening. “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.”

The U.K. is one of America’s closest allies. Jane Hartley, the current ambassador to the U.K., has held the position since 2022. 

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Stephens, a long-time donor to Republican political candidates, will need to be confirmed by the Senate before he clinches the ambassadorship. 

Unlike some of Trump’s other nominees, including Robert F. Kennedy Jr. and Pete Hegseth, Stephens will likely face a relatively smooth confirmation voting process.