Randal Nardone was nominated as the principle in the year 1998, and the CEO of Fortress Investment Group in 2013. He has served all these career positions ever since. He is also a member of the board of management at the firm since 2006.
He earned his Bachelor’s degree in English and Arts in Biology from the University of Connecticut. After his degree he later joined the Boston University School of Law for a J.D. He is ranked #557 on Forbes billionaire list in the whole world. Randal served as the deputy president and secretary at the Newcastle Holdings firm and the principal of Credit Corporation Docket.
Randal Nardone’s Experience Before Joining Fortress Investment Group
Randal Nardone started his career at Thacher Profit and Wood Law Organization where he was an attorney and a partner. He joined the finance industry as a principal in Blackrock Financial Management before joining UBS AG in the year 1997 where he served as a managing director. In the year 2000, he served as a secretary of the Newcastle Investment Corporation before becoming its president. Randal Nardone was also the CEO and the secretary at IMPAC Holdings from the year 1999.
Randal Nardone has been working as the CEO of the Fortress Investment Group since 1998. As an organization that offers private equity services and funds, the management of the company requires exemplary leadership skills and responsibilities that can make it grow. Since the main agenda of the company is to grow and provide the best services, he had the responsibilities of expanding the firm’s horizons to different levels of services. At Fortress Investment Firm he was also serving on other boards such as the Newcastle Investment Holdings, Fortress Credit Corporation, where he was the principal and co-founder, Fortress Investment Trust and Fortress Investment Fund.
Fortress Investment Group and the SoftBank
SoftBank recently announced that it had completed the purchase of the Fortress Investment Group for approximately $3.3 billion. The acquisition follows all the satisfaction and all conditions that were involved in the process which include transaction approval by the Fortress Shareholders. The company will be under SoftBank and it will be an independent business. The Fortress principals Nardone, Wes Edens, and Peter Briger, will continue to manage the company. About the acquisition, he said that he was optimistic about the agreement and how it will expand the company. He added that the firm would be in the position to grow faster.