Timothy Armour is the CEO and Chairman of Capital Group. He is also the Principal Executive Officer of Capital Research and Management Company and Chairman of the Management Committee, subsidiaries of Capital Group.
He began his career at Capital Group 33 years ago, after obtaining his undergraduate degree from Middlebury College and joined the company’s Associates Program. After the Associates Program, Tim became an equity investment analyst with Capital, where he covered U.S. service companies and global telecommunications.
In 2015, Timothy Armour was elected as Chairman of Capital Group by the company’s Board of Directors. This election came after the passing of the company’s former Chairman, Jim Rothenberg. The change was years in the making, reflecting Tim’s leadership.
Capital Group was founded in 1931 by Jonathan Bell Lovelace, forming a fundamental office in New York City. In 1962, Capital Group experienced its first business outside of the country. Capital Group is a now a leader in the financial industry, serving individual and business investors from all over the world with a wide variety of services. The company is a private firm with an independent charter that has kept them on the right course for doing what’s right for each and every one of their investors. Over 80 years after its founding, Capital Group now has offices throughout North America, Europe, Asia, and Australia, with over 7,500 employees.
Part of Tim Armour’s expertise lies in managing portfolio. His three decades worth of experience makes him a foremost experience on watching the market and following trends to do what is best for the company’s investors. Tim believes that 2017 should be a very interesting year. As interest rates have increased twice in a year, Tim believes the most important issue will be corporate earnings. Corporate earnings will mainly rely on how quickly global domestic products grow, not just in our country but also in other countries all over the world.
Tim believes that with the recent election, there will be a faster global growth and this growth should be reflected in corporate earnings. He also believes that the company needs to pay close attention to the divergence in the growth rate within the country in relation to the growth outside of the country. With Europe and Japan having problems, they still seem to be growing. Investors need the entire global economy to get going however, in order to fuel a corporate earnings growth that is so necessary.