What You Need To Know About the successful Career of Randal Nardone, Principal, Fortress Investment Group
Randal Nardone began his career in a law firm Thacher Proffitt & Wood. He later joined BlackRock Financial Management, Inc before working at UBS in 1997. In 1998, he co-founded Fortress Investment Group and worked in the management committee since its inception in 1998. Randal Nardone has been a member of the Board of Directors of Fortress since 2006. For approximately two years, between December 2011 and July 2013, he became Interim Chief Executive Officer and later confirmed as the CEO in 2013.
Currently, Mr. Nardone, he is a principal of Fortress Investment Group, bringing deep financial and investment experience to the company. Randal Nardone has essential roles in Fortress Group’s subsidiaries including Eurocastle Investment, FM Falstaff Advisors, Impac Commercial Holdings, to name a few. Being a successful entrepreneur, Nardone was named in World Billionaires List in 2007, published by the Forbes Magazine.
Mr. Nardone received a Bachelor’s Arts degree in English major and Biology major from the University of Connecticut. He also received the prestigious J.D. from Boston University School of Law.
About Fortress Investment Group LLC
Headquarter in New York, Fortress Investment Group, is a reputable global investment institution founded in 1998. The company employs over 1000 professionals in asset management and investment departments. It has over 1750 institutional and private investors with over $43 billion assets under its control, as of June 2018. The company has provided long-term investment solutions and risk-adjusted returns in real estate, private equity, and investments. Fortress Investment Group is the first alternative investments manager to go public at the New York Stock Exchange.
Acquisition by Softbank
Japanese multinational Softbank Corporation later acquired it in 2017, to pursue investment opportunities. Soft Bank has been involved in innovative investment in, technology-based companies, information related, internet of things, clean energy, artificial intelligence among others. The principal of fortress Randal Nardone believes that Fortress Investment Group deals with Softbank puts the company in a strategic position to give better returns in the three areas the company has been pursuing namely: private equity, credit, and long-term financial vehicles.