With over thirty years of investment experience, all with Capital Group, Timothy Armour has taken on the position of the chair at the same company and is bound to lead it to greater success and glory following the demise of former Chairman James Rothenberg in 2005. Tim Armour began his career at Capital Group in 1983 as a participant in The Associate’s program. He then made his way up to becoming an equity investment analyst covering global telecommunications and U.S service companies.
As the chair, Armour will work in conjunction with other senior members of the firm including Capital president Phil de Toledo and Capital Research and Management Company president Rob Lovelace, to effectively carry out the company’s undertakings and guiding principles.
On Jim Rothenberg’s demise, Tim confirmed in a statement that Capital Group was deeply grieved by the loss of a friend and colleague. Armour also continued to mention that the strength of the company was collective and drew from the talents and skills of each and every staff member that was dedicated to providing long-term investment results.
The Capital Group which is based in Los Angeles, California, was launched in 1931 and is recognized worldwide as one of the largest and oldest investment management institutions. The company has more than 20 offices in different cities including London, Sydney, and Tokyo.
Moving forward, the company announced its partnership with Samsung Asset Management in a bid to collaborate on global investment and management opportunities that extend to the Korean market. Specifically, the two firms will focus on four key areas: product supervision, investment administration, support for distribution channels and retirement organization.
In a statement, Armour said that the Koreans are dealing with statistical challenges regarding the aging population and their financial requirements. According to him, the company will help to re-design the investment result for the Korean market.
She acknowledged that with over $1.4 trillion in assets and more than 7,000 staff members and employees, the company continues to provide quality investment options that have reliable and long-lasting results.
In her report, Yang noted that Capital Global continues to shine despite the overwhelming increase in the number of competitors. This is mainly attributed to the robust, stable investment culture that has been planted by portfolio managers such as Armour who continuously devote their efforts for the success of the company. Armour holds a bachelor’s degree in the field of economics attained from Middlebury College.