The Capital Group is a top investment management firm that serves various funds in the United States. Timothy Armour was recently promoted by the company to be its CEO and chairperson.
The promotion has made him to also serve as the head of the Capital Research and Management Company. He will be working closely with Rob Lovelace and Phil de Toledo who are the presidents of various section of the enterprise. Timothy will also be coordinating with the committee of the company to ensure that it accomplishes its global objectives.
Mr. Armour was offered the new positions after the death of Jim Rothenberg who formerly served as chairman. He was a skilled and experienced professional who had the ability to make wise decisions that benefited the long-term goals of the clients. The demise of the administrator was a big blow to the company. Capital Group has been striving to achieve its aims by hiring talented employees and associates. The enterprise has an 84 years’ record of offering unparalleled investment solutions to consultants and stakeholders. It mobilizes its 7600 partners to ensure that it retains its reputation. The company recently collaborated with the Samsung Asset Management to establish a stable retirement and asset management plan, which will assist it in accessing the Korean market.
Timothy has spent most of his career life serving the company in different capacities. He has worked at Capital Group for the past three decades and has acquired sufficient information all its undertakings. When the firm first hired him, he was assigned to serve as investment expert at its associate program. He was in charge of overseeing Capital Group’s worldwide telecommunications and business in the United States. Mr. Armour is a graduate of the Middlebury College and holds a degree in economics. His office is based in Los Angeles.