When the news broke about the SoftBank acquisition of Fortress Investment Group, Randal Nardone’s name was one of the first that was discussed. While he has served an important leadership role for the company, some believed that he would be pushed aside in favor of a SoftBank executive. What these speculators could not know was that SoftBank purchased the company because they were fond of their leadership tactics and that the Japanese conglomerate does not wish to make massive changes at this time. They are merely looking to put their considerable might behind the company and push them forward.Randal Nardone has already stated that he will be keeping his position at the company in the future. Fortress is not going to lose its status as an independent company as a result of the merger.
SoftBank wishes to maintain the same structure that allowed Fortress Investment Group to become one of the biggest names in their financial sector.Randal Nardone is especially gifted when it comes to leading businesses forward and that is why he serves as a director to a wide range of other companies. When Randal Nardone is not working with Fortress Investment Group, he is serving as a director for Springleaf Finance Inc., Springleaf Finance Corporation, Eurocastle Investment Limited, Alea Group Holdings Limited and Brookdale Senior Living Inc.Before working with Fortress Investment Group, Randal Nardone received his education at the University of Connecticut and the Boston University School of Law.
After receiving a BS and a JD from these respective schools, he worked with the Thacher, Profitt and Wood law firm. He became a partner at this firm and was also a member of its executive committee.This would set the tone for the years to come. BlackRock Financial Management brought him aboard as a principal and he would remain in this role until joining UBS. After working a managing director at UBS, he was given the opportunity to join the group of principals that was responsible for the creation of the Fortress Investment Group.With his level of experience in the private equity finance sector and credit management, he is poised to lead Fortress Investment Group into the future. SoftBank will be allowing him to remain in his usual role and by all accounts, the current management structure is going to be remaining intact. This will keep the company from experiencing any unwanted hiccups during the transitional phase.