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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For an independent gas and oil company to achieve its goals, there is the need for firm leadership. If an experienced team leads such a company, it can ensure the collection of assets. Talos Energy is one of the companies that have a senior management team that is helpful to its operations. That is why it has been focusing on the best assets. It is an independent company, but it has a lot of strengths to compete with other large mining firms successfully. The industry is a challenging one but the leaders have ensured they remain firm and they have faced all the challenges without fail. The industry needs people with a firm understanding. Such people help to handle the various problems that are experienced in mining sector. Some of the people who are taking Talos Energy to the next level are the following:
Tim Duncan is the leading man behind the success of Talos Energy. The company began in 2012 when Tim and other two founders came together. Tim has been in the oil industry and understands all the logistics involved. He is one of the best modern oil men who have used advanced technology to deliver the best services. He discovered his talent at a young age and focused on it. That is why he went to study petroleum engineering. He undertook his degree at Mississippi State University and in2012 he became a distinguished Fellow of the Engineering College. He proceeded to the University of Houston where he earned an MBA. He then ventured into his career and landed an opportunity working as the Senior Vice President at Phoenix.
Tim has been crucial in the operation of Talos Energy. His dedication has led to the success of the company in its endeavors. The best part of the entrepreneur is that he is always taking risks as long as he is sure that a project may pay off. He is a happy man when he invests in risky projects, and they become successful. He works with a dedicated team of professionals and respects their work because he understands that they contribute a lot to the success of the company.
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Gareth Henry worked with the Fortress Investment Group as a head of international investor relations between June 2007 and December 2015. He was originally from the United Kingdom, and he is an alumnus of the University of Edinburgh. He took up a degree in actuarial mathematics, and after he graduated from the university, he decided to leave for the United States. In June 2007, he joined Fortress Investment Group, and he worked hard to get the title as the company’s head of international investor relations. He is tasked to oversee the company’s marketing operations in Europe and the Middle East, and through his effort, the company became well-known in these regions, and the Fortress Investment Group gained new clients.
Another responsibility give to Gareth Henry while he was working with the Fortress Investment Group would be overseeing the company’s pension funds, wealth, and insurance relations that they have established with foreign partners. Throughout his career working with the Fortress Investment Group, he learned vital skills that helped him form his strategy that would help him generate his unique style and technique to succeed in the industry. He also became adept in managing the company’s sales and marketing related services and encouraged a lot of business people to invest in the company. The experiences that Gareth Henry gained from the Fortress Investment made him one of the company’s most valuable assets.
The Fortress Investment Group is now under the management of Soft Bank Group, a Japanese conglomerate which purchased the company for $3 billion. Gareth Henry has also left the company to work with another private firm, but his contributions to the growth of the Fortress Investment Group is evident in the company’s popularity across the regions that he handled. The strategies that he developed to increase the company’s sales across Europe, Asia, and North America transformed the Fortress Investment Group drastically, and his experience with the private equity firm made him valuable personnel for financial and business institutions. The Fortress Investment Group manages more than $60 billion worth of assets, and they are considered as one of the largest private equity firms in the world today.
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Talos Energy is a privately owned oil and gas company that is managed by a team of well skilled and experienced professionals in offshore exploration and production. It was founded by Timothy Duncan in 2012, with an equity raise of $600-million from River stone Holdings and Apollo Global Management. The company specializes in the acquisition of operated shelf and developed deep-water assets in the Gulf of Mexico, which it explores, exploits and optimizes using the most advanced seismic technologies. The company comprises a team of professionals who work closely and have been together for over a decade. The team has an amazing track record of performance, with several positive results to show.
Before Talos Energy Company was formed in 2012, the same team working in the energy company had built and sold two Gulf of Mexico oil and gas companies namely Gryphon Exploration Co. and Phoenix Exploration Co. both of these companies had already delivered great returns to all the investors.
Timothy Duncan, the 45-year old Talos Energy Chief Executive Officer, is popular for making the most out of very tough situations. He is the main person behind the success story of this company. He has his biggest asset, the Phoenix field, about 165 miles south of New Orleans. The last few months, Duncan has been organizing one of the biggest mergers Talos Energy will ever have with Stone Energy Company. The $2.5 billion merger was a major opportunity for his company to become a public entity without running through the expense of public offering. The months have been tough, but the completion of the merger happened in May this year. Talos has now taken over Stone’s listing, and Duncan will be presiding over the oil company with annual revenue of about $900 million.
A few months after this major merger, Talos Energy is already announcing the acquisition of Whistler Energy II. The purchase price was set at $52 million and will be part of the acquisition. This will be a significant gain for both Talos and Whistler, with the seller getting approximate of $100 million in cash, with the buyer only paying $14 million.
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The Fortress Investment group has been around for about two decades. Since the company began they have focused on being the best asset management company, they can be. Their growth over the years has reflected this given their ability to grow from 400 million dollars in assets under management to forty plus billion dollars assets under management today. All this happened in record time having grown the initial four hundred six-fold within the first five years. By 2002 they were among the fastest growing private equity firms.
The backgrounds of the founding partners paid a huge role in this growth. All three had experience in finance and to a large extent one in the private equity business. This meant they knew exactly what they were getting into and how they would handle the company moving forward. They would proceed to open an asset management division from the word go. This division housed various subdivision that would determine the kind of investments that the company would make going forward. These investments were either in media, real estate company, Transport, and infrastructure as well as technology. The Fortress Investment Group has been able to grow its assets in all those areas a strategy adopted to ensure that their diverse portfolio would always protect the company from the eventualities of a crash in one sector.
As the Fortress Investment Group grew, they realized that they needed to start investing using available credit facilities as well as advancing credit investments. This brought the need for a credit division within the group. They had to look for the best in the area, and they knew exactly to look. This is how the Fortress Investment Group ended up with Peter Briger from Goldman Sachs. They knew the bank had some of the most influential and knowledgeable credit experts. He was tasked with bringing this division to life, and the same year he as employed he had managed to start it. The division has grown to become one of the most profitable within the organization having made investments worth a staggering 100 billion dollars.
The credit division at fortress is also tasked with vetting the creditworthiness of every client or investment they decide to take or partner with. With over 500 employees working for the division it’s easy to see why they are able to have an expert in virtually every area. This is why the group has been able to invest in some of the most recent emerging markets.
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