Randal Nardone is the accomplished Fortress CEO. He graduated from Boston School of Law with a degree in law before going to the University of Connecticut where he got a BA in English and Biology.
After his education, Randal went and had a glamorous career with him holding senior positions in some reputable institutions like the Union Bank of Switzerland where he served as their MD for a year starting 1997.
Randal also had a stint at Blackrock Investment Management before his job at UBS. Randall also made use of his law degree with him working at Thacher Proffitt and Wood law firm for some time.
In his stint at the law firm, Randall held the position of partner and the executive committee member. Randall’s assignments all prepared him for what was to be his biggest challenge yet, leading Fortress to be a renowned hedge fund globally.
Randal’s leadership at Fortress has been exemplary, and he has held some senior positions throughout his time at the asset management firm. His recent post is being the CEO of the hedge fund.
Before being made the permanent CEO of Fortress in 2013, Nardone served as the interim CEO from 2011. Furthermore, Nardone has served as a member of the Board of Directors of Fortress.
Randal Nardone has held this post since he was first elected to it back in 2006. At Fortress, Nardone also doubles up as being their chief legal counsel and the head of financial matters.
Randal Nardone has an estimated worth of $1.8 billion according to Forbes. This places him at position 557 in the Forbes list of billionaires. Central to his wealth has been his active leadership and eye for investment.
At Fortress, Randal Nardone has been at the epicenter of all the milestones witnessed in recent years. Some of his notable achievements being he was integral in the acquisition of Fortress by the Japanese firm Soft Bank Group. The purchase saw the Japanese firm pay $3.3 billion to acquire stakes at the hedge fund.
In Randal Nardone’s view, Fortress growth would be fastened if they took up more credible sources. This proved to be true as the asset management firm has continuously grown over the years.
Randal’s leadership is something to commend. This is attested to by the fact that even after Soft Bank Group invested billions into the hedge fund, they opted to retain Nardone and Co. to continue running the hedge fund.