When listing individuals who have helped revolutionize the way people view asset management companies completely, Randal Nardone’s name always takes the top spots. Mr. Nardone who is one of Fortress’s investment group principals is renowned for his top-notch knowledge in finance-related matters and his list of achievements while at Fortress is sufficient proof that he is indeed a force to reckon with and the cornerstone of the company.
Before establishing Fortress, Randal Nardone had worked with various high profile companies. His journey to becoming the influential figure we see today began at the University of Boston where he majored in law and even emerged with a Juris Doctor. He then went ahead to lay the foundation for his career in law by working as an executive committee member and also a partner at Thacher Proffitt & Wood law firm.
However, his passion was not in law, and after a few years here, Randal changed his course and turned to the world of finance. His skills saw him secure a principal position at Blackrock financial management where he worked till 1997 before shifting to Union Bank of Switzerland. Here he worked for one year but the skills and proficiency that he had, surpassed the managing director position that he had at the bank, and in respect to that, he left UBS to co-found Fortress.
A decade later, his move from UBS to co-found Fortress has proven to be incredibly beneficial as the company is now one of the most renowned alternative asset management firms. The growth of Fortress has also brought him a vast array of benefits, and he is now one of the individuals who make up the Forbes Billionaire list with a net worth of over $1.8 billion. Nevertheless, Randal Nardone deserves all the good fortunes that he has now as he has contributed massively to the growth of Fortress. As the CEO and COO of various subsidiaries in the company, Mr. Nardone boasts a proven track record of steering each division that he heads to success. For instance, it is through his efforts and the contributions of other leaders in the firm, that Fortress was recognized as the Management Firm of the year among many other titles. Randal Nardone has also spearheaded the formation of many of its subsidiaries such as the Fortress Investment fund IV and V.
Today, Randal Nardone serves as one of the principals and also CEO’s of Fortress and in addition to that, serves many other senior roles in other companies. For instance, he serves as the Vice president and Secretary of Newcastle Investment holdings, President and chairperson of Springleaf financial holdings, director of Alea Group Holdings Bermuda limited, and president of Ncs 1 LLC president among many other roles.