A New Chairman and His Strategies to Grow Capital Group, Inc

Timothy D. Armour is easily recognized as the Chairman and CEO of the one of the largest investment management companies in the world, the Capital Group, Inc. According to the Capital Group website, Tim as he prefers to be called, is also the Chairman and Principal Executive of Capital Research and Management Company, a part of the larger Capital Group. Tim Armour boasts over 30 years experience in investment and equity portfolio management. During his tenure as the Capital Group equity portfolio manager, Tim dedicated most of his time working with various telecommunication and service companies in the US and around the world.

The Board of Directors of Capital Group announced the appointment of Tim as the Chairman of the Group in mid 2015. Following the announcement, Tim along with Phil de Toledo, the company President and Rob Lovelace, the President of Capital Research and Management Company and other ranking members were tasked with implementing Capital Group’s business strategies and overseeing its operations. Immediately after his appointment, Tim affirmed that the management team together with its strong team of 7,600 associates will work together to realize the company’s mission. The mission is to produce solid, long-lasting investment results to satisfy the needs of its growing list of clients and investors.

Related: Capital Group’s Tim Armour Explains the Load Shop’s Recent Move onto Schwab’s and Fidelity’s No-Transaction Fee Platforms.

In line with it mission to strengthen investment strategies, Capital Group and Samsung Asset Management (SAM) announced an alliance covering several elements, including development of asset management capabilities and product for the Korea based entity. According to an excerpt published on Asianasset.com in October 2015, the Capital will help SAM develop retirement solutions; strengthen SAM’s investment strategies and asset allocation products and services. Under the multifaceted pact; the distribution channel support will involve conducting training programs in core areas such as business management, client management and asset management.

On product management, appropriate Capital Group products and services are to be deployed to help Samsung shore up its distribution channels. With regards to the retirement solutions, Capital will help SAM develop object oriented, long-term retirement solutions for the Korean market. Lastly, the investment management processes are targeted at enhancing SAM’s investment capability following Capital’s active management style. Tim Armour graduated from Middlebury College, a Los Angeles-based university, where he obtained a bachelors degree in economics, an overview on Bloomberg indicates. He started his career as an investment management in 1983 as a participant in The Capital Associates Program.

Keep Reading: Capital Group Names Armour Chairman to Succeed James Rothenberg

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