Prime Minister Browne Names New Ambassador to the People’s Republic of China
BEIJING, People’s Republic of China – September 2, 2014……Prime Minister the Hon. Gaston Browne has announced that Antigua and Barbudan banker and businessman Brian Stuart-Young has been selected by his administration as the Non-Resident Ambassador Designate to the People’s Republic of China.
Brian Stuart-Young is a recognized Caribbean banker and entrepreneur who has demonstrated his commitment to the growth and development of financial services in Antigua and Barbuda. Born in Guyana and resident in Antigua since 1978, his career path led him to investing in financial institutions and related services that support the financial sector. He became the Chairman and CEO of Global Bank of Commerce, Ltd., in Antigua after leading a management buy-out of all its shares in 2002, and restructured the institution on the business pillars of wealth management and technology-driven international financial services. He currently manages the Bank’s corporate head office at Global Financial Centre on Friars Hill Road, and a Bank Branch and Data Centre located at Global Commerce Centre on Old Parham Road.
Prime Minister Browne said that Brian’s wealth of knowledge in business ideally makes him suitable for the position. “He is assuming the role of official point of contact for the Government of Antigua and Barbuda with our major international partner and I am confident that his work will strengthen the ties between our two countries. His first task will be to oversee the establishment of our first Consulate in the People’s Republic of China in under two months.”
In 2013, Global Bank of Commerce became the first Caribbean based bank to become a full member of China Union Pay’s international service known as Union Pay International and, in 2014, GPC established direct connectivity between St. John’s and Shanghai to perform EFT services, facilitating Global Bank of Commerce to issue and acquire UPI transactions and allow GPC to process Union Pay cards and merchants effective from 2014. This is the first demonstration of collaboration between The People’s Republic of China and a Caribbean country in financial services.
Foreign Affairs Minister the Hon. Charles Fernandez outlined that he looks forward to working with Mr. Stuart-Young as he is no stranger to the field of diplomacy. He was a member of the Government’s delegation led by Sir Vere Cornwall Bird Sr. in 1983, on the first official visit to the People’s Republic of China after establishing diplomatic relations.
Mr. Stuart-Young is also a founding shareholder of Caribbean Union Bank, Ltd., a domestic commercial financial institution formed in Antigua and launched in 2006 to provide services in the Eastern Caribbean Currency Union.
Mr. Stuart-Young who was educated in the United Kingdom is also trained in communications and film studies. He is married to his wife, Saskia for 38 years, and both of his children, Justin and Sasha, work in his group of companies.
Mr. Stuart- Young will be confirmed as Antigua and Barbuda’s Non-Resident Ambassador to the People’s Republic of China following his acceptance by the Chinese authorities in Beijing.