Taking up a course in the field of arts and ending up working in a financial institution may seem like an odd match to many people. But it does not seem so for the accomplished financialist Randal Nardone. He fancies law. He holds Juris Doctor degree from Boston University’s school of law. He also boasts of a bachelor’s degree in arts specializing in English and Biology which he received from the University of Connecticut.
Randal Nardone is the Chief Executive Officer (CEO) of one of the biggest investment firms, Fortress Investment Group. A firm he co-founded with Wes Edens and Rob Kauffman. The firm has a global reputation for offering high standards financial services. December 2011 to July 2013 Nardone served as the interim CEO. In August the same year, he was confirmed as the CEO of the giant financial firm.
Randal Nardone’s career at Fortress Investment Group started in 1998. His input in the firm has led to immense growth of the Group. He also serves as the principal of the Fortress Investment Group’s credit corporation department. He appears in the Forbes Billionaire list at position 557 with a net worth between one billion and eight hundred million US Dollars.
Before co-founding Fortress Investment Group, Randal Nardone’s experience covered a number managerial positions from different institutions. For instance, he has served as a managing director of UBS and a principal of BlackRock Financial Management. Randall has also worked as an executive member of Thacher Proffitt & Wood, a law company.
Nardone serves as a board member in the board of directors of Florida East Coast Holdings, Florida East Coast Railway Corporation, Springleaf REIT and also in the board of directors of Seacastle and Eurocastle Investment.
In 2017, at the cost of US Dollars 3.3 Billion, SoftBank acquired control of Fortress Investment Group. This transaction did not affect the management team at FIG. Randal Nardone still serves as the CEO of the firm. Randal believes the acquisition will strengthen the group and give them broader access to credit facilities. He maintains that the acquisition will not derail their investment plans and objectives. They will continue to invest in real estate, credit facilities, private equity, and railroads.
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