Tim Armour was elected to the chairmanship position of Capital Group by the company’s board of directors in July 2015. At the time of the announcement, Tim was already serving the firm as the chairman of management committee and Capital Research & Management Company (positions he still holds until today).
Together with the presidents of the company’s management committee, Tim Armour is expected to continue working with the other committee members to formulate, communicate and foresee the implementation of the overall business strategies and also, oversee the company operations. Tim’s appointment to the chairmanship was part of a succession plan that Capital Group had been working on for several years, but was finally implemented when the former chairman Jim Rothenberg passed on.
Timothy Armour has over 34 years of investment experience which surprisingly he has acquired from Capital Group. He joined Capital Group as The Associates Program’s participant. At the beginning stages of his career, he served as an investment analyst covering global telecommunications as well as the US service companies.
The Los Angeles-based investment manager is a holder of a bachelor’s degree in economics obtained from Middlebury College. An American-based financial services firm, Capital Group, is among the oldest and biggest investment management companies in the world, managing assets worth $1.39 trillion. The company was founded in 1931, in Los Angeles, California and it runs offices in different parts of the world namely America, Asia, Australia and Europe.
The privately held firm offers a wide array of financial products, besides the 40 mutual funds it provides through its subsidiary, American Funds. Some of the firm’s other products include collective investment trusts, investment services for individual high net worth investors in the United States, private equity and numerous other products for individual and institutional investors across the globe.It is safe to say that Capital Group is in safe hands because it is in the hands of a man who has worked there all his life.