• RankiaPro Europe
    • RankiaPro Spain
    • RankiaPro LATAM
    • RankiaPro Italy
SUBSCRIBE
Search
Close
  • Home
  • Insights
    EQUITIES
    EQUITIES
    FIXED INCOME
    FIXED INCOME
    ESG
    ESG
    INTERVIEWS
    INTERVIEWS
    MARKET OUTLOOK
    MARKET OUTLOOK
    ETF
    ETF

    Featured

    Cover-Silicon-Valley-Bank-bankruptcy
    Insights

    Silicon Valley Bank bankruptcy: the market reactions

  • News
    APPOINTMENTS
    APPOINTMENTS
    LAUNCHES
    LAUNCHES
    ASSET MANAGERS
    ASSET MANAGERS

    FEATURED

    cover-naim-abou-jaoude-ceo-candriam
    Asset Managers

    Candriam to acquire majority shareholding in Tristan Capital Partners: a leading european real estate manager

  • Magazine
  • Events
    RANKIA FUNDS EXPERIENCE
    EVENTS & CONFERENCE CALLS
    EVENTS & CONFERENCE CALLS
    RANKIAPRO MEETINGS
    RANKIAPRO MEETINGS
  • Podcast
  • MiFIDII Training
Menu
  • Home
  • Insights
    EQUITIES
    EQUITIES
    FIXED INCOME
    FIXED INCOME
    ESG
    ESG
    INTERVIEWS
    INTERVIEWS
    MARKET OUTLOOK
    MARKET OUTLOOK
    ETF
    ETF

    Featured

    Cover-Silicon-Valley-Bank-bankruptcy
    Insights

    Silicon Valley Bank bankruptcy: the market reactions

  • News
    APPOINTMENTS
    APPOINTMENTS
    LAUNCHES
    LAUNCHES
    ASSET MANAGERS
    ASSET MANAGERS

    FEATURED

    cover-naim-abou-jaoude-ceo-candriam
    Asset Managers

    Candriam to acquire majority shareholding in Tristan Capital Partners: a leading european real estate manager

  • Magazine
  • Events
    RANKIA FUNDS EXPERIENCE
    EVENTS & CONFERENCE CALLS
    EVENTS & CONFERENCE CALLS
    RANKIAPRO MEETINGS
    RANKIAPRO MEETINGS
  • Podcast
  • MiFIDII Training
Search
Close
Search
Close

Home | Capital Group announces start of long-planned leadership transition

Capital Group announces start of long-planned leadership transition

The company announced its board of directors has approved the election of leaders to new roles. Changes will be effective as of October 24.
RankiaPro Europe

2023/01/27

Capital Group, one of the world’s largest and most experienced active investment managers, today announced its board of directors has approved the election of leaders to new roles that will assume the management responsibilities of Tim Armour, Chairman, and CEO, and Rob Lovelace, Vice-Chair and President. Armour and Lovelace will both step down from Capital Group’s management committee in October of this year.

The Board of Directors has elected current Capital Group management committee members to the following new senior roles:

Mike Gitlin will become President and Chief Executive Officer (CEO) of Capital Group and Chair of Capital Group’s management committee. Drawing on his strong experience in the investment, operating, and client-facing groups, he will work with other leaders to execute on Capital’s strategy and growth plans.

Martin Romo will become Chairman of Capital Group and Chief Investment Officer (CIO). As CIO, Martin will focus on ensuring that The Capital System™, Capital’s investment process, continues to operate at the highest level. As Chair of Capital Group, he will partner with the other leaders in all aspects of Capital’s strategic goals, culture, and people.

Jody Jonsson will become Vice Chair of Capital Group and will continue as President of Capital Research Management Company (CRMC) and Chair of the CRMC Executive Committee. As with Martin and Mike, Jody’s experience spans the breadth of Capital, and she will help develop and drive strategic vision and execution.

All transitions will be effective as of October 24, 2023.

“Throughout our over 90-year history, continuity and consistency have been a hallmark of how we manage assets for clients, and formal succession planning is critical to delivering superior, long-term investment results for them. I started at Capital right out of college, as many here do,” added Armour. It has been a privilege to be part of building and passing along a strong and unique culture. I am proud to see how well-positioned Capital is and am confident the next leadership group will continue to deliver on our mission, helping people achieve their long-term financial goals.”

Tim Armour, Chairman, and CEO at Capital Group.

The new senior leaders will work with other members of Capital Group’s management committee to deliver on the firm’s existing long-term strategy. The Capital Group management committee sets, communicates, and implements Capital’s global business strategies, while protecting and promoting its unique culture. The changes announced today reflect a leadership succession plan that has been in motion for many years.

Armour will retire at the end of 2023 after a 40-year career with Capital.

“Over the decades, Capital Group has thoughtfully grown to ensure the business is healthy and built for the long term. It is with that same consideration and care that Capital has selected our next leaders. Mike, Martin and Jody are people I have worked with for years and greatly admire.”

Rob Lovelace (He will continue with Capital Group as a portfolio manager).

Capital Group has a long history of being a low-cost active manager pursuing superior returns for investors over the long term. In recent years, Capital has significantly grown its presence in Europe, Asia, and Canada, while doubling its fixed income business, and in 2022 introduced a suite of ETFs that surpassed $6.5B in AUM in just under 11 months.

  • Appointments, Investment Manager

Related Post

COVER-Peter Branner-Abrdn

Peter Branner to join abrdn as Chief Investment Officer

Cover-Sweden-iM-Global-Partner-Stockholm-RankiaPro

iM Global Partner opens new office in Sweden

COVER-Geoff-Dailey-BNPjpg

BNP Paribas AM appoints new Deputy Head of US Equities

NEWSLETTER
If you want to keep up to date with the latest news from the asset management industry and all our events, subscribe now to our newsletter.
Subscribe

Last Tweets

10h

🌤 The crucial role of resources in the energy transition debate

🔗#EnergyTransition #Resources #RankiaProEurope
...https://rankiapro.com/en/crucial-role-resources-energy-transition-debate/

10h

🗣️Change to @Amundi_ENG corporate governance

🔗 #Appoinment #Change #RankiaProEurope
...https://rankiapro.com/en/change-to-amundis-corporate-governance/

13h

🎙We introduce you to the new #AdvisoroftheMonth
João Martins, Senior Private Banker at ABANCA Portugal.
Don't miss
... his interview!

🔗#ProfessionaloftheMonth #RankiaProEurope
https://rankiapro.com/en/joao-martins-abanca-portugal-our-advisor-month/

14 Mar

🗣️ @Robeco launches Sustainable Senior Loan Fund

🔗#PrivateDebt #Sustainability #RankiaProEurope
...https://rankiapro.com/en/robeco-launches-sustainable-senior-loan-fund/

RankiaPro

  • Home
  • Insights
  • News
  • Magazine
  • Events
  • About us
Menu
  • Home
  • Insights
  • News
  • Magazine
  • Events
  • About us

Terms and uses

  • Cookies Policy
  • Privacy Policy
  • Disclaimer
Menu
  • Cookies Policy
  • Privacy Policy
  • Disclaimer

Contact

  • [email protected]
  • (+34) 963 386 976
  • (+34) 640 308 023

Newsletter

If you want to keep up to date with the latest news from the asset management industry and all our events, subscribe now.

Subscribe

All rights reserved © 2003 – 2023 Rankia S.L.

RankiaPro

  • Home
  • Insights
  • News
  • Magazine
  • Events
  • About us
Menu
  • Home
  • Insights
  • News
  • Magazine
  • Events
  • About us

Terms and uses

  • Cookies Policy
  • Privacy Policy
  • Disclaimer
Menu
  • Cookies Policy
  • Privacy Policy
  • Disclaimer

Contact

  • Email: [email protected]
  • Phone: 963 386 976 – 601 302 692

All rights reserved © 2003 – 2023 Rankia S.L.

Manage Cookie Consent
To provide you the best experience on our website, we use technologies like our own and third-party cookies for analytical purposes and to store device information. Consenting to these technologies will allow us to process data such as browsing behaviour or unique identifiers on this site. Not consenting or withdrawing consent may adversely affect certain features and functions.

To learn more, please read our Cookie Policy and Privacy Statement.
Functionality or Personalisation Cookies Always active
These cookies are necessary for the website to function or for the unique purpose of transmitting a communication over an electronic communications network, and cannot be disabled on our systems. Usually they are set up to respond to actions made by you to receive services, such as adjusting your privacy preferences or filling out forms. You can set your browser to block or alert you to the presence of these cookies, but some parts of the website will not work. These cookies allow the website to provide better functionality and personalisation. They may be set by us or by third parties whose services we have added to our pages. If you do not allow these cookies some of our services will not work properly.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics Cookies
These cookies allow us to count traffic sources in order to measure and improve the performance of our website. Storage or technical access which is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing Cookies
These cookies may be site-wide, placed by our advertising partners. These third parties may use them to create a profile of your interests and show you relevant adverts on other sites. If you do not allow these cookies, you may receive less targeted advertising.
Manage options Manage services Manage vendors Read more about these purposes
Cookie Settings
{title} {title} {title}
  • RankiaPro Europe
    • RankiaPro Spain
    • RankiaPro LATAM
    • RankiaPro Italy
Menu
  • Home
  • Insights
    • Equities
    • ESG
    • ETF
    • Fixed Income
    • Interviews
    • Market Outlook
  • News
    • Appointments
    • Asset Managers
    • Launches
  • Magazine
  • Events
    • Events & Conference calls
    • Rankia Funds Experience
    • RankiaPro Meetings
  • Podcast
  • MIFIDII Training

Follow us on social media

Linkedin Twitter Youtube Flickr

NEWSLETTER

Subscribe

Book now

Capital Group announces start of long-planned leadership transition