Randal Alan Nardone is a principal and a director at Fortress Investment Group LLC. The firm specializes in the management of alternative assets. Fortress has corporate headquarters in New York City, where it has been located for the past 20 years.
The company was founded in 1998 by Randal and two of his colleagues. He was appointed to Fortress’ Board of Directors in 2006. Randal Nardone assumed the role of interim Chief Executive Officer from 2011 through 2013. He was formally appointed to the position of Chief Executive Officer in 2013.
His position prior to the formation of Fortress Investment Group was as managing director at UBS. He worked at UBS from 1997 until 1998. Randal Nardone was a principal at BlackRock Financial Management, Inc. prior to that. He graduated from law school, and in the early days of his career, he was a partner at Thacher Proffitt & Wood law firm. Randal earned a J.D. from the Boston University School of Law.
Randal Nardone currently ranks as number 557 on the Forbes billionaire list. Fortress Investment Group was the first private equity firm to have its initial public offering on the Nasdaq Stock Exchange. It began to trade on the stock market in 2007. In only one day of trading, the stock price doubled from its offering price of $18.50. Randal was instrumental in the successful completion of the process.
Fortress is an international financial company, and clients come from around the world to benefit from the guidance of Randal Nardone and the entire team. The firm’s reputation and expertise are globally recognized. Randal sits on the board of numerous financial organizations. The financial acumen of Randal and Fortress Investment Group attracted the attention of SoftBank, a Japanese technology company, and the firm recently acquired Fortress for a transaction price of $3.3 billion and more