Tag Archives: Financial Services

Randal Nardone Steadfast Service with Fortress Investment Group

Published / by TheHI

Randal Nardone is a Co-Founder of the Fortress Investment Group. He has over 30 years of experience in the financial services industry making him successful in his chosen craft. Before he began his professional career in business, Nardone studied at the Connecticut University where he earned degrees in Biology and English. Next to that, he went to the Boston University’s School of Law and completed his Juris Prudence degree.Subsequent to earning his Juris Prudence degree Randal Nardone was employed by the Thacher Proffitt and Wood law office. He became a member of the executive committee and partner at the said law firm. After that, he went on to the industry of financial services where he got the chance to serve with Blackrock Financial Management. He became a principal of Blackrock and held that role till 1997, then resigned to be the Managing Director of UBS.

After a one year stint at UBS, Nardone moved on to join the Fortress Investment Group in 1998 and took on the position of Chief Executive Officer from 1993 onwards.Randal Nardone poured every knowledge and experience he gained in the financial industry in Fortress because he was confident that he had the appropriate skills to help the company. And along with his co-principals he worked with the knowledge that the clients and the entire company would benefit from any great successful accomplishments that were attained. And with this in mind the company grew, and others were likewise given the opportunities to be successful with their holdings and investments. Nardone always had Fortress’s back, and he prioritized his immediate attention to things and people who essentially needed it.Taking note of how things are changing within the industry and how Fortress Investment Group evolved through the years.

Nardone wanted all the individuals connected with the company to know that he would always assist them with any options available to improve things. And since he knew that others worked hard to make Fortress what it is today, he felt it was his obligation to open routes for the things they truly deserve.So, when the SoftBank Group Corporation (SBG), a conglomerate and multinational Japanese company based in Tokyo, inquired about any possibilities of acquiring Fortress, Randal Nardone consented to the idea. His intention behind this is that the move will provide further opportunities for Fortress, and get the support it needs to develop further.After the acquisition was completed, SoftBank adhered to the agreement that it would allow Fortress to have an independent operation, will still be based in New York, and will be managed by Randal Nardone along with his co-principals.

Wes Edens: Climbing Mountains in Financial Advisory and the World

Published / by TheHI

Wes Eden is Co Executive Officer and the co-founder of Fortress Investment Group LLC. Fortress is a diversified investment manager created in 1998. It has grown to occupy offices all over the world, with over 900 asset management employees, over 1,750 clients and $43.6 billion in assets. Their largest asset is in credit private equity. Fortress seeks to assist individual clients and companies with undervalued assets or who have limited cash flows. They use innovative problem solving techniques to secure capital for these clients to give them the opportunities to expand. Wes Edens has been on the board of directors since 2006. His responsibilities lie in the company’s private equity, and in the publicly traded alternative investment businesses.

Wes Eden grew up in Montana and went to Oregon State University. There he received a B.S. in business administration in 1984. He started work three years later at Lehman Brothers as a managing director and partner. Then he went to BlackRock and worked in the private equity division. He was a managing director and partner till 1997. Finally, he co-founded Fortress Investment Group in 1998. He, his wife Lynn and their children now live in New York. He was ranked #962 in the 2008 Forbes billionaire list. According to BizJournals, Wes Eden’s take home pay was $54 million. Wes Edens is interested in many things outside of Fortress. He co-owns the Milwaukee Bucks with Marc Lasry, which he announced he would like to keep in Wisconsin and even build a new arena for the team. He also owns a team called FlyQuest.

FlyQuest is a professional video gaming team in eSports. ESports are a multi-player video game competitions that are played by professional video gamers. Millions of spectators watch online or in convention stadiums. The players compete for prize money, and the global eSports market was expected to make nearly $500 million in 2016. The organizations became quite popular in the 2000’s, and have over 17 million spectators now. The FlyQuests are competing in the North American League of Legends Championship Series. In his down-time, he enjoys mountain climbing, and horseback riding. Wes Eden’s work ethic and career show that he not only has the grit to make great things happen, but he has a fun side too. Whether he is assisting clients and his company in their efforts to grow, or climbing the next biggest peak, he hasn’t shown signs of slowing down.

Source of the article : http://www.nbcsports.com/philadelphia/tags/wes-edens