Randal Nardone is currently a successful co-founder and principal at Fortress Investment since the year 1998. His career at an investment firm came as a surprise to many since his educational background was in the science sector and law. His years of service as a lawyer at Thatcher Proffitt & Wood molded him into a leader since he became a partner prior to diversifying into an alternative investment options company. This decision was supported by his role as principal at an investment company BlackRock Financial Management, and UBS.
It is clear that Randal Nardone is an intelligent businessman since he was able to identify opportunities and maximize on the same till date. His roles at Fortress Investment are mainly on legal matters which utilize his years of experience as a law partner. He also foresaw the acquisition of Fortress Investment by Softbank.
His leadership technique allows employees to make decisions that benefit the firm. Randal Nardone inspires change, integrity and purpose in the line of work and hence employees at Fortress Investment view this as an opportunity to develop their skills and careers.
Randal Nardone further serves at various boards due to his expert knowledge at both finance and legal issues. These boards include Eurocastle Investment Limited, Brookdale Senior Living, and GAGFAH S.A among others. He also has leadership roles as a vice president at Newcastle Investment Holding. In the recent acquisition process of Fortress Investment by Softbank, Randal Nardone leadership skills were evident as he remained optimistic about the future of the company.
In his opinion, this move to sell the company on a cash basis of 3.3 billion allowed the company to adapt to new strategies which will translate to higher growth levels. He attributes this to the agreement that Softbank would not interrupt with the business model and would only focus on the shares acquired.
This aligns with Fortress Investment’s business goals and thus the move was strategic. He further states that the acquisition did not mean that his commitment to the company has wavered as he still has an active interest in ensuring that all the company clients continue to enjoy their returns on investments. Randal Nardone embodies proactive leadership skills and his ability to take risks steers the company into higher profitability.