Commonly referred to as Randy by those close to him, Randal Nardone is a household name in the world of finance thanks to his extensive experience and strategic approaches. He holds many senior positions in various companies but the most prominent one is that he is the co-founder of Fortress investment group and has been serving as part of the company’s management team ever since it was established in 1998. While at Fortress, Randal Nardone has served various positions such as being a member of the board of directors and also as the interim CEO since 2011. However, he recently rose above the ranks and took over as the full CEO of Fortress in 2013.Mr. Nardone has been instrumental in the running of the company since its inception and he has helped it scale to greater heights. For instance one of his specialties in the company is to invest in companies which are in a distressed state and help turn their fortunes around. Randal has served this role incredibly well and has helped Fortress investments expand its horizons by buying various companies such as Penn national gaming, Rail America Inc. and a list of several others. However, he too has something to smile about because he has also had tremendous gains which have seen him rank 557th in Forbes list of world billionaires.
A little background data
Randal Nardone did not wake up the successful investment guru we see today. Instead, he worked his way up. He attended Boston University where he received his law degree and also the University of Connecticut where he graduated with a BA in English and Biology.After completing his education, he immediately put his freshly earned skills into action after he joined Thacher Proffitt & Wood law firm as a member of its executive committee. Later he moved to the finance sector and became one of the partners in Blackrock Financial management. Instead of finding his comfort zone as a partner in this company, he again moved to UBS AG where he served as the managing director from 1997 to 1998 and he finally got his big break when he joined Fortress investment as a co-founder.
Other leadership roles
Besides fortress investments, Randal Nardone serves several other roles. For instance, he serves as the president of Ncs 1 Llc, VP and also secretary of Newcastle investment holdings LLC, President and chairman of spring leaf financial holdings, LLC and a long string of other senior roles in prominent companies such as Eurocastle investment limited and Alea group holdings. He is truly an icon to many and a powerhouse of the finance and investment sector.