Timothy Armour’s Background
Timothy Armour chairs the Capital Group, a universal leader in security solutions.
Following the untimely demise of former chairman, Jim Rothenberg, Timothy was appointed to the post. He currently lives in Los Angeles, California.
Armour’s vast experience with the firm made him the frontrunner in replacing the gone boss. He spent his entire career, traversing over three decades, at Capital Group. Over the years, his career had gradually progressed, moving up the ladder from a rookie associate to chairman. Timothy attained an undergraduate degree in Economics from the Middlebury College.
Partnership with Samsung
Capital Group brokered a deal that would escalate their influence in the securities industry. They reached an agreement with Korea investment titans, Samsung Asset Management. The contract would see the group spread their outstanding services to Korea and Eastern Asia at large. Timothy’s company would use Samsung Assets’ vast distribution networks, according to the pact.
Chinese Market Sell-off
Investors expressed qualms over the sluggish growth of China’s economy. The Chinese government was forced to conduct a selloff, to mitigate the effects of a lackluster economic growth. With China being a major player in the global economy, their actions had adverse side effects internationally. Export activities reduced drastically. Timothy suggested a drop in oil prices to boost the economy as the appropriate way to mitigate the menace. He accredited the dawdling growth to China’s switch from a closed, stakeholder-based economy to an open, and consumer-centred one.
Choosing the Right Manager
Tim Armour advised investors to seek managers who will assure them of maximum profits. He stressed that hiring mediocre managers translates to meager returns. He outlined qualities such as proactive thinking and willingness to take significant risks as the ones that separate elite managers from average ones. Finally, Timothy noted that leaders who partake significant risks usually earn the great rewards.