Capital Group has recently grabbed the headlines by appointing Tim Armour as its Chairman. The leading investment company made the bold move as a means of promoting business growth and development.
Before his recent appointment, Mr. Armour had served as a Chairman of the firm’s management committee. Apart from serving as Chairman, he intends to foster synergy with several influential heads of the department such as Rob Lovelace, President of Capital Research & Management Company and Phil de Toledo who serves as President of Capital Group.
As members of an elite team, the officials are expected to implement the enterprise’s operations and boost business strategies courtesy of effective communication. More importantly, Mr. Armour’s appointment was made after the sudden death of the firm’s former chairman, Mr. Jim Rothenberg.
While addressing company workers, Armour reiterated the tremendous role played by Rothenberg in Capital’s development as well as the indelible mark left by his colleagues. Tim Armour’s insightful leadership and business acumen played a crucial role in attracting clients and investors. Capital Group has solely developed courtesy of collective talents and skills in the achievement of company goals and results. As a result, the 7,600 in-house associates have gone above and beyond to ensure that the firm’s legacy is upheld at all times.
Capital Group Forms a Formidable Partnership with Samsung Asset Management
Capital Group and Samsung Asset Management have joined efforts to promote business development and customer attraction. With assets valued at $ 1.4 trillion, Capital Group deemed it necessary to partner with the Korea-based firm to co-develop asset allocation products, retirement packages and promote Samsung’s investment capacity. The business venture is viewed as a boost in the company’s quest to become a top Asian asset management entity.
SAM’s CEO, Sung-hoon Koo, has emphasized the company’s commitment to upgrading its equity investment capabilities and strengthens the allocation product strategies. Additionally, the two firms have pledged to support dissemination of Capital’s products and services across Samsung’s channels. The venture aims at fulfilling the retirement and savings’ needs of local investors.
Tim Armour’s Perspective on Market Selloff In September 2015
Mr. Armour has provided a detailed insight into the market selloff during a September interview. According to the CEO of Capital Group, slow economic growth in the Far East was a cause of concern to investors. Such an economy would ultimately lead to a deteriorating economy that would affect investor confidence in the region. Low-interest rates and oil prices aggravated the situation by contributing to low-profit margins. It is high time that China made periodic changes to its economy lest it scared off more investors.