Randal Nardone is a founding partner and one of the three main principals at Fortress Investment Group. He is also currently the Chief Executive Officer and Director at the alternative asset management firm. Nardone has been working in the firm since its establishment in 1998 together with Wes Edens and Rob Kauffman. Randal serves the CEO position since 2013 after his one year tenure as the acting Chief Executive Officer in the firm. He has been an active member to Fortress’s board of directors since late 2006.Moreover, Randal Nardone is committed in other leadership and management positions at other subsidiaries owned by the Fortress Investment Group. Some of the organization he serves includes the Eurocastle Investment, the Springleaf REIT, Newcastle Investment Holdings and Impac Commercial Holdings among others.
He is committed to ensuring that Fortress Investment Group is the most preferred alternative asset management Company globally.Upon his debut at Fortress Investment Group, Randal Nardone brought along deep knowledge and vast experience from his past positions in the industry. Before joining Fortress, Nardone served as a managing director at UBS, a renowned Swiss banking firm. Prior to this role, he worked at BlackRock Financial Management Company as a principal. He was also an active member and partner at Thatcher Proffitt & Woods law firm’s executive committee.The Fortress Investment Group principals (Randal Nardone, Wes Edens, and Peter Briger) are in support of the recent move by Softbank to acquire the company.
Softbank seeks to acquire Fortress at about 3.3 billion dollars in cash. Following the acquisition, the principals will continue leading investment firm and consequently invest half of their after-tax proceeds in the company.In 2007, Randal was featured in the World’s Billionaires listing by the Forbes Magazine. At this time he was worth about 1.8 billion dollars in total. It was the period preceding Fortress’s IPO earlier that year where he emerged as one of the Fortress Five.Mr. Nardone graduated from the Boston University Law School with a J.D. He also owns a Bachelor of Arts degree from the Connecticut University with a major in English and Biology. Nardone, who is in his early 60s, remains a skilled expert in the financial world.