News | Capital Group (2024)

FAQs

Who owns Capital Group? ›

Ownership. As of 2019, the company is owned by 450 partners.

Capital Group, the Los Angeles-based advisor of the American Funds family, let go 3% of its workforce, or about 300 people, in March 2023.

We are among the world's largest asset managers

We help millions of individual and institutional investors worldwide, managing more than US$2.5 trillion globally and C$15 billion in Canada. * You can depend on us to be a long-term partner that strives to share economies of scale with investors and provide solid value.

As new CEO and president, Mike Gitlin travels frequently to connect with clients and colleagues across the globe. In the last 2 weeks, he's visited Capital Group offices and clients across Asia.

On or around July 1, 2024, American Funds Distributors, Inc. will be renamed Capital Client Group, Inc.

Los Angeles, CA — Downtown.

Our more than 8,800 associates in 32 offices around the world help our clients and each other grow and thrive every day. Meet the leadership team that guides our organization in its mission to improve people's lives through successful investing.

Capital One decided to eliminate more than 1,100 “agile” positions. This news has undoubtedly affected members of our community, both within Capital One and beyond. According to Bloomberg, Capital One is eliminating more than 1,100 tech positions as part of a broader effort to cut costs and improve efficiency.

Capital Group worldwide assets under management exceed $2 trillion USD.

Is Capital Group FDIC insured? ›

Get all the latest news and research from Capital Group. Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.

Canise Arredondo is chief financial officer at Capital Group.

As previously announced, Tim Armour will retire as Chairman and CEO and Rob Lovelace will step down as Vice Chair and President, remaining at Capital Group as a portfolio manager.

LOS ANGELES, October 26, 2023 – The Capital Group Board of Directors elected Mike Gitlin as President and Chief Executive Officer, Martin Romo as Chairman and Chief Investment Officer, and Jody Jonsson as Vice Chair of Capital Group.

Read More. Founded in 1995 and formerly owned by Lloyd's Banking Group, Capital Finance Australia was acquired by Westpac Banking Corporation in late 2013.

Viktor Prokopenya is a serial technology entrepreneur and the founder of global investment firm VP Capital. Through VP Capital, he owns 100% of the shares in Capital.com.

BlackRock is not owned by a single individual or company. Instead, its shares are owned by a large number of individual and institutional investors. The biggest institutional shareholders such as The Vanguard Group and State Street are merely custodians of the stock for their clients.

We are independent and privately owned.