The Capital Group can be considered as the home to American Funds. It is a leading investment management firm in the world today. Its Board of Directors has elected Tim Armour as the Chairman of this Group. Currently, Tim Armour is the Chairman of the management committee of the Capital Group. He is also serving as the Chairman of the Capital Research and Management Company.
After becoming the Chairman, he will be working with Rob Lovelace, who is the President of Capital Research and Management Company. He will also be working with Phil de Toledo, who is the President of Capital Group. His job will be to work with the other senior members of the management committee. Tim Armour will be setting and implementing the business strategies of the Capital Group by communicating them well. Besides, he will be overseeing the operations of this Group.
This change had been in planning for a long time. It can also be considered as a kind of succession plan in leadership. This got formalized after the Jim Rothenberg; the former Chairman passed away and more information click here.
Tim Armour mourned the loss of Jim. He said that Jim was a purposeful leader who could take decisive action that would provide the highest benefits for his clients, investors and all other business associates and learn more about Timothy.
He further stated that the strength of this Group is not based on one individual alone. Rather, the success of the Capital Group lies in the collective talents of those who share their mission to deliver investment results that are superiors and long-term too and Timothy’s lacrosse camp.
The Capital Group has over 7600 associates today. Tim Armour plans to take forward this 84-year legacy of continuing with the commitments of delivering long-term returns to the investors.
Timothy D. Armour is an equity portfolio manager too. He has over 32 years of experience in investments. He has always been with the Capital Group. He has worked here as an equity investment analyst earlier. At that time, he was looking after global telecommunications besides the U.S. service companies. Tim Armour started his career as a participant in The Associates Program in The Capital Group.
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