Timothy Armour is the chairman of the Capital Group, a global leader in investment solutions. He was appointed to the post in 2015. His appointment was a result of the passing on of the former chairman, Jim Rothenberg.
Tim was seen as the best choice due to his long service for the company. He spent all of his careers, spanning over three decades at Capital Group. He started out as an associate and rose through the ranks, over the years. Armour is an alumnus of Middlebury College, where he attained a Bachelor’s degree in Economics. He is based in Los Angeles , California.
CFA analyst, Janet Yang is a big fan of the way Capital Group is run. She gave the firm and a rating for upholding its quality services. Yang reiterated that the group’s outstanding work and results in the investment industry cannot go unnoticed. She praised the management, which includes Tim, for sustaining high standards and being a role model to other firms in the sector. Additionally, she noted that Capital Group leaders rarely leave their post for jobs in other enterprises.
In 2015, the group announced a business partnership with the Korea-based Samsung Asset Management. The aim was to increase their global superiority in the investment market. By partnering with the largest investment company in Korea, Tim said that it would enable his firm to extend their excellent services to Korean investors. Capital Group’s products would also distribute by Samsung Assets, according to the agreement.
Investors expressed fears over the slow growth of China’s economy. As a measure to counter the slow economy and depreciation of its currency, the Chinese government conducted a market selloff. This had a massive impact on global economy, as China is one of its great influences. A huge decline in export activities was reported. The Capital Group chairman said that for these problems to be overcome, oil prices should be lowered to boost the economy. He attributed the slow growth to China’s transition from a closed, investor based economy, to an open, and consumer-centered one.
Timothy advised investors to seek managers who will ensure they achieve the maximum return possible. He stressed that employing average managers translates to average results. According to him, a suitable manager is the one who conducts research, takes an active approach, and is willing to take high risk actions because they have great rewards.