Randal Nardone is a prominent New York-based businessman and a seasoned entrepreneur. Nardone is one of the co-founders of Fortress Investment Group and serves at the firm as CEO. Fortress Investment Group is a private for-profit investment firm that Nardone established alongside two of his friends Wesley R. Edens and Rob Kauffman in 1998. Nardone also serves as a principal at the firm. He was first appointed to the position of CEO in December of 2011 but in an acting capacity. Nardone, impeccable track record two years later saw him elevated to being the permanent CEO a position that he still holds to this day. Fortress Investment Group, just like any startup had humble beginnings, but under Randal Nardone Leadership, the firm has grown over the years to become one of the world’s leading asset-based management and portfolio investment firm. Find out more about Randal Nardone at marketscreener.com.
Randal Nardone before co-founding Fortress served at Thacher Proffitt & Wood private law firm as a managing partner. Other top companies that Nardone has served in senior capacities include BlackRock Financial Management, Inc where he served as a principal, Brookdale Senior Living Inc where he served as director, UBS where he held the position of managing director and RIC Co-investment Fund LP where he served as secretary and portfolio manager among others. At Fortress Nardone besides serving as CEO overseeing all the firm operations, he is also the firms Credit Corporation Principal and also president and chairman of Springleaf Financial Holdings.
Randal Nardone was a brilliant and exemplary student in school. Nardone holds a law degree from the highly regarded Boston University School of Law and is also a graduate of the University of Connecticut where he pursued a Bachelors of Arts Degree in both English and Biology.
In the year 2017 Fortress Investment Group, after being in operation for close to two decades, underwent a restructuring process and was acquired by SoftBank. The Japan-based financial investment firm purchased Fortress at a whopping 3 billion dollars. However, after the restructuring process, SoftBank decided to retain Fortress top leadership, and Nardone continued serving as CEO. Randal Nardone regarding the acquisition said that Softbank is a giant in the investment industry and he is confident that it is even going to propel Fortress to greater success in the future. Source: https://alfa-investing.com/randal-nardone