Randal Nardone is the brain behind the achievements of Fortress Investment Group. When Randal came up with the idea of forming Fortress Investment Group, he was aware that he would face the same problems that other successful businesspersons faced. However, the experience he gained when working in the money market was an added advantage because he knew all the tricks. Through his experience entrepreneurship, Nardone collaborated with other like-minded businesspersons to start Fortress Investment Group. Randal is the current Chief Executive Officer of the group, and his managerial expertise has helped the group’s success tremendously.
Many clients choose Fortress as their strategic investment company to help them revive their poor performing businesses. Its two decades since the formation of Fortress group and Randal has contributed in many broad steps the group has taken thanks to his experience and knowledge. Even though Randal Nardone is a financial expert, he did not intend to specialize in finance. He had studied and mastered law but practiced it in financial matters. This exposure to business led to his change of career from law to business.
Randal Nardone together with Peter Briger and Wes Edens who are the firm’s principals facilitated a merger between Fortress and Softbank. The merger involved the acquisition of Fortress by Softbank for $3.3 billion. However, the three vowed to continue working with Fortress and half of their salary will go to Funds managed by Fortress. Additionally, the professionals in the in the company were retained to foresee the Fund’s performance. Under the merger, the two companies agreed that Fortress would continue to operate independently under Softbank umbrella maintaining its headquarters in New York.
Randal Nardone who doubles as the co-founder and the Chief Executive officer of Fortress Investment Group’s experience in finance extends to over thirty years. He was a partner and board member of Thacher Profitt and Wood Law Company before forming Fortress. Later, Nardone joined Blackrock Financial Management, a related financial firm contrary to his law specialty as its co-principal a position he held until 1997. He then joined UBS for a short while before forming Fortress the following year where he is working to date.
Fortress Investment Group has an incredible financial background. This provide a tremendous opportunity for it to grow and develop since it can be manage to establish more branches across the world. Nardone has been among the great contributors in the success of Fortress Group.