Randal Nardone co-founded Fortress Investment group, a global investment management company, in 1998. The company currently has roughly 953 asset management employees; as well as, 216 investment professionals that are stationed in New York City and at other offices around the world. In addition, Fortress has $43.6 billion assets under management.Randal Nardone has served on the management committee since the company was established in 1998. In 2006, Nardone became a principal and a member of the Board of Directors. Additionally, from 2011 until 2013, he served as interim Chief Executive Officer and was given the official Chief Executive Officer role in 2013.
As the CEO, he is the highest-ranking person in the company and among many other responsibilities, aids in making managerial decisions.Randal Nardone earned a Bachelor of Science degree at the University of Connecticut and his Doctor of Jurisprudence at Boston University. Before Randal Nardone co-founded Fortress, he held a number of positions to give him the experience he’d need to be successful. After graduating with his Doctor Jurisprudence, Nardone became a partner and executive committee member at the Thacher Proffitt & Wood law firm. After his time at the lar firm, he took a position as a principal at BlackRock Financial Management. After which, from 1997 until 1998, when he co-founded Fortress, Randal Nardone worked at UBS as a managing director.
In December of 2017, SoftBank Group Corp. completed its acquisition of Fortress Investment Group. Closing this deal means that SoftBank Group owns all outstanding Fortress shares. As it stands Fortress will continue its operations, with headquarters in New York City, within SoftBank as an independent business; thus, allowing the Fortress Principals, Pete Briger, Wes Edens, and Randy Nardone to continue in their various leadership roles. Some might worry about what this acquisition means for Fortress; however, SoftBank has clearly identified that they wish to keep Fortress’ current leadership, as well as their business model, and the processes they follow to ensure continued success.
Fortress Investment Group has been making headlines in most platforms in the recent times. The American based company has been pleasing its customers from different parts of the globe by offering them excellent services. Fortress Investment Group has only been operating for a period of ten years, and its customers are contented about the services they are getting.The company was brought into the American market when everyone was looking for an alternative investment company they could trust. After the financial crisis, most of the financial institutions in the market were closed down because they could not afford enough funds to run them. Fortress Investment was not scared of the situation that was taking place in the market. The institution was already prepared for any challenge that was going to come its way. The founders of the finance company have played a very paramount role in the success it has been getting from day one. Led by Wes Edens, these professionals were already aware of the kind of services the consumers lacked.
These experts had dealt with bigger problems in the past, and they were equipped with all the skills that the company would need to maneuver the tight markets. One decade later, Wes Edens and his capable team have all the reasons to smile. The professionals have been able to raise a successful company despite the many hardships that have hit the market over the years. Wes Edens and the other company leaders consult whenever they are faced by a challenge, and they end up making the best decision that makes things better for the finance company. The company has only been expanding because of its capable leadership. Apart from having very capable company founders, the Fortress Investment Group always takes time to vet its employees. This has been one of the most effective strategies used in the company since it was started many years ago.
These leaders always understand that the company employees will determine the direction will take, and this is why they have decided that they will be employing individuals who are experts in all the fields.These professionals are also trained by experts before they could start working in the large company. According to the company website, working with Fortress Investment Group comes with so many benefits. First of all, all the people in the company get very good wages at the end of the month. There are several other benefits for the company employees, and this makes them very happy people when they are accomplishing their tasks. Fortress Investment Group has also been taking part in various community initiatives in the past. The company management knows that it has a special role to play in the communities that live close to them, and this is why it has sponsored several causes in the American society. These noble deeds have made the company very popular and respected among people from all parts of the country. Despite the tough financial times, the company has only been getting profits.
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