Tim Armour was named the Chairman of Capital Group on July 28, 2015. He was appointed this position after the board deliberated new leadership in the firm, following the passing of respected former Chairman, Jim Rothenberg. Tim has over 30 years of experience in Investments, all due to his working at Capital Group. Capital Group is one of the world’s foremost leaders in investment management, and Tim has steadily and consistently worked his way up in leadership positions within the company. Tim Armour began his investment management career in 1983, as a participant of The Associate Program within Capital Group’s company.
Tim Armour was educated at Middlebury College where he received a bachelor’s degree in Economics. He is currently based in Los Angeles, California, and in addition to working at Capital Group, Timothy Armour also is Chair of Capital Research and Management, Inc. Chairman Armour also has an extensive background in U.S. service companies, global telecommunications, and spent his early years at Capital Group as an equity investment analyst.
In regards to the selloff in 2015, Tim Armour maintained level headed analysis of the market. Many stockholders bemoaned the slowing economic growth of China, and the ensuing market instability. However, Tim noted that the U.S. market had been on a bull run for the past 6 years and that market correction is a natural and expected event that is healthy for the U.S. and global markets. Stocks are being valued as they should and if the Fed Reserve maintains higher interest rates, capital will be directed to the areas that are needed. Tim Armour has predicted that the economy will be undergoing a transition from closed investor focused markets to more consumer-led focus. Transitions may be difficult, but with proper analysis and good management, the economy is healthy and going through necessary growing pains.