Capital Group is one of the leading investment management corporations in the globe. Recently, Timothy Armour was elected to serve as Capital Group’s chairman. This follows the death of Jim Rothenberg, the former company’s chairman. Jim took decisive actions in the long-term interests of associates, investors and clients. The company has a succession plan that started some years ago. It was formalized on July 28, 2015.
Timothy Armour is an alumnus of the Middlebury College where he graduated with a Bachelor of Economics degree. He joined Capital Group of companies in 1983 through their Associates Program. Here, he dealt with service and telecommunication companies in the U.S. He has vast experience in matters of investment. Timothy serves as the principal executive officer and director at Capital Research and Management Corporation. He is also an equity portfolio manager. Tim is the chairman and CEO of Capital Group. In addition, he chairs Capital Group Companies Management Committee. Timothy Armour resides in Los Angeles.
Discussing investments with the Wall Street Journal, Timothy Armour urges the public to enlist the services of active managers that earn their keep. He contends that success is found in studying the information of a given company against the probability for the future. For instance, at one time Blockbuster got to the peak of business with $5 billion in revenues while the new Netflix was considered inexperienced. Later, as Netflix reported $45 billion in revenue and operated as a going concern, Blockbuster went bankrupt. Janet Yang, CFA posits that the success of Capital Group is anchored on the contributions made by Timothy Armour. He has been looking at the needs and demand of businesses and requirements of workers.
Recently, Capital Group entered into partnership with Samsung Asset Management (SAM). This collaboration creates hope for the future with respect to corporate retirement plans. The two companies plan to work together in developing retirement solutions and products related to asset allocation. They will also zero in on augmenting SAM’s capability in active investment.
Morningstar issued Capital Group’s subsidiary, American Fund with a Stewardship Grade. This overall grade, an A, takes into account the quality of the fund’s board, corporate culture, fees, regulatory history and incentives for the fund manager. Capital Group is regarded as one of the strongest leaders of investor’s capital. Considering that its history dates back to eight decades ago, Capital Group has over $1.4 trillion in assets. The company’s multimanager system has enhanced operations and service offing. With a Corporate Culture rating of A, Capital Group continues to invest, generate meaningful results and providing financial advice to its broad client base. To this end, the corporation is one of the largest asset managers in the world.
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