Category: CEO Profile

The contribution of Gregory James Aziz on the success of National Steel Car

The National Steel Car as a company

Under the leadership of Gregory James Aziz, the National Steel car has been ranked the best in car manufacturing. The company is based in Ontario. The company has had more than a century of continued operation in freight manufacturing. Owing to the demands of the clients, the organization has been very keen on the production of quality cars to satisfy the needs of the customers. Other than just the manufacturing of cars, the company is dedicated to providing several other social works with the aim of giving back to the community.

The early life of Gregory James Aziz

Gregory was born in April 1949 in Ontario, London. He first attended his college in Ridley College then later studied economics at the University of Western Ontario. After his studies, Gregory worked together with his family in their food company which grew after his input. Later, between 1980 and early 1990s, he worked with different banks at a variety of positions.

His influence in the growth of the manufacturing company

In 1994, Gregory Aziz became one of the brains behind the purchase of National Steel Car from Dofasco. By this time, the company was only based in Canada, and James Aziz had better plans with it. After its purchase, Greg focused on making the company stronger. He ensured that the core values are strengthened. On top of this, Gregory J Aziz made sure that the annual manufacturing of cars increased from 3000 to 12000 in five years from its purchase. With this improvement, the rate of employment equally had to grow, and this provided many opportunities to the residents.

Gregory’s success as the president

Under his leadership, the National Steel Car has been on the top of its competitors for several years. In North America, it is the leading company producing quality cars. It is the only railroad freight car with that is ISO certified. Since 1996, Gregory ensured that the company should focus on quality and market will develop on its own. For over twenty years, the National Steel Cars has been seen to produce the highest quality cars, and it has received its certification over these past decades. In five years, the company increased the employment population from 600 to 3000 between 1994 and 1999. His knowledge and experience in the manufacturing fields have been attributed to the successful operation of this company.

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Post-Trump Market Changes Usher In A New Economic Era

Asset manager, Tim Armour, believes the Trump presidency will be accompanied by quicker economic growth, high inflation, and rising interest rates. The head of Capital Group noted that the unexpected victory of Donald Trump during the recent elections had resulted into fatigued markets. Although the bond market has so far stabilized, the equities are struggling to set new highs.

The chairman and CEO of the Capital Group has accepted that the market shifts caused by the elections are enormous and real. Such a confirmation by the head of an investment group charged with managing over $1.4 trillion came as a surprise to many people who had previously believed that the economic impact of the election was just a mass media story or a euphoria.

He asserted that although the recent decades have been associated with falling interest rates in the United States, the reign of President Trump could push the trend to the opposite direction. According to Tim, the resulting effects of his presidency are huge and will significantly affect investments across many sectors.

Despite impressive market statistics, many asset managers are still skeptical about the changes. After almost ten years of sluggish economic growth and subdued interest rates, they believe that the decade-long trend will continue. These professionals believe that the market euphoria caused by the election will fade.

As an experienced professional in the field, Tim Armour accepts that market regime changes are not easy to identify. There is always a possibility of many financial experts getting it wrong. However, he is confident that there will be more market turbulence in the coming months. The main cause of this instability will be the many uncertain policies the trump government is expected to implement.

About Tim Armour

Timothy (Tim) Armour is a long serving professional at the Capital Group. The executive leader joined the firm over three decades ago. He rose through the ranks to become a senior leader at the company. In 2015, he was appointed the Chairman and the CEO to replace James Rothenberg who passed away. Despite being in the leadership position, Tim is still an active asset manager at the firm. He manages many assets, including the $100 billion American Capital Income Builder Fund Management.

Tim is a graduate of the Middlebury College, where he studied economics. Before being recruited in the Capital Group’s administration, he participated in the company’s Associate Program. The company is regarded as one of the largest investment firms in the United States.