On July 28, 2015 Tim Armour was named as the new Chairman of The Capital Group. The Capital Group had been coordinating a leadership succession plan that would continue the business strategies of the organization. However, due to a loss of the former Chairman, Jim Rothenburg, it was necessary to put the succession plan into motion.
Mr. Armour brings a wealth of knowledge and experience to The Capital Group and as the new Chairman, Mr. Armour will continue to lead The Capital Group into the future. Mr. Armour began his career with The Capital Group in 1983 as a member of the Associate Program after graduating with his Bachelor’s degree in Economics from Middlebury College. Additionally, Mr. Armour has served many roles at The Capital Group, for example, Equity Investment Analyst, Equity Portfolio Manager, and now the Chairman, Director, Principal Executive Officer of The Capital Group.
Mr. Timothy Armour’s experiences and background with The Capital Group has opened up many doors for success. For instance, the new partnership with Samsung Asset Management that will aid in building retirement solutions and asset allocation products in Korea. Mr. Armour quoted in a news release stating that, “broader plans is to co-design investment solutions to fulfill the savings, retirement and insurance-linked needs of Korean investors”. Furthermore, a spokes person from Seoul expressed that the partnership would be the foundation of becoming Asia’s top three Korean based asset management companies by 2010.
Since July 28, 2015, when Mr. Armour was named as the Chairman, Mr. Armour has not only brought his skills and knowledge as assets to The Capital Group, Mr. Armour has brought The Capital Group to the forefront of forming international relationships and development of new programs to aid international investors success. Mr. Armour will continue to lead one of the oldest and largest investment companies into the ever-evolving and ever-changing world that we live in today using his experience, skills that he has developed over the years working for The Capital Group, and his passion for creating programs that continue the legacy of The Capital Group.