In 2015 ,the Capital Group and Samsung Asset Management created a partnership to develop asset management properties and services for the Korean market. The two firms agreed to collaborate in creating retirement solutions, investment management strategies, distribution channel support and product management services.
Timothy Armour, the chief executive officer of Capital, stated that the main aim of the contract was to create more innovative and satisfying retirement, savings and insurance plans for Korean investors. He assured the future clients that they were applying the 84-year-old Capital System to design the products and adhering to the philosophy of aligning their vision to that of their long-time investors and partners.
Timothy joined Capital in early 2015 as chairman of Capital Research and Management Company and Capital Group’s management committee. His recruitment followed the demise of the former director of the respective offices. During the initiation ceremony, Tim Armour stated that the loss of the former official was a loss to everyone within and without the Capital Group. He regarded Jim Rothenberg as a decisive and purposeful leader who always catered to the needs of the firm’s investors, clients, and associates. Timothy expressed his admiration for the enterprise’s collective effort in creating a stronger business and stated that all the associates had an intense dedication to their work. Timothy concluded that he would continue to develop exceptional and long-term investment solutions with the support of the firm’s 7600 associates and the management committee.
Timothy is a qualified economics professional with a bachelor’s degree from Middlebury College. He has more than 32 years of experience in the field and thorough understanding of Capital’s investment program. He began his career as an associate of Capital Group dealing with global telecommunications and US service firms. Currently heads the firm as chairman, equity portfolio manager and principal official.