Glenn Laken

Capital Group Finds A Perfect Replacement For Their Top Leadership Position

The Capital Group elected Mr. Timothy Armour as its chairperson in what symbolized a neatly strategized leadership succession plan. The election came as the company was considering a level replacement in their top rank position, following the untimely demise of Mr. Jim Rothenberg; the immediate former chairman of the group.

Mr. Armour, an experienced market funds investor, has served in several positions in the companies. The Middlebury College Economics graduate joined the Capital Group in 1983 as a participant in the Associate Program. Up to his election as the chairperson, he was the head and the principle executive officer of one of the Capital Group subsidiaries, the Capital Research and Management Company, Inc. Tim has also served as the chairman of the Capital Group Companies Management Committee.

An experienced and skilled market fund manager, Mr. Armour never lacks advice to budding investors as well as those businesspersons struggling to make it in the market. His stance has always been ‘find active managers who earn their keep.’ This form of investment involves studying the position of the firm against future uncertainties, and this requires experienced managers who ‘earn their keep.’

Tim’s view on the 2015 market instability is quite analytical. To him, the most crucial driving force of the selloff was the move to devalue China’s currency, which led to a great effect on financial markets. China accounts for almost 15% of the global GDP. It thus plays an important role than ever before in the global economy. Countries with significant trade ties with China, therefore, were to expect a decline in export activities as a result of China’s currency devaluation. Timothy Armour offers a viable suggestion though: the economies should lower both oil and commodity prices as well as interest rates, which could see a boost to the global economy.