New Chairman Elected at Capital Group
Timothy Armour is a finance and investment professional based in Los Angeles, California. He has been involved in the industry for many years and has established a track record as one of the more successful financial professionals in the area. Recently, he was named to the high ranking position of Chairman of the Capital Group.
This recent appointment has allowed Tim to add yet another accomplishment to his career resume. Armour has held a number of high ranking executive positions in the finance industry before being named as the chairman of the Capital Group. With this new appointment to chairman of the Capital Group, Tim looks to help the firm continue reaching its goals.
On July 28, 2015 Timothy Armour was named as Chairman of the Capital Group. This appointment compliments his other current positions of Chairman of the management committee and the Capital Research and Management Company. As Chairman of the firm, Tim will continue working with the president of Capital Research Rob Lovelace and the Capital Group President Phil De Toledo. Tim will continue to implement the firm’s overall business strategy as well as managing its operations. Armour was appointed to the position of chairman as part of a motion to name a replacement after the death of the former chairman Jim Rothenberg.
Over the course of his career, Tim has accumulated a lot of valuable work experience. At the very beginning of his career, he worked at Capital in the Associates Program. This gave him the preliminary experience necessary to learn about the firm as well as the finance industry as a whole. He would work as an equity investment analyst where he would go over financial information and trends of global telecommunications companies. After holding these entry level positions, Tim would move on to take on more responsibility in managerial roles. He would o on to become a portfolio manager as well as a top executive in the Capital Research and Management departments.
Armour has an educational background that is quite common among financial professionals. He received a bachelor’s degree in economics from Middlebury College. When attending college, Tim would go over various aspects of the economy such as supply, demand, fiscal management and also how businesses make decisions. By receiving a degree in economics, Tim got the foundation necessary to help him better understand the financial industry and how the economy works on a regular basis.
Click here to learn more about Capital Group.