Timothy Armour is the current chairman and the chief executive officer of Capital Group, a leading financial services company in America. He is also the chairman and the principal executive officer of Capital Research and Management Company, a subsidiary of Capital Group and the chairman of Capital Group Companies Management Committee.
Mr. Armour holds a bachelor’s degree in economics from Middlebury College. After graduating from college, Timothy began his career at Capital Group as a participant in The Associate Program. For the 33 years, he has worked for Capital Group, Tim has progressively been promoted to various positions. Timothy worked as the Capital Group investment analyst where he acted as the manager of global telecommunications and U.S service companies.
Mr. Tim was appointed as chairman of Capital Group in 2015 following the death of their chairman, Jim Rothenberg. Mr. Jim died of a heart attack while on vacation at the age of 69. While addressing the press, Mr. Armour mourned the sudden demise of Jim whom he termed as a close friend and a colleague. He praised Jim as a purposeful leader who had the interests of the company and the clients they serve at heart. He further pledged that despite the death of their chairman, under his leadership, Capital Group management committee and their associates will work together to preserve their 84 years legacy of showing commitments to the clients whom they serve.
Tim Armour is committed to expanding Capital Group. Under his leadership, Capital Group and Samsung Asset Management (SAM) formed a strategic partnership working agreement to cooperate on developing investment strategies for individuals and institutions in the Korean market. The two companies will work together on developing retirement solutions, assets allocation products and improve Samsung Asset Management investment capabilities. Capital Group will help SAM increase their investment capabilities by equipping SAM’s management team with relevant skills such as business and client management.
During a press release, SAM’s CEO Sung-hoon Koo praised the partnership saying that it will enable his firm to increase its active equity investment capabilities and implement changes in their asset allocation and product strategies. Mr. Tim on the other hand, welcomed the partnership adding that their bigger plan is to co-design investment solutions to fulfill the savings, retirement and insurance needs of the Korean business community.
Timothy Armour is a business leader who does his work diligently. Since he joined Capital Group, his outstanding performance has enabled him to be promoted to various positions until today where he is the company’s chairman. From his story, it is evident that hard work and determination are the true pillars for a better tomorrow.