[Congressional Record Volume 169, Number 151 (Tuesday, September 19, 2023)]
[Extensions of Remarks]
[Page E861]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




  RECOGNIZING TIMOTHY D. ARMOUR FOR WORKING TO IMPROVE PEOPLE'S LIVES 
                      THROUGH SUCCESSFUL INVESTING

                                 ______
                                 

                           HON. BRAD SHERMAN

                             of california

                    in the house of representatives

                      Tuesday, September 19, 2023

  Mr. SHERMAN. Mr. Speaker, I rise today to speak about Capital Group 
and one of its retiring leaders, Mr. Timothy D. Armour. Capital Group 
is not only headquartered, but was also founded more than 90 years ago, 
in my hometown of Los Angeles. Today, I want to recognize Tim for his 
contributions to the field of asset management and his dedication to 
the tens of millions of investors in the United States and around the 
world who have entrusted Capital Group to safeguard and grow their 
savings.
  At the end of this year, Tim will retire from Capital Group, a firm 
he joined over 40 years ago at its Los Angeles headquarters. After 
graduating from the firm's early-career rotational program, he served 
as an investment research analyst covering telecommunications and U.S. 
service companies and later as a portfolio manager in several of the 
American Funds. He distinguished himself throughout his career as a 
savvy investor able to identify companies that deliver long-term value 
for their shareholders.
  Tim also served in various leadership roles, including as Chairman of 
Capital Group's Management Committee and Board of Directors over the 
past 8 years. Under his leadership, the 92-year old firm expanded its 
reach to global investors while evolving to meet the demands of a 
changing world and provide for future success for the benefit of 
Capital Group's clients, associates and the communities where those 
associates live and work.
  Tim has been regarded by his colleagues and peers within the 
financial services industry as the embodiment of Capital Group's core 
values. His personal integrity, long-term focus and commitment to 
clients have set the tone for the current generation of the firm's 
associates and created a legacy that the next generation can follow.
  In anticipation of his retirement at the end of this year, associates 
of Capital Group were asked to characterize Tim's leadership with just 
a single word. The words most often repeated included kind, trusted, 
candid, inclusive, present, and caring. One close colleague added, ``It 
is rare to find a leader who cares so genuinely and openly about his 
colleagues and clients.'' I am proud to celebrate the career 
accomplishment of Tim Armour and wish him all the very best in life's 
next chapter.

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