Randal Nardone is a veteran investor in the world of financial business. His expertise in the field can be traced back to his years of working with financial institutions. Before the birth of Fortress investment group in 1998, Randal was the managing director of the Union Bank of Switzerland(UBS) a potent force in the Swiss banking industry. Prior to this, he had been a principle in BlackRock Financial, a management firm. The law graduate discovered his interest in the financial sector while he worked as a legal partner in a law firm in New York. Mr. Nardone holds a doctorate of Jurisprudence from Boston Law School and has an undergraduate degree in English and biology from the University of Connecticut.
In 2007, he was listed among the wealthiest men in the world with a net worth of $1.8 Billion. Randal was ranked the 557th richest man in the Forbes Billionaire list. He has accumulated a lot of wealth throughout his career and has served as some high-profile personnel in more than eight different institutions across 20 different industries. Besides being the principal and CEO of Fortress Investment group, he is the chairman of Springleaf Financial Holdings Limited, the director of Euro castle Investment Limited and Florida East Coast Holdings. Randal Nardone also serves as the non-executive officer of the Alea Group Holdings Bermuda Ltd.
In 2006, Randal Nardone was appointed to the board of directors of Fortress Investment group and in 2013 promoted to be Chief Executive officer of the company. He has used his position in the company to influence the running of the organization and has seen it become a renowned investment company. Under his leadership, Fortress investment group has been recognized for various awards like the management firm of the year that was given by HFMWeek and Hedge Fund Manager of the year that was granted by the institutional investor. His employees are content and happy working with him and would not have it any other way. Randal Nardone strongly supported the acquisition of the company by SoftBank Group(SBG) saying that it is what Fortress Investment group needed at that time to save their dragging private equity assets. Despite being thrown out of the New York Stock exchange and their assets being consolidated to SBG, they would have more assets that would create confidence in their investors. It was a planned move to raise their business and create better opportunities for the investors.
Fortress Investment Group’s Board of Directors Co-Chairman and Principal, Peter Briger is a living legend in the alternative asset management sector. Today, he heads one of the best global management firms for alternative assets. His achievements and accomplishments in business through the years have earned him position 317 in the Forbes Top 400 Billionaires list. These are many spots up from No. 962 four years earlier. As a business leader, Peter is loved by his employees and colleagues. To them, he is famously known as Pete.
Mr. Briger at Fortress Investment
This accomplished alternative asset manager joined the Fortress Investment Group back in 2002 as a Management Committee member. He worked at this position diligently and was promoted to a Director position in 2006. In August 2009, he became the Board’s Co-Chairman, and soon after, he went ahead to become the Credit and Real Estate Head and principal at this firm.Before joining Fortress Investment Group, Peter Briger was working at Goldman Sachs for over 15 years. Here, he served as the Trading Businesses and Whole Loans Sales Co-head. He also worked in the same position in other departments including the Fixed Income Principal Investments Group, Asian Distressed Debt business and Asian Real Estate Private Equity business.
Prior to Goldman Sachs, The Fortress Investment Group Principal had worked at International Finance Corporation as a Distressed Debt Advisor. Early in his career, he was a member of Linktone Ltd. Advisory board. Academically, Mr. Briger attended Princeton University where he graduated with a B.A. He then joined University of Pennsylvania’s Wharton School of Business for his M.B.A. Apart from being a sharp business person, Peter is also a philanthropist. His philanthropic efforts are directed towards uplifting communities and promoting education. He is currently one of the biggest donors to the revolutionary Princeton Entrepreneurship program. As a financial investor, Peter Briger is dedicated to helping create professional and highly capable leaders for the business world.
Peter’s take on Bitcoins
It is no doubt the Bitcoin virtual currency is taking the world by a storm, and from its onset, Mr. Briger has been a big believer in its potential. Back in 2013, he and his Fortress Investment Group had a sit-down with the major American banks to discuss the direction and impact of bitcoins. He encouraged these banks to take Bitcoins seriously and be part of the movement to stay relevant in the future. Today, he still believes that Bitcoins are simply a digital goldmine. Peter Briger is leading other Wall Street giants over to this goldmine, and he has successfully impacted many.