A Brief Overview Of Randal Nardone’s Career In The Financial Industry
Fortress Investment Group is an investment giant founded in 1998 with a group of 3 individuals who had gathered enough experience in the financial industry. The three investors include Wesley Edens, Rob Kauffman, and Randal Nardone a Connecticut University graduate with a degree in English. He also attended Boston University School of Law for his LLB honors.
Randal Nardone’s career took off at Thatcher Proffitt & Wood as a partner in the legal department. While working at the law firm, he developed an interest in Financial investments and thus maneuvered his way into the industry starting as the principle of Blackrock Financial management. Randal later moved to become the managing director in the Union Swiss Bank (USB). The Forbes listed him as one of the wealthiest men on earth with a net worth of approximately $1.8 Billion coming up in number 557. He has served across eight boards in 20 different organizations in one of the prominent roles.Randal Nardone is the chairman of Springleaf Reit Inc. and Springleaf Holdings Ltd, the director of Eurocastle Investments and Florida East cost holdings and the Chairman of Fortress Investment Group.
In Fortress Investment, he works with a team of more than 2500 employees who in their opinions say, Randal Nardone is a team player and one of the most relaxed individuals to get along with. Together with his partners and his team, he has seen the organization into bugging several wards like the Management Firm of the year award and the Hedge Fund award. They have managed assets for over 1750 clients across the world, advising them on their property management and investment plans.
When the company decided to sell its shares to the Softbank Group, Randal Nardone supported the move saying it was what they needed as an organization considering all their private equity assets were dragging. He added that it was a calculated move that would help them maintain their clients because they will have more assets. Despite being kicked out of the New York Stock market, the SBG let the Fortress operate independently holding on to the existing leadership, staff, and culture with its headquarters in New York.