Randal Nardone, steering Fortress Investments to success with each wake

At the realm of Fortress Investment group’s success, sits a man by the name Randal Nardone. He has been the cornerstone of its operations ever since its inception, and as the director, CEO and also one of the main principals of the firm, he has contributed immensely to its success.

Even though he had what it takes to establish and run a business on his own, Nardone understood the essence of teamwork, and he knew that by joining hands with other skilled investors, he would achieve twice what he could on his own. In respect to this, he went ahead to join hands with Wes Edens and Rob Kauffman in 1998 to establish Fortress and later Peter Briger. All the leaders boasted impressive career backdrops thereby helping him steer the company towards its objectives.

Having been in the finance arena all his life, Randal Nardone boasts top of the shelf experience as a professional financialist, a factor which makes him the cornerstone of Fortress Investment group. All his hard work and efforts to shape Fortress into one of the most significant asset management firm’s have also brought him a great deal of benefits. For instance, he is now ranked among self-made billionaires and was even listed on the Forbes Billionaire list as he has a net worth of over $1.8 billion.

Even though he is a skilled financialist now, this has not always been the case as he initially studied law at Boston University and also graduated with a Juris doctor. However, his interactions with various finance figures while working at Thacher Proffitt & Wood saw him shift his gears to finance and even left Thacher for a finance company dubbed Blackrock Financial management. Here, Randal Nardone served quite a senior role as the principal, but he soon left for Union Bank of Switzerland where he was appointed the managing director.

If most people were to trade places with him, then they would get comfortable, because not many would be willing to give up all the benefits that come with being the MD of a renowned Swiss bank. However, Randal Nardone aimed at something more significant, that is becoming his own boss, and in respect to that, he only worked at UBS for twelve months and later left to establish a venture of his own, which he did with two others that were mentioned earlier.

Under his wing, Fortress Investment has marked significant milestones. For instance, the firm was honored as the Hedge fund manager of the year and also named Management firm of the year among many other awards. Randal Nardone also led Fortress Investment group towards the deal with Softbank and believes that FIG’s acquisition by Softbank will further help their firm achieve its objectives as it now has all the support it needs from a far more established company.

 

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