Nigel Cowie Explained

Nigel Cowie
Alma Mater:University of Edinburgh
Occupation:CEO, Daedong Credit Bank
Known For:co-founder, DCB Finance

Nigel Cowie is a British banker, who lived in North Korea for two decades from 1995.

Early life

He was educated at the University of Edinburgh.

Career

He worked for Hongkong and Shanghai Banking Corporation before moving to North Korea.[1]

North Korean official, Kim Chol-sam and Cowie created a shell company called "DCB Finance" to circumvent sanctions, help sell arms, and expand its nuclear weapons programme.[2]

Cowie was also CEO of Daedong Credit Bank, which was placed under sanctions.[3]

Cowie is a director of Phoenix Commercial Ventures Limited, a North Korean project finance company.[4]

Notes and References

  1. Web site: The Board . Phoenixcommercialventures.eu . 2016-04-06.
  2. News: British banker set up firm ‘used by North Korea to sell weapons’. Garside. Juliette. 2016-04-04. Harding. Luke. The Guardian. en-GB. 0261-3077. 2016-04-05.
  3. Web site: Andrew Buncombe . Panama Papers: Mossack Fonseca 'helped firm with links to North Korea’s nuclear weapons programme' | Americas | News . https://ghostarchive.org/archive/20220620/https://www.independent.co.uk/news/world/americas/panama-papers-mossack-fonseca-helped-firm-with-links-to-north-korea-s-nuclear-weapons-programme-a6968951.html . 2022-06-20 . subscription . live . . 2016-04-06.
  4. Web site: The Board . Phoenixcommercialventures.eu . 2016-04-06.