Randal Nardone partnered with a variety of businessmen to form Fortress Investment Group in 1998. He became the firm’s temporary Chief Executive Officer in 2011. After two years, he was handed over the position fully which he holds up to date. Through his leadership, Fortress Investment Group has improved and become the prominent front-runners in the world of making returns and a range of management.
Before he joined Fortress Investment Group, Randal Nardone worked at various companies such that he was a colleague at the law company of Thacher Proffitt and Wood. He also had a role as the principal of BlackRock Financial Management. Earlier, he used to be the managing director of UBS before joining Fortress. In terms of educational background, he graduated with a B.A in English and Biology from the University of Connecticut and a J.D. from Boston University School of Law. Presently, he is also the chairman of Springleaf Financial Holdings.
Furthermore, he functions as a board of director in certain institutions such as Florida East Coast Railway Corp, Eurocastle, Investment Limited, Florida East Coast Holding Corporative, and Seacastle.The employees of Fortress Investment Group are happy and contented with their duties since there is an effective management team, a lot of chances to get educated and solid industry capability. The firm allows its employees to upgrade their skills and education while still in their jobs which makes it easier for them to achieve their goals in life.
In accordance with investments, Randal Nardone has better measures to ensure investments he chooses bring huge returns to the firm. By doing this, it enables the employees to perform their duties rightfully as they have faith in the company they work for. Softbank Group made an agreement of $3.3 billion cash arrangement with Fortress to buy it out. The daily operations of Fortress remain the same despite the acquisition. Softbank is dedicated not to interfere with Fortress management, workers, developments, and culture.
Fortress Investment Group is a venturing management company located in New York. It started as a private equity, which later sold itself to the public. Through the acquisition of Softbank, Randal Nardone assured individuals that the company was back to its feet like in the past. The firm offers services like investment, managing assets, private equity, and everlasting capital investment. In addition, it attends to clients in different organizations and investors globally.TrinaS on .