Timothy Armour is the new chairman of Capital Group. He has an experience in the field of investment. He has been in the area for more than three decades, and that is why he is qualified for the position of chairman of the Capital Group. The firm has senior people who will work with Timothy to ensure the company’s success. Capital Research and Management Company President Rob Lovelace and Capital Group President Phil de Toledo are among the people who will work with Armour for the business to succeed under his watch.
Timothy started his career in the year 1983 with the Capital Group in the associate program, and he took to the position of chairman in July 2015. He succeeded James Rothenberg who passed away. Rothenberg had joined the company in 1970. Under the leadership of Rothenberg, the company was able to expand to the whole world.
Tim Armour said that the Capital Group had lost a friend as well as a colleague and expressed the grief on behalf of the company. Tim also pointed out that the company had a lot of talented workers and that is the main reason of its strength. With such talents, the company can deliver permanent results regarding investment.
The Capital Group started in 1931 in Los Angeles, California. The organization is one of the oldest and also largest investment management companies in the state. Many recognize the company for focusing on long-term goals. Some of its offices are located in Tokyo, Sydney, and London among other locations. The company moved forward announcing a partnership with Samsung Asset Management so that they can collaborate on investments and management globally for the Korean market.
The two companies have four main specific areas that they will focus on. They include product supervision, retirement organization, investment administration and support for channels of distribution. Armour said that Korea is faced with demographic challenges because of the financial requirement for the aging population. He further said that the company would help in co-designing of investment results for the Korean Market.
Janet Yang, who is an independent investment research firm analyst gave the company an A rating because of maintaining an enduring franchise. She reported that Capital Group is worth more than $1.4 trillion and had more than 7,000 employees. The company also continues to advance in investment and also creates long-term results.
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