Fortress Investments and Randal Nardone

51 year old “Randy” Randal Nardone finally achieved a spot on the Forbes list as the 557th richest man in the world after his investment firm called Fortress Investments, co-founded in the 1990s, was acquired by Japanese firm SoftBank in a 3.3 billion dollar deal. As a co-founder of Fortress, Randal Nardone on 53 million shares when the company went public as the first private wealth investment firm to be listed on a public Stock Exchange in 2007. The net profit of the sale of his shares in 2017 amounted to 1.6 billion dollars, making up the majority of his wealth and position on the Forbes list.

Randal Nardone achieved his Bachelors of Arts in Biology and English from the University of Connecticut, and later achieved his Juris Doctorate from Boston University. Upon receiving his education, Randy went on to serve as a board of director on many companies boards prior to listing Fortress on the stock market and gaining the company over $600 million in new assets. Some of these companies include the likes of doBank, Alea Group Holdings Bermuda, EuroCastle Investments, Newcastle investment, RIC Coinvestment, OneMain, Aircastle, SeaCube Leasing, GAGFAH, Brookdale Senior Living, Florida East Coast Holdings, Springleaf, UBS, and BlackRock Financial Group.

After all of his experience serving on the boards have different companies, Randal Nardone was appointed the CEO of Fortress in a temporary role between 2011 and 2013.The SoftBank acquisition was a somewhat small one for them (though a great deal for Fortress). SoftBank has acquired other companies for almost ten times the amount at which Fortress was acquired for: ARM Holdings PLC, a microchip processing company, was acquired for 32 billion dollars. Also, Sprint mobile phones was acquired by SoftBank in 2013 for billions as well. Fortress Investments currently holds over 70 billion dollars in assets as of 2017 estimates. Learn More.

Financial Expert Peter Briger Returns His Blessings To His Community

Fortress Investment Group is fortunate to have Peter Briger as one of its co-chairman. Being one of the world’s leading investment management companies, this firm needs the financial skills and talents of this man to sustain its ability to manage and control $65 billion assets. This astute businessman uses his more than 20 years of experience in asset management to further the goals of this company. He was instrumental in setting the strategic direction of the company since 2002. Being elected to his current position in 2009 was just the natural result of the time and effort he has spent in ensuring its success. Peter Briger is in charge of managing FIG’s Fortress Credit Business specifically its real estate business as well as its credit fund. The company is currently employing approximately three hundred workers.

Its business is mainly focused on distress assets, undervalued assets and in illiquid credit investments. The FIG co-chairman is a graduate of Princeton University and is also a holder of an MBA certificate from the University of Pennsylvania particularly its Wharton School of Business. Peter Briger spent many years honing his business experience before coming to Fortress Investment Group. He worked with the financial giant Goldman Sachs in various executive positions. As an executive in this company, he served in its various committees such as the Global Control and Compliance Committee and the Asian Management Committee. He was also appointed as co-head of Goldman Sachs’ Fixed Income Principal Investments Group and its Whole Loan Sales and Trading business.

In his tenure with the company, he also managed a number of its divisions which included the Asian Distressed Debt business and the Special Opportunities (Asia) Fund. Due to his business success, Forbes magazine included the name of Peter Briger in its Forbes Billionaires’ list in 2008 with a rank of 962. Perhaps he thought that it’s time to give back some of his blessings to the community so he offered his support to the Princeton Entrepreneurship Program. Together with two other Princeton graduates, he provided $100,000 to each qualified candidate of the program as their financial support. The goal of this program is to turn dreams into realities. But Peter Briger is not just focused on making his business succeed. He is also spending some of his time and effort in giving part of his money to charitable organizations. One of his beneficiaries is the Council for the Global Fund for Children. He also actively supports the work of the Council on Foreign Relations.

MICHAEL BURWELL – A SUCCESSFUL BUSINESSMAN AND GLOBAL LEADER

Michael Burwell is a certified public accountant and attended Michigan State, earning a Bachelor’s Degree in Business Administration. He worked at PricewaterhouseCoopers LLC (PwC) for thirty-one years serving in various departments, then as U.S. Transaction Services Leader. He then became the Chief Operating Officer in U.S. business, and finally the Vice Chairman Global for PwC. Michael Burwell’s leadership and organizational skills helped prepare him for his current role as Chief Financial Officer of Willis Towers Watson, a top global advisory brokerage solutions company.

 

Willis Towers Watson employs forty-thousand people in one hundred forty countries. The company helps clients who engage in risky ventures turn them into patterns of growth. Combining assets, ideas and talent for solutions helps make businesses grow and thrive, along with technology to support the business.

 

Willis Towers Watson looks at other companies to get a clear picture of what they’re all about, such as how their goals and challenges work to achieve positive results. They also take steps socially by helping in community activities and protecting the environment in the following ways:

 

  1. Giving charitable gifts
  2. Improving energy efficiency
  3. Purchasing environmentally friendly products
  4. Encouraging associates to volunteer in worthwhile programs

 

In an interview Michael Burwell took part in, he was asked what his typical day consisted of. He said he gets up at 5:00 a.m. and makes his bed every day, even when traveling. It makes him feel he’s doing something worthwhile starting his day. He then gets on his stationary bike and thinks about what he can achieve that day.

 

Michael teaches the importance of doing more with less, making sure his staff takes the time to be good listeners, learning from other’s ideas, building their network and using technology as a way to be more productive. Communicating with one another is vital, as well as being positive and sticking with what you know will work. He knows they’re not always winners in their decisions, so when they lose, he wants his staff to ask the question, “What one thing could we have done better?”

 

Willis Towers Watson has been on the list of one of the top most admired companies in the world four years in a row. His favorite quote, “There is only one place to look for leadership and that is in the mirror,” came from his daughter. He lives by it and knows others can too.

 

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