Randal Nardone is the current co-CEO of Fortress Investment Group (FIG) and has been Principal since 1998. He has been CEO of FIG since 2013, but Wes Edens and Randal Nardone now share the CEO role. In 2011, Nardone was also the interim CEO at FIG for many years. FIG manages many investments as a firm. FIG is based in New York City. FIG was created in 1998.
Fortress Investment Group’s business record has been impressive over many years when it comes to M & A (mergers and acquisitions). FIG is a company that knows how to time the spin-off of many subsidiaries, companies, and business to turn a significant profit. American regulators allowed FIG to merge with Softbank, Inc in 2017. Softbank is a Japanese company that is the financial sector. Mr. Nardone stated that Fortress Investment Group (FIG) was not adequately prepared to be acquired by Softbank, because the SoftBank purchase was not able to buy out all of the debt of the other companies under FIG based on this purchase and more
Softbank agreed to buy Fortress Investment Group for 3.3 billion dollars after meeting specific SEC requirements like relinquishing the day to day operations to the executives at FIG. And one of the main sticking points of this deal between Fortress Investment Group and Softbank was to allow Wesley Edens, Rob Kauffman, and Randal Nardone to stay in their executive positions that they originally had.
Before helping to hatch Fortress, Randal Nardone worked at UBS, a Swiss bank. Besides UBS, Mr. Nardone was also at Blackrock Financial Management. With a background in law, Mr. Nardone had the role of manager at Blackrock, Nardone was not only a partner but also a member at Thatcher Proffitt & Wood, which is headquartered in New York City.
Mr. Nardone is currently the director of Eurocastle Investment Limited, Alea Group Holding Ltd., Brookdale Senior Living, Inc., and others. Randal Nardone is the current Vice President and Secretary for Newcastle Investment Holdings. Nardone and Fortress also manage Drive Shack, Rail America, Brookdale Senior Living, New Senior Investment Group, Fortress Transportation, and New Residential Investment.