Timothy D Armour is the Chairman and CEO of the Capital Group Companies. He also serves as Chairman of both The Capital Research and Management Company, affiliates of Capital Group. Armour is also in a member of Capital Group Companies Management’s committee. He has over three decades of experience in investment banking since he joined the company.
Before he was handed the CEO position of the enterprise, he was the deputy to James Rothenberg, the former head of the firm. Rothenberg passed away in June 2015 at the age of 69. He was responsible for the rise of Capital Group as one of the world’s largest investment management firms. It was after his death that the Board of Directors at Capital Group decided to give Armour chairmanship of the company. Armour started his career at the firm in 1983 as an attaché in the company’s Associate Program before becoming an investment analyst. He graduated from Middlebury College with a bachelor’s degree in Economics.
Capital Group is a private financial services company founded in 1931. It is among the largest investment firms in the world with an employee base of more than 7000 persons and assets worth $1.39 trillion. Its headquarters are in Los Angeles, California. The company provides services in research and investment in America, Canada, Europe, and Asia. Janet Yang, an investment research analyst, gave the company A rating for its consistently high-level performance over the years. She said choosing the business is a no-brainer as the company has continued to advance over the years putting detailed attention into investments and long run end results. She further praised the firm saying it is a model example of a stable investment culture with outstanding portfolio managers such as Armour and Clifford.
The company broadened its operations further after announcing a strategic partnership with Korea-based Samsung Asset Management. The agreement established that Capital Group would assist SAM in instituting the Capital Group management style while providing management expertise in business and client management. The companies are expected to work together in coming up with asset allocation products and solutions for Korean investors. It is in line with SAM’s agenda in becoming one of Asia top management companies. Armour maintained that the long run plan of the partnership is to come up with investment solutions aimed at satisfying retirement and insurance-related needs of investors in the Korean market.