Having more than thirty years experience in investment Industry, Timothy Armor was seen fit to become the Chairman of Capital group. He took over chairman position after the demise of James Rothenberg, the former Capital group’s chairman.
While being the Chairman of the firm, he is expected to work hand in hand with other senior members such as Rob Lovelace, President of Capital research and Management, and Phil de Toledo who is the Capital group president. If the firm is to succeed, these leaders need to work together, as the saying goes, two hands are better than one. Rothenberg, who played a major role in expanding the company worldwide, joined the firm in 1970. It was a big loss for the Capital Group’s community after the loss of one of their colleague who was committed to the firm’s positive progress.
In Armour’s perspective, he views the firm’s strength to come from the collective talents of all the employees when it comes to delivering investment results. The firm was founded and launched in 1931 in Los Angeles, California and as years have passed by, the company has become one the world’s largest and oldest investment companies. It is also known for its long-term focus when it comes to putting their clients first before anything else. It has offices in more than twenty cities including Tokyo, Sydney, and London.
What made Armour fit for this position are his education background and his strong experience in the industry. He studied at Amherst College where he earned hi BA in Political science. To him, education was the key to success and this is why he continued studying even after getting his bachelor’s degree. He went to the University of Massachusetts where he graduated with an MA in political science before heading to Harvard Business School for his MBA. Armour’s career path with the capital group began in 1983 as an Associate.
When it comes to leading and working with the Capital group, Armour announced that the firm was going to have a partnership with Samsung asset Management to come together and work on global investment and management of assets for Korean Market. In specific, the two organizations will majorly focus on four core areas. They include product supervision, retirement organization, investment administration and aiding in distribution channels. The reason as to why the Korean market was being assisted is the fact that it has statistical challenges in reference to the financial requirement on the aging population. Capital Group will help in co-designing investment results for the Korean market. With Timothy as the Chairman of the group, the firm is expected to proper to become better.