James Rothenberg, Chairman of American Funds parent Capital Group, dies

Reuters News
Posted: Jul 21, 2015 11:54 PM

(Reuters) - James Rothenberg, chairman of U.S. fund manager Capital Group Cos Inc, died on Tuesday due to a heart attack, the company said in a statement. He was 69.

Rothenberg, who recently completed 45 years with the company, had served as vice chairman of the board and a portfolio manager of Growth Fund of America. He was a member of the Capital Group Management Committee.

"His intellect, passion and energy were a source of inspiration to all of us and to our more than 7,600 associates world-wide," the committee said.

Paul Schott Stevens, the president and chief executive of the Investment Company Institute, a mutual-fund industry trade group, said in a statement Tuesday evening the organization was "deeply saddened" by Rothenberg's death.

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(Reporting by Ankush Sharma in Bengaluru; Editing by Anupama Dwivedi)