Capital Group is a leader of financial investment sector in today’s world. It was founded in 1931 by Jonathan Bell in Los Angeles city of California. Tim Armour is the current leader of this financial institution. He has various positions in the Capital Group. Tim Armour is the Portfolio Manager, Chief Executive Officer, and Chairman. Capital Research and Management is a sub-company of Capital Group, and Tim Armour is its Principal Executive Officer and Chairman. He has only worked in the Capital Group during his whole career. Tim Armour acquired the right education before joining the Capital Group. Timothy went to Middlebury College to study economics. After completing his degree in 1983, he joined the associate program of Capital Group. Due to his impressive performance, he was given the opportunity to work in the organization.
Before Tim Armour, Jim Rothenberg used to be the company’s Chairman. Unfortunately, Jim Rothenberg passed away, and someone brilliant was needed to take the responsibility. The top management of the company was sure Armour is the right guy for this job. Therefore, Tim Armour was elected as the Chairman of the Group. His current responsibilities are to take care of operations, communication, and business strategies. According to CFA Janet Yang, he can predict the future through his analysis. He knows what the businesses want and what their employees want. He has contributed a lot to the success of Capital Group which makes him the perfect choice for this position. It’s really good that people at the company elected him. Everyone was surprised when Tim Armour chose Netflix over Blockbuster sixteen years ago. Blockbuster was making millions while Netflix was just a startup. Today, Blockbuster is bankrupt while Netflix is a huge success.
Fortunately for everyone, Armour explained later why did he make that decision. According to him, the reason was the index fund of Netflix. They must understand how things have changed during the US economic recovery. The profit margins are very less so revenues cannot be increased much. The price of oil is continuously changing, and interest rates are high. That has challenges as well as opportunities. In-depth analysis is vital to understanding that. Armour is working with Samsung nowadays to finalize their Asset Management Program that is about employee retirement benefits.