Randal Nardone’s Impact in the Finance World

Randal Nardone's impact on the financial world
A closer look at Randal Nardone’s impact on the financial world

Randal Nardone was ranked the 557th wealthiest man by the Forbes magazine. The Fortress Investment group co-founder went to the University of Connecticut and graduated with a bachelor in Arts and English with a minor in Biology. He later attained his Doctor of Jurisprudence (J.D) from Boston University School of Law. In his early years, Randal Nardone trained in Thacher Proffitt and Wood, a law firm where he was a partner in the legal department. While still in practice, he developed an interest in the Financial service industry and immediately left for BlackRock Financial management company. He served as the principal of the firm not for so long before moving to the Union Bank of Switzerland(USB) where he served as the managing director. Working in such a challenging role for a year, gave him enough financial knowledge to co-found Fortress investment group with Wes Edens in 1998. Fortress Investment Group has been managing assets on behalf of more than 1,750 private investors and institutional clients all over the world and to know more

At Fortress Investment group, he was the principle and director since its start to 2013 when he became the chief executive officer. In 2006 he was appointed to the board of directors and he has used this role to oversee strategies and make viable decisions that have much improved their profit margin. Randal Nardone has provided jobs to over 2500 people and they all agree to his incredible leadership skills and providence of a satisfying work environment.

His wealth comes from the salary and allowances he gets from his association with eight different organizations across 20 different industries. Besides being a co-founder and director of Fortress Investment Group and Director of Fortress credit corporation, Randal Nardone is the chairman of Springleaf Financial holdings, Springlife finance and springlife Reit Inc. He is also the director of Eurocastle Investment Limited, a Non-Executive Director of Alea Group Holdings Bermuda Ltd and the director of Florida East Coast Holdings.

Together with his co-partner Wes Edens and Pete Briger, they have remained the directors of Fortress Investment group even after its acquisition by SoftBank group in December 2007. Under the new management, Fortress common stocks were pulled out of New York stock exchange and merged with SoftBank Group. Their financial statements would henceforth come under the SBG after the consolidation. Despite the new management, SoftBank maintained the personnel, business model, brand and culture that had supported the Fortress success.