Randal Nardone is a successful businessman and a co-founder of Fortress Investment Groups; which is among the largest companies specializing in matters dealing with alternative asset management. He holds a doctor of jurisprudence from Boston University School of law and a Bachelor of Arts degree in biology and English from the University of Connecticut.Mr. Randal Nardone has been a principal of Fortress Investments Group since its founding in 1998 and a chief executive officer since August 2013 to present. He also serves as president and the chairman of Springleaf Financial Holdings LLC and as a vice president of Newcastle investment holdings LLC. Before he became the Chief Executive Officer of Fortress Investment Groups, he was working as a chief operating officer of this company, a position he acquired in May 1999.
Mr. Randal Nardone was working as a board member of Thacher Proffitt & wood. Then joined BlackRock and headed it for two years. He later moved to USB as its managing director before he co-founded Fortress Investment Groups. Fortress Investment Group is a significant employer with about 953 employees. Most Employees enjoy working at Fortress with most saying that they get reasonable compensation, others state that they are not overworked while a remarkable number of employees feel that Fortress is an excellent place to work, grow and to get real benefits. Research shows that the company recognizes hard-working employees. Fortress has rich human capital from whom interns can learn from.
Most of the employees also claim the company that exposes them to fundamental financial knowledge. Additionally, they are happy working in this company because of its outstanding leadership.In December 2017 Softbank Group Corp. exhausted the dealings in the acquisition of Fortress Investment Group. However, the formal approval by stakeholder had been done months before. Softbank incurred around $3.3 billion to conclude the purchase of all class A shares of stock and therefore becoming the major shareholder. However, Fortress would proceed with its operation independently and also maintain its managerial leadership, brand, and culture. Moreover, the company was to continue its service in New York. Randal Nardone feels that the acquisition would open up possibilities to try new ideas and hence more opportunities for them.