When it comes to financial advice, there’s no better source than Timothy Armour. Armour, recently named Capital’s Group new Chairman and CEO, has experience beyond his age. He worked with one of the legends of the industry, Jim Rothenberg. Armour knows the ins and outs of finance like the back of his hand.
Before joining the Los Angeles based workforce, Armour was a money-craving college student at Middlebury College. After graduating with a Bachelor’s degree in Economics, he participated in Capital Group’s Associates Program. Armour is still a Capital Group employee. He’s worked for the company for over 30 years.
When he did join the workforce, it was as an equity investment analyst and an equity portfolio manager for Capital. He was responsible for the company’s global telecommunications. Prior to being named Chairman and CEO of Capital Group, Armour served as Chairman of the company’s Management Committee.
Timothy Armour has taken to his new role as Chairman brilliantly. As soon as the company announced that he would be officially succeeding former Chairman James Rothenberg, Armour began collaborating with other senior members of the firm. Along with Rob Lovelace and Phil de Toledo, Armour plans to rejuvenate Capital’s business undertakings and guiding principles.
After the loss of Jim Rothenberg, in 2015, Capital Group began to lose some clients. The company’s main focus became replacing Rothenberg with someone that could reassure clients that the company would still be able to provide outstanding service. The company chose Timothy Armour because of his great dedication and service to the company.
During a speech, Armour commented that the company was deeply saddened by the loss of Rothenberg. He offered the prayers of friends and colleagues to the Rothenberg family. And he reassured clients that Capital Group planned to continue its 84-year legacy, as a way to honor James Rothenberg.
Armour plans on focusing on long-term investments. He pointed out in a statement that the company has a strong talent for predicting long-term results. He is also looking toward foreign partnerships, like with Korea.