Before partnering with two colleagues to form Fortress Investment Group, the businessman worked as the managing director of UBS for one year. He has also served BlackRock Financial Management in the capacity of a principal. Randal Nardone has some experience in the legal industry where he worked for years.
Randal Nardone studied at Boston University where he specialized in law. In 1998, he joined the management committee at Fortress as a member and still holds that position. Five years later, he was promoted to serve as its Chief Executive Officer. He works as a senior officer in organizations such as Seacastle and FIG. In 2011, he was listed in the Forbes Magazine as one of the richest people in the world.
Randal Nardone is a reputable businessman and his role at Fortress Investment Group has led to its growth over the years. The investment management firm has been a trendsetter in the industry since its inception. In 2007, it became the first to be listed on the New York Stock Exchange. Last year, Fortress was acquired by a Japanese firm called Softbank. The deal cost SoftBank $3.3 billion. However, the law did not allow the foreign organization to take charge of the management of Fortress.
The management team retained. According to the founder of SoftBank, the acquired firm would operate independently with the same business model and culture. He has worked closely with the other principals at Fortress who include Peter Briger and Wes Edens to ensure its success.
According to Randal Nardone, the employees in a firm play an important role in its management and they should be given an opportunity to use their creativity. During his tenure, he has ensured that all the stakeholders are respected and treated with dignity. Due to the teamwork at Fortress, the firm has expanded from 28 workers to more than 1,000 currently who are located in various parts of the world. It has attracted more investments with time which were recently valued at about $70 billion. SoftBank hopes to expand Fortress through allocating more funds. The management of the Japanese company expressed their optimism that it would lead to higher returns.