Category: CEO

New Acting CEO At The Capital Group Companies


Timothy D. Armour is the chairman of Capital Group Companies, chairman of Capital Group Management Committee, and Equity Portfolio Manager. He is also chairman and CEO of Capital Research and Management Company, Inc., a subsidiary of Capital Group. Tim has a bachelor’s degree in economics from Middlebury College. Timothy Armour’s career journey started at The Capital Group in 1983 as a Participant in the Associate Program.

Over the years, Timothy Armour has gained experience in the investments and finance. He was gradually promoted to various positions. He held the position of Equity Investment Analyst. This was a key position that natured him for his future roles. He managed global telecommunication and US Service Companies.

Armour was named the Chairman of Capital Group in July 2015. This was after the death of the former Chairman Mr. Rothenberg who died while on vacation at the age of 69. His death was caused by heart attack. Armour mourned the death of Jim Rothenberg terming it as a great loss to the company. He praised Jim for the work he had done. Before the death of Mr. Rothenberg, Timothy was his key deputy. He participated in decision making regarding fund management.

Capital Group under the leadership of Timothy has continued to expand its services. In October 2015, Capital Group partnered with Samsung Asset Management in developing investment plans for organizational and retail investors in Korea. The two companies will work together in developing retirement solutions for the Korean people. The Capital Group will assist Seoul group, a subsidiary of Samsung, with the knowledge regarding hedge fund management. In a statement, Seoul CEO said that the partnership would enable the firm to increase its equity investment capability. According to Tim, the partnership will enable them to design investment solutions that satisfy the savings, retirement and insurance needs of the Korean people.

During the 2015 market sell-off triggered by the worsening economic crisis in China that worried investors, Tim thought that financial systems in developed countries like in the US or Europe are much stronger. He argued that investors should take that opportunity and invest in large enterprises that are struggling to maintain their production. He encouraged investors not to fear. He told them that if they invest in big companies after the crisis, they will benefit a lot.

Timothy Armour has been an employee of Capital Group for more than thirty years and served in different management positions. He has got enough experience to lead Capital Group in achieving its goals.

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