Los Angeles, California based Timothy D. Armour earned a Bachelor’s Degree in Economics from Middlebury College. Currently, Mr. Armour is the Chief Executive Officer (CEO) and Chairman of Capital Group and the Chairman and Principal Executive Officer (PEO) of Capital Research and Management Company. His experience in the investment industry is entirely with Capital Group in several different capacities.
He began his career with Capital Group in the Associates Programs and moved onto an equity investment analyst covering U.S. service companies and global telecommunications. As he moved up the ladder at Capital, Mr. Armour had the opportunity to provide leadership to the team at Capital. He worked with the members of the management committee to continue to set and implement business strategies and opportunities.
Mr. Armour, in line to eventually take on the CEO and Chairman responsibilities, did so after the passing of former Chairman Jim Rothenberg. Armour continued in the tradition of James Rothenberg and recognized the strength of Capital is found within the ranks of the company and their commitment to the mission and philosophy of the company. The collective talents of the entire staff results in first class customer service and the best in long term investments for the clients.
Armour’s personal philosophy is to develop long term relationships with clients and thereby build trust and confidence with the services rendered by Capital Group. It is a strategic plan that works for both Capital Group and clients.
Capital Group and Samsung Asset Management established a partnership to develop investment strategies for retail and institutional investors in Korea. The two companies will also collaborate to develop solutions for retirement along with asset allocation products. The goal is to help Samsung Asset Management to enhance their capabilities for active investments.
The overall goal for the collaboration is to help Capital Group become a top asset management company in Asia by the year 2020. Armour sees the collaboration as a win-win for both sides and helps to strengthen each company’s foothold in the investment industry. The venture will allow Samsung to use some of Capital Group’s products and distribute them through several of Samsung’s channels.