Jon B. Lovelace of The Capital Group died Wednesday at age 84. In 1951, Lovelace joined Capital Group, which his father, Jonathan Bell Lovelace, founded. His legacy was turning Capital Group into a pioneer in international and emerging market investing, a team approach to fund management and long-term investing.
“For many of us, Jon Lovelace represents Capital,” said Capital Group non-executive Chairman James Rothenberg. “His legacy is an organization of incredibly talented people, a unique approach to the investment challenge, and a culture that is broadly admired. He touched so many lives in so many positive ways.”
Capital International Chairman Emeritus David Fisher, added, “He was an extraordinary and understated gentleman. His values have been the cornerstone of Capital, and I hope they will continue to permeate the company in the future.”
-- This article first appeared on Money Management Executive.