Capital Group Success and its Chairman’s Response to Today’s Market Selloff by China

Mr Timothy D Armour is the Chairman, Director, and Principal Executive Officer at Capital Research and Management Company. He is the portfolio manager and the Chairman of the Capital group companies. He has accumulated years of investment experience from several job positions in different companies.

Timothy Armour attended the College of Middlebury where he studied and graduated with a business degree in Economics. He served as the Fund Manager, Global Discovery Manager at Scotia Capital Inc. In the year 1994, he moved to American Mutual Fund Inc. In this company; Armour held the position of Senior Vice President. American Mutual Fund is a company driven by the accomplishment of three major objectives, current income, ensuring the Growth of capital, and in the conservation of principal.

Timothy D Armour has also acted as a fund advisor for the Capital Research and Management Company. In this company, his input was required in the running of 529 college saving plans. He was also expected to advise on the retirement plans offered by the enterprise. Today, Timothy Armour is Chairman of Capital Research Company.

On 28th of July 2015, the Board of Directors of Capital Group, a world’s leading investment Management Company announced that they had hired Tim Armour to act as the Chairman of the Capital Group. With other senior members of the management committee, Armour would continue to work, set, communicate, and implement the company’s business targets. He was also to oversee all the company’s operations. His confirmation as the chairman was as a result of the death of the former president, Jim Rothenberg.

Tim said that all the capital fraternity deeply mourned the loss of their friend and colleague. Timothy Armour’s election to be the chairman was to help the company continue the leadership role held by Jim. It was upon him to take decisive actions and steer the company to a better place keeping the interest of their clients, investors, and associates first. He also stated that the actual strength of the company lied not in an individual but the collective talents and efforts of the members and associates.

Regarding the market selloff triggered by China, Timothy thinks that the United States had a six-year run and rising markets. The United States Markets were valued fairly and had grown tremendously. With this in mind, he said that the market correction was not unexpected and to some degree, it is healthy as it removes pockets of excess.

Learn more about Timothy Armour here.

 

 

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