UPDATED May 10th, 2017 – Timothy Armour shares his thoughts on why he thinks Warren Buffett’s popular investment strategy is wrong, read more at cnbc.com.
With more than thirty years of in-depth investment experience, Timothy Armour has taken on the role of chairman of Capital Group
Armour will collaborate with senior members of the firm, Capital Research and Management Company president Rob Lovelace and Capital Group president Phil de Toledo, to carry out Capital’s business undertakings and guiding principles.
Armour, who began his career with the Capital Group in 1983 in The Associates Program, took over as chairman following the passing of former chairman James Rothenberg in July 2015.
Rothenberg joined the Capital Group in 1970 and helped the company expand worldwide.
Tim Armour commented in a statement at the time how deeply Capital Group expressed grief for the loss of their friend and colleague.
Armour also pointed out the company’s strength comes from its collective talents to deliver long-term investment results.
The Capital Group, which was launched in Los Angeles, California in 1931, is recognized as one of the world’s oldest and largest investment management companies and is known for its long-term focus. It has offices in more than 20 cities including London, Tokyo and Sydney.
Moving forward, the Capital Group announced a strategic partnership with Samsung Asset Management to collaborate on global investments and asset management products for the Korean market.
Specifically, the two companies will focus on four areas: investment administration, product supervision, retirement organization and support for distribution channels.
Armour said in a statement that Korea is dealing with statistical challenges with regard to the continuing financial requirements of an ageing population. According to Armour, the company will assist in co-designing investment results for the Korean market.
Independent investment research firm analyst Janet Yang recently gave Capital Global an A rating for maintaining its enduring franchise.
Yang reported Capital Group, with more than $1.4 trillion in assets and more than 7,000 employees, continues its advancement with attention to investing and creating solid long-standing end results.
In her report, Yang stated Capital Global continues to be a shining model of a solid, robust investment culture helped by longtime portfolio managers that include Armour, Lovelace and Darcy Kopcho. She also maintained it is not uncommon for portfolio managers to spend their entire investment careers at Capital Global.
Near the beginning of his career, all with Capital Global, Armour worked as an equity investment analyst on global telecommunications and as an equity portfolio manager. Armour graduated from Middlebury College with a bachelor’s degree in economics.
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