Randal Nardone is a famous businessman. He is a co-founder of Fortress Investment Group and its Principal. He is the Principal of Fortress Credit Corporation. He is also the Vice President at Newcastle Investment Holdings. He holds a bachelor’s degree in biology and English from the University of Connecticut and even doctorate in Jurisprudence from Boston University School of Law.
Randal Nardone has once in his lifetime held the following positions: CEO at RIC, secretary at Newcastle Investment Corporation, director of Brookdale Senior Living and chairman to Springleaf Financial Holdings. He has previously partnered with Thacher Proffitt and Wood Law Firm and served as a managing director at UBS.
Forbes list of Billionaires estimates his net value to be $1.8 billion. Randal Nardone’s perennial stay in the field of business and earlier experiences in various organizations equipped him with enough knowledge and expertise, which fostered him to co-establish FIG in the year 1998. He has served ephemerally as the CEO to the organization.
Randal Nardone has been on the forefront of enlarging the diversified services offered at FIG. Some of these services include issuing of private equity services and credit funds to various clients. Under his management, the firm has been able to bring in more professionalized personnel to train the firm’s employees on multiple skills and this with the time that has kept the firm to advance progressively.
His total commitment to the firm’s undertakings has given in return positive feedback; this has been regarding efficient service delivery to the firm’s clients and credible performance of his employees. Randal Nardone’s passion for leading FIG marvelously has lightened and placed the firm on the global map. This has even attracted Softbank Group to access the initiative. This was ratified in early 2018, when the purchase of Fortress Investment Group by Softbank was made public.
By this time, that is during his leadership, the assets of the firm were approximated to be $69.9 billion. Nevertheless, the firm’s headquarters remained to be in New-York. He also maintained his leadership during the period of the purchase; this was due to his marvelous efforts of developing the firm to higher standards. Randal Nardone has acknowledged that he is pleased with the deal, since it will build up a strong pillar of his firm. Through this deal, he approved that the rate at which the firm will develop will be much faster.