Royal Knighthood Bestowed on R. Allen Stanford
Archived November 1, 2006
ST. JOHN’S, ANTIGUA, W.I. - 1 NOVEMBER 2006 –R. Allen Stanford, chairman and CEO of Houston-based Stanford Financial Group has been appointed Knight Commander of the Most Distinguished Order of the Nation (Antigua and Barbuda). He was presented this honor by the Governor-General of Antigua and Barbuda, Sir James B. Carlisle in a ceremony attended by His Royal Highness Prince Edward, Earl of Wessex, in celebration of the country’s Silver Jubilee in November 2006.
A deeply honoured Stanford said, “My love for the Caribbean, its people and future, particularly that of Antigua and Barbuda, has been clearly displayed by my commitment to the region over the past two decades through long-term investment of capital and human resources.
“It is my hope that the grant of this great personal honour is a reflection of that commitment. I truly hope that this appointment will increase awareness of the success that the Stanford companies have achieved with Caricom nationals comprising the vast majority of our employee base, and that it will further promote the economic and social development of the region.”
Stanford, a fifth-generation Texan, has lived in Antigua for 20 years and holds dual citizenship, having become a citizen of Antigua and Barbuda seven years ago. He is the first American to be knighted by the country and the 15th to receive the honour since it was established in 1998 for Antigua and Barbuda. The chivalric Most Excellent Order of the British Empire was established 4 June 1917 by King George V with the motto For God and the Empire to honour distinguished noncombatant service.
Stanford is an active member of Caribbean - Central American Action (CCAA) [previously Caribbean Latin American Action (CLAA)], which promotes private-sector-led economic development throughout the hemisphere. In addition, he supports the Pan American Development Foundation (PADF) and the Inter-American Economic Council (IAEC), through which the Organization of American States and private enterprise address critical development and disaster needs in the Caribbean and Latin America. He was honoured in 2006 with the IAEC’s “Excellence in Leadership Award” at the Organization of American States headquarters in Washington, D.C.
Stanford is the second largest employer in Antigua and Barbuda (after the government). Major business investments in Antigua and Barbuda include the Bank of Antigua, Stanford International Bank, Stanford Trust Company, Ltd. and Stanford Development Company Limited.
Among Stanford’s key initiatives in the Caribbean is the Alliance for Development through Education and Empowerment, a far-reaching public-private partnership with the Government of Antigua and Barbuda that includes the Empowerment for Ownership Small Business Initiative to stimulate business development by providing low-interest loans to start-up micro and small business ventures.
Following the devastation wrought by Hurricane Luis in 1995, Stanford responded to the plight of the government by making the Bank of Antigua building available for the continuation of government until other accommodations were acquired and to the people of Antigua by providing emergency aid and no-interest loans for recovery efforts.
Stanford companies sponsor numerous local programs, including Junior Achievement, the Mahico Steel Orchestra, the Masters Calypso Tent and Academy, the Children’s Foundation, Inc., St. Bartholomew Center for the Elderly, World Health Day, Youth Leadership workshops, the Caribbean Jaycees and title sponsorship of Antigua Sailing Week, one of the world’s top three sailing regattas.
Mr. Stanford’s historic 2006 Stanford 20/20 Cricket Tournament reignited the West Indies passion for cricket, united the region and generated considerable profit for local businesses. His investment provided funding and technical support for upgraded infrastructure, training and competition for 19 participating nations and their cricket teams.
Stanford Financial Group is a privately held, wholly owned global group of financial services companies founded by Lodis B. Stanford in 1932. Stanford’s core businesses are private wealth management and investment banking for institutions and emerging growth companies. Stanford offers private and institutional investors global expertise in asset allocation strategies, investment advisory services, equity research, international private banking and trust administration, commercial banking, investment banking, merchant banking, institutional sales and trading, real estate investment and insurance. Stanford serves clients from 126 countries on six continents.
Securities products and services offered through Stanford Group Company, member NASD/SIPC. More information on the company can be found at www.stanfordfinancial.com.