Timothy Armour background
In July 28th, 2015, The Capital Group, which is one of the world’s leading Investment firm, appointed Timothy Armour as its Chairman. At the time of the appointment, Timothy Armour was serving as the company’s chairman of the management committee. Following the death of its former chairman, Jim Rothenberg, Timothy was considered the most qualified individual to take over the vital leadership position.
Timothy Armour graduated with a Bachelor’s degree in Economics from Middlebury College in 1983; soon after he joined the Capital’s Group Associates Programme. His position at the company as an Equity investment analyst saw him dealing with global telecommunications and U.S service companies. Timothy is considered a veteran investment manager as he has served in the company, in various capacities, for more than 33 years. Evidently, his dedication and commitment as a long serving employee were invaluable to the company. The Capital Group recognized Timothy’s ambition, potential,and leadership qualities.
Hence his current election is a result of the company’s leadership succession strategy that was formulated years ago. Being at the helm of a leading investment firm, Timothy together with the other company leaders, continue to communicate, oversee, and implement the company’s business strategies.
Chinese market selloff
As an authoritative voice in the global financial community, Armour’s advice and perspective regarding financial markets is highly sought. In a recent interview, regarding the market selloff sparked by China, Armor noted that the U.S had experienced a bull run of six years as well as fairly valued markets. He further observed the market volatility as a form of market correction which is necessary and healthy as it helps eliminate pockets of excess.
Post Trump market change
Following the surprise election win of Donald Trump, the financial markets are facing drastic shift and changes. In an interview with The Financial times, Armor noted that the Post Trump market changes have resulted in global markets facing rising interest rates as well as higher inflation. He further warned that there would be some challenges ahead due to the uncertain policies of the incoming government.