Capital Group is a financial institution based in Los Angeles and has office located all around the world. Founded in 1931, the company was based on the belief that fundamental research is required in order to achieve long-term financial gains. Today it stands as one of the most respected financial firms in the world and manages over $1.4 trillion in assets under management.
The Chairman and Chief Executive Officer of Capital Group is Timothy Armour, also known as Tim. Armour has spent his career with Capital Group, starting out in the company’s The Associates Program 34 years ago. Over time he has been consistently promoted until where he now runs the country. Tim was educated at Middlebury College, from which he obtained his Bachelor’s degree in Economics.
One of the large events in Capital Group’s history was when the company partnered with Samsung Asset Management in 2015. In this partnership the two companies will cooperate in order to develop active investment strategies in South Korea. Under the agreement Capital Group will teach Samsung Asset Management about how their active management system works, and provide guidance in areas like client and business management. About the partnership CEO Timothy Armour stated that the “broader plan is to co-design investment solutions to fulfill the savings, retirement and insurance-linked needs of Korean investors.”
Janet Yang is a respected Director of Multiasset and Alternative Strategies, and works for well known financial ratings firm Morningstar. In an article on the website she discussed why she rated Capital Group’s overall grade as an A and provided her insights on the management of the company, including Timothy Armour. She stated that Capital Group is one of the industry’s strongest stewards of investors’ capital and cited the company’s 80 year history as evidence of it being a lasting company. She gave Capital Group’s culture an A due to it’s strong long-term results and its commitment to its financial advisors. In particular she said that because investors, such as Timothy Armour, have managed the company and set its business direction, she believes the company’s success will continue on.
Timothy Armour became Chairman of Capital Group after the unexpected passing of the former Chairman, Jim Rothenberg. He was already Chief Executive Officer of the company, and the committee’s chair, so his progression to Chairman was seen as a solid decision by Janet.
Contact Timothy Armour: https://www.facebook.com/public/Timothy-Armour