Timothy Armour, a Los Angeles-based executive, obtained his degree in economics at Middlebury College. He began his career at Capital Group as an associate volunteer. Armour is the CEO and chairman of Capital Group. Armour was appointed Chairman by Capital Group’s board of directors.
This high-status appointment materialized after the death of former Capital Group Chairman, Jim Rothenberg. Following his appointment, Armour vowed to continue working with Rob Lovelace and Phil de Toledo in managing the company. Armour still heads Capital Research and Management Company, a division of Capital Group. Additionally, he is a seasoned portfolio manager with over three decades of investment experience.
Since his appointment, Timothy Armour has promoted the company’s expansion by facilitating Capital Group’s merger with Samsung Asset Management, a Korean-based company. The purpose of the collaboration is to create unique investment strategies and retirement solutions for Korean nationals. Capital Group has since assisted Seoul Group, a subsidiary of Samsung Asset Management, in the management of hedge funds. According to Armour, this partnership is a win for both companies, as they will all benefit financially and in the expansion of their businesses.
Janet Yang’s Congratulates Tim Armour Impressive Record of Achievement
In a 2015 article, Janet named Armour and his colleagues as key drivers of Capital Group’s success and expansion plan. She also said that Armour has the right qualifications for steering the business in the right direction. Janet termed Capital Group as one of oldest successful companies with trillion worth of assets and over 7000 employees.
According to Janet, Capital Group has managed to withstand challenges and survive tough economic challenges due to its capability to respond to changes promptly. For instance, in 2015, the company made changes to its fund lineup by increasing employee’s retirement fund.
Armour’s Thoughts Concerning Market Selloffs
Following the decline of Chinese stocks, Armour and his colleague Rob Lovelace came out to analyze the inflation status. According to Timothy Armour, market volatility is expected in any growing economy. He said that United States economy was stagnating in the financial year of 2015. In his opinion, Armour stated that banks should try to come up with realistic interest rates to survive inflation.
Additionally, short term and long term interest rates ought to be increased for businesses to thrive. He encourages foreign investors to put their money in nations that have stable economies. He also urges them to conduct intensive research and understand the markets to avoid making blind investments.