Randal Nardone more than just a founder.

The Fortress Investment Group a NYSE listed company that trades as FIG currently overseeing assets worth more than seventy billion dollars was recently acquired by Softbank a Tokyo based investment bank. Fortress was founded in 1998 by three investors Wesley R. Edens, Rob Kauffman, and Randal Nardone. They came together to establish it with the dream of growing it into something that would outlive them while making returns for them and their investors in future. In 2007 Randal Nardone, 55, was listed as one of the world billionaires by Forbes Magazine this was just after the group listed for its IPO. The company has made him immensely wealthy and at the same time accorded him opportunities in business that he would only have dreamed of had he remained in UBS. Before starting Fortress, he was a managing director at UBS.

Randal Nardone had worked as a principal of BlackRock Financial Management earlier on in his career just after leaving the law firm of Thacher Proffitt & Wood where he was part of management and also a partner. He holds a J.D from the Boston University School of Law. And as such was a practicing lawyer something that has helped him navigate the legal aspects of business as well as other organizations where he is either a director or a Board member. Randal Nardone has been very instrumental in the Private Equity division of fortress investment group. This division is tasked with ensuring that there is a consistent cash flow generation from control-oriented investments. The group and this division have been especially instrumental in the Caribbean, Western Europe, and North America.

Since its acquisition by Softbank for 3.3 Billion dollars Randal has had a very positive outlook sighting the fact that the acquisition allowed fortress access to more liquidity while at the same time retaining its independence and as such being able to focus more efforts in its Asian markets where there has been great promise for growth. Randal Nardone is also the director, President, and Chairman of Springleaf Financial Holdings, LLC. This was a position he was elected to after the acquisition of AIG’s financial division by his group. The success of this acquisition has been one of the group’s highlights and reflection of the possibilities the investment group still holds. Other positions held by Randal include those at Eurocastle Investment, FIG LLC, Impac Commercial Holdings, FMA LLC, FM Falstaff Advisors, Florida, East Coast Railway, Seacastle, and at Newcastle Investment Holdings.

 

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