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Branstad to head Iowa-based US-China business advisory firm

December 21, 2021 GMT

DES MOINES, Iowa (AP) — Terry Branstad, Iowa’s former governor and the former U.S. ambassador to China, has formed a company to consult with business leaders and investors on how to conduct business between the U.S. and China.

Branstad will form the Branstad Churchill Group with Steve Churchill, his chief of staff in China when he was ambassador.

Branstad said in a statement posted on the firm’s website that the company will offer planning, government and regulatory analysis, political insight, data security and privacy analysis, market entry strategy and other services to clients.

Branstad, a Republican, was appointed ambassador by former President Donald Trump and left the position last year.

Since then he has served as a consultant to Iowa businessman Bruce Rastetter, who owns an Ames company, Summit Carbon Solutions. The company is trying to build a $4.5 billion pipeline to sequester carbon from corn ethanol plants across 30 Iowa counties.

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Branstad also was named ambassador-in-residence at Drake University in Des Moines last month and plans to donate records from his 45-year political career to Drake.

Churchill, in addition to serving as Branstad’s chief of staff in Beijing, was elected to the Iowa House from 1993 to 1999.