Why Randal Nardone Is Considered An Icon In the Investment Industry

Randal Nardone, Financial Industry
How Randal Nardone became a titan in the financial industry

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.

Leave a Reply

Your email address will not be published. Required fields are marked *