When SoftBank recently purchased the Fortress Investment Group for a tidy sum, many wondered if the conglomerate would decide to make some major changes going forward. Randal Nardone is a co-founder of Fortress Investment Group and was still serving as a principal at the time the purchase was made.While there are those who believed that SoftBank would be removing all of the principals or providing them with a diminished role going forward, Randal Nardone has been quick to dispel these notions. He is going to remain in a leadership role in the years to come and SoftBank is not looking to alter the chain of command in a significant manner.SoftBank purchased Fortress Investment Group because they were taken by the company’s leadership model and commitment to success.
They are not in the business of making changes that will cause the company to experience any difficulties during the transitional period. This is something that Nardone knows all too well.Before founding Fortress Investment Group, Randal Nardone wore a variety of other hats. He served as a UBS managing director before founding Fortress Investment Group and before working for UBS, he was a managing director at BlackRock. Nardone got his start as a Fortress Investment Group co-founder 20 years ago.During the earliest stages of his career, Randal Nardone worked for the Thacher, Proffitt & Wood law firm. He would eventually become a partner and a member of the company’s executive committee.All of these experiences prepared him for what was to come when he joined the team of founders who have brought Fortress Investment Group forward.
Since co-founding Fortress, Nardone has taken on a wide range of different titles. He’s served as the company’s interim CEO and has also been a director. Fortress made him a part of their management committee during the company’s inception and he is certainly a major part of the company’s success.After spending eight years on the management committee, Nardone was given the chance to join the board of directors. He also works with a variety of other companies all over the world and is a director for each of them. It is no secret why Nardone’s unique skill set has been tapped for these roles and he excels at working in this capacity.In addition to his work with Fortress Investment Group, Nardone also assists Brookdale Senior Living Inc, Eurocastle Investment Limited, Springleaf Finance Corporation, Alea Group Holdings Ltd and GAGFAH S.A.