How Has Randal Nardone Contributed To The Success Of Fortress Investment Group

Randal Nardone has made his mark as one of the most successful hedge fund portfolio managers in the world. He is the co-founder and chief executive officer of Fortress Investment Group, along with Wes Edens and Peter Briger. They set up this alternative investment firm in 1998 as a private equity firm and saw it through different transition stages, including listing with the NYSE.

Life before Fortress

Nardone studied at the University of Connecticut where he graduated with a bachelor’s degree in English & Biology before topping it up with a law degree from Boston University’s School of Law. Before starting Fortress, Randal Nardone was a law practitioner with Thatcher Profit and Wood law firm. He would later move to BlackRock Financial where he worked as the managing director for the Union Bank based in Switzerland.

Moving to Fortress

The two engagements helped him hone his law and financial skills that were vital in founding the Fortress Investment Group. Randal Nardone formed part of the Fortress leadership and became a member of the board of directors in 2006. Prior to this, he held several positions within the company that included serving as an Interim CEO. He has also served in different prestigious positions with Fortress subsidiaries including president of Ncs 1 LLC, secretary of the Newcastle Investment Corporation, director of Springleaf Finance Inc. and also served as the director of Brookdale Senior Living Inc.

Dedication to transformative leadership

Randal Nardone is quite hard working and consistently puts in effort in everything he does to ensure transformation and revolution. He particularly played a key role in steering Fortress Investment Group to success, nurturing it from a collaborative idea to making one of the most prestigious investment company’s in the world today. Nardone has also been hailed for his contributions towards listing the investor with NYSE as well as during its acquisition by Japan’s Softbank Group.Even after the $3.3 Billion acquisition of Fortress by Softbank, Randal Nardone continues serving as the investment company’s direction as the takeover terms stipulate that his startup continues operating independent of the new parent company’s influence. He also views the acquisition as yet another step in the right direction for Fortress arguing that it would only serve to solidify its foothold in the global finance and investment industry.

Mike Burwell – The Partner Of The People

Mike Burwell is now the new Chief Financial Officer of the world’s leading advisory, broking, and solutions company, Willis Towers Watson. However, prior to this, he was moving his way up in another company called Pricewaterhouse Coopers LLP (PwC). During those 31 years, he worked on many audit clients within the assurance practice branch and then got promoted to Partner in 1997.

 

With his bachelor’s degree in business administration from Michigan State and a certified public accountant, he used his knowledge and skills to accomplish many tasks. He then initiated the PwC’s transaction services practice based in Detroit. Due to his success, PwC then moved him to their central region to become a new US Transaction Services Leader. His promotions didn’t stop there. He became Chief Financial Officer in 2007 and Chief Operating Officer in the next year. In 2012, Mike was then given the title of Vice Chairman Global and U.S. Transformation. Michael Burwell optimized and oversaw many diverse internal functions such as Human Capital, Technology, Finance, and Global Strategic Sourcing. Mike has been very busy these past few years.

 

During his Inspirery interview, Mike Burwell explains his leadership style and how it led to his success. He gives credit to his innovative and invaluable co-workers. He used new technologies to low production costs and his network and relationships to build good communication within and for the business. Even with all his progress, he still needed to shut down some projects that he put much effort into due to market trends.

 

Michael Burwell has mentored and guided many people; four of which have become partners themselves. Even though some projects had to be closed, he always sought a way to increase his efficiency and the bottom line with laying off any of his people. Mark also helped enhance their partnership with Google. Many more years to come, his company continue to improve and establish many more great partnerships. Refer to This Article for more information.