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$2.2tn US asset manager names new CEO and CIO

Capital Group has made major leadership changes including its chairman, CEO and CIO, according to an internal memo seen by Asian Private Banker. Mike Gitlin will become president and CEO of Capital Group and chair of Capital Group’s management committee. Current CEO Tim Armour will retire at the end of 2023 after a 40-year career with the firm. Gitlin has…

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