Since 2002 the lending company, Equities First Holdings, has been providing capitol for individuals or businesses. This company provides is able to provide a type of freedom with cash for anyone is able to demonstrate a high value net worth. When the United States market began to deal with liquidity, the company began operations to give investors a sign of relief to their financial problems with banks. Over the years the company has been able access loans even for start-up capitol to their clients. It has expanded to operate in countries all over the world, from United States, to Sydney, to United Kingom, to China, London, even Japan, South Korea, etc. The company has about five different operating principles, each of them has to be able to manage a designated portion of business. With all their fantastic work the company still continues to provide all businesses or individuals with relief.
Randal Nardone is a well-known Lawyer the shift gears into finance. After getting it started Thacher Proffit & Wood, he advanced up the ranks at BlackRock Financial and then eventually the Union Bank of Switzerland. While working in a high capacity for one of the prolific Swiss banks in the world may seem like a very lofty target for most, this simply was not enough for him. It’s for this reason that Randal Nardone established Fortress Investment Group in 1998, and the company has exploded in growth since then.
It is this recent growth that has given him a coveted spot on Forbes Billionaire list. With a net worth of $1.8 Billion, Randal Nardone is currently the #557th ranked billionaire, all while being entirely self-made. His incredible wealth is almost entirely tied to his stake in Fortress Investment group. In addition to this, he has earned over $100,000,000 in other cash compensation.
Today Randal Nardone continues to serve as the CEO of Fortress Investment Group. Is return to the company in 2011 was altogether fitting, considering his role in the beginning. As of a report on June, 30th 2016 the company manages more than 70 billion dollars in alternative assets. These assets are split among private equity, liquid hedge funds, as well as credit funds.
Beyond the obvious financial achievements of Randal Nardone come a wealth of other achievements. In 2014, under his guidance fortress Investment Group was awarded “Hedge Fund Manager of the Year” by Institutional Investor as well as “Managment Firm of the Year” by HFMWeek. Additionally, The company has been recognized and praised by Institutional investor as being the Discretionary Macro-Focused Hedge Fund of the Year” for 2012, as well as “Credit-Focused Fund of the Year” for two years in a row from 2010 to 2011.
All this has come together with the company’s most recent development, the acquisition by SoftBank Group. Initially planned outon February 14th, 2017 Softbank agreed that it would buy the company for $3.3 Billion. This acquisition completed in December that same year.
At just 51 years of age, Randal Nardone has achieved a considerable fortune. He’s been able to make his success through strong connections with other brilliant investors as well as a steadfast dedication to his company’s continued success. While Fortress Investment Group may no longer be a stand-alone entity, his influence still lives on with him as the CEO of the company.
For details: www.marketswiki.com/wiki/Randal_A._Nardone
PSI-Pay Ltd is one of the biggest financial technology companies in the United Kingdom. They offer many different services such debit cards, prepayment cards, virtual card and a contractless program called Paypass. Inventions in business is a good way to attract new customers. Paypass allows customers to pay using their smartphones or key fod without out the hassle of carrying around loose change or paper money. They are also affiliated with Mastercard Worldwide. The partnership gives customer the peace of mind that their money in the right hands. Also, this partnership tells investors that PSI Pay has the worldwide presence of Mastercard Worldwide. PSI Pay’s invention and partnerships have lead to the company growing substantially over the years.
In 2015, PSI-Pay LTD had its best fiscal year to date. This company saw their businesses volume increase by 29 percent, income revenue by 45 percent and pretax profits by 5.5 percent. These profits came right after a strong 2014 profits, where 15 percent revenue increase and and 43 percent gross profit increase. Phil Davies, Managing Director commented about the growth of PSI-Pay Ltd. He said “It has been a concerted team effort and demonstrates the calibre of staff we now have, my thanks to all concerned.” Also, Davies explained the growth was the launch of new exciting products, the successful launch of affiliate programs, promotional programs and expanding their business worldwide. He was also pleased with PSI’s payment card programs and that he is confident that PSI-Pay will be successful in the future.
The business is not a static place. Many investors and customers feared that Brexit would negatively impact the financial institutions across the United Kingdom. Customers and business owners have a lot of questions. Will I lose my savings? Will PSI-Pay go under? Should I move my money to another bank? About Brexit, Davies said ; “Whatever your views on the outcome of the referendum we at least have a defining answer to work with and the subsequent stability will be welcome.” PSI-Pay Ltd has been preparing for this eventuality. Also, they are ensuring investors business partners and customers that business will go as usual and they see no negative effects either way. In the world of business, PSI-Pay Ltd has been staying a step ahead of the market. PSI-Pay Ltd has continued to grow because they have made progressive strides in new ideas in the world of business world. As well as, Psi-Pay Ltd convince customers that their business is the best place to do business.
PSI-Pay Info: www.duedil.com/company/gb/05899168/psi-pay-ltd