The Chairman and Chief Executive Officer of Capital Group, Timothy (Tim) D. Armour, was appointed to that position upon the passing of Jim Rothenberg, who was the prior Chairman. He was the Chairman and Principal Executive Officer of Capital Research and Management Company, Inc., which is part of Capital Group, and Chairman of the Capital Group Companies Management Committee.
Tim and other senior members and 7,600 associates are working to ensure that all the operations and business strategies remain intact and that the company will continue to move forward and continuing their 84-year legacy and mission of commitment to deliver superior and long-term results to their investors and clients.
Capital Group in Los Angeles, California, is an American financial services company that ranks among the world’s largest and oldest investment management organizations. It is privately held, has $1.39 trillion in assets under management, and has offices around the globe in the Americas, Europe, Asia, and Australia.
Tim Armour has 33 years of investment experience, with much of his phenomenal success being with Capital Group, where he began his career as a participant in The Associates Program. He also served as an Equity Investment Analyst and other roles. His bachelor’s degree in Economics was earned at Middlebury College.
The Capital Group has also formed a strategic partnership with Samsung Asset Management (SAM) to co-develop retirement solutions for institutions and individuals as well as asset management products and capabilities for the Korean market. SAM is Korea’s number one asset manager with over US$165.7 billion in assets under management.
The CEO of SAM, Sung-hoon Koo feels that this demand will surge over the next decades in Korea and welcomes this partnership with a world expert. Tim Armour added that the plan is to co-design investment solutions to fulfill the retirement, savings, and insurance needs of Korean investors.
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