Timothy Armour is an investment analyst and adviser who holds a BS degree in economics from Middlebury College. Tim has spent his entire career with Capital Group, joining the company in 1983 through the associate’s program. Today, 33 years later, he is the chairman and chief executive officer of the firm. Capital Group founded in 1931 in Los Angeles, California as a small investment firm has grown to be one of the largest and most respected financial institutions in the world with offices located throughout the United States and the world. Founded on the principle that proper research can lead to good long-term investments, the company and its 1300 plus associates continue that philosophy to this day.
Early in his career, Timothy Armour was an equity investment analyst; he analyzed U.S. service companies and global telecommunications as a member of the associate’s program. Later Tim Armour became an equity portfolio manager and was named as one of eight members of the management committee where he served as chairman. In this position, he was a vital deputy manager serving under then company head Jim Rothenberg. When Jim Rothenberg died of a heart attack in 2015, after just celebrating 45 years with the firm, Tim became the chairman and chief executive officer of Capital Group.
In 2015 Capital Group formed a partnership with Samsung Asset Management, a South Korean based asset management company. By Working together, they will offer investment planning for institutional and retail investors in Korea. Capital Group will help their Korean partners with administration techniques, used at Capitol Group, in both client and business management. Timothy Armour states the overall plan is to co-design investment opportunities designed to meet the needs of Korean investors. Timothy Armour says they will focus on retirement plans and offer asset distribution products that will add to Samsung’s investment capabilities.
Recently Tim Armour commented on the election of Donald Trump and how he feels it will affect the market. He feels markets are on the verge of experiencing faster economic growth, higher interest rates, leading to a rise in inflation. While markets have shown signs of fatigue lately, equities are attempting to set new highs and bond markets are stabilizing. He feels the results of the election will be huge and are “for real.” Noting interest rates have been on the decline for most of his career, he feels they have bottomed out and will probably rise. He fears turmoil in the coming months because of uncertainty about future government policies.