The Executive Roles That Randal Nardone Has Held Over His Career

Randal Nardone began his professional career at a New York City law firm called Thacher Proffitt & Wood. He made partner at this law firm and was on its executive committee for a number of years. He decided to move into the financial industry and joined BlackRock Financial Management, Inc. as a partner. He then worked as the managing director of UBS AG where he stayed for a year between 1997 and 1998. He earned two bachelor’s degree at the University of Connecticut and earned his law degree at the Boston University School of Law.

In 1998 he co-founded Fortress Investment Group, LLC. He serves this company in a number of executive roles including chief executive officer, principal, and director. His company invests in alternative assets and under his leadership Fortress Investment Group has become one of the biggest companies of its kind in the world. One of Randal Nardone’s specialties is investing in companies which are in a distressed state. Over the years he has been instrumental in his company buying a number of companies. Among these are Rail America Inc., Florida East Coast Industries, and Penn National Gaming, among others. After turning companies around his company has brought some of the companies public again like RailAmerica, Aircastle Ltd., and Brookdale Senior Living Inc.

In addition to his role at Fortress Investment Group, Randal Nardone also has C-level positions with a number of other companies. Among these are Springleaf Finance, Inc., Springleaf Finance Corporation, Alea Group Holdings Ltd., and Eurocastle Investment Limited, all of which he serves as a director of. Another company Randal Nordone co-founded was FIG LLC, where he is a principal, as well at Fortress Advisors LLC where he is the CEO. Additionally, he is the chief operating officer at Impac Commercial Holdings, Inc., and he serves Newcastle Investments Holding Corporation as a vice president and a secretary.Randal Nardone lives in the trendy Tribeca neighborhood of New York City. He bought his home in 2008 for $22 million. His home is what is called a “skyhome” because it is glass-walled. His home is a duplex with his unit on top. It is about 5,800 square feet with a 2,400 square foot outdoor terrace. It’s a five-bedroom home which has luxury features throughout it.

Source of the article : http://www.businessinsider.com/meet-fortress-investment-groups-interim-ceo-2011-12

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