Change of Leadership at Capital Group after the Death of Rothenberg
According to a news release published on the Capital Group’s website, the board of directors announced the appointment of Timothy Armor as the Chairman of Capital Group. Capital Group is a reputable firm, the home of American Funds and also one of the leaders in investment management firms in the world. Before appointment to this position, Tim was the Chairman of Capital Group’s management committee and also the Capital Research and Management Company.
Appointment to the current position
Tim was appointed to his current position after the passing away of Jim Rothenberg who was the Chairman of the Capital Group. Tim and his colleagues were saddened by the loss of their cherished leader, Jim Rothenberg. Tim was appointed to assume the leadership role of the company and tasked with the responsibility of steering the firm forward. Tim has for the last 32 years demonstrated unmatched leadership skills, which is one of the main reasons the board of directors had so much faith in him.
Timothy Armor together with other senior members of the company’s management committee was tasked with overseeing the firm’s operations, to set, communicate and implement the overall business of the enterprise. After taking over from Rothenberg, Tim is expected to help the company officials to figure out how they will continue to reach out to existing clients as well as expand into new markets and more information click here.
The 57-year-old Tim went to Middlebury College where he graduated with a Bachelor of Arts degree in Economics. The university was founded in the 1800s and is considered to be one of the oldest liberal arts schools in the United States. Timothy began his career officially with Capital Group in 1983 and had spent the last three decades in working for Capital group until in 2015 when he was appointed as the Chairman and resume him.
Tim’s advice to investors
Timothy has been giving advice to investors who are seeking for guidance in their careers. Tim notes that to succeed as an investor, you must find active managers who earn their keep. Tim views the firm’s collaboration with Samsung Asset Management as an important change in Korea since it’s facing demographic challenges in meeting sustainable economic needs of a population that is aging. Tim even compares what Capital Group has done for the United States, for instance, supervising resources through all market cycles. Tim says that this will be a great opportunity for Korean Investors to put their investments in various industries and learn more about Timothy.
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