The Fortress Investment Group was established back in 1998 by a team of finance professionals looking to make a difference in asset management. Randal Nardone was one of them and has served in the management team for all these years. In the close of 2006, he joined the board of directors.
He has acted in the capacity of the Chief Executive Officer for five years now having assumed office in August 2013. He has enjoyed an impressive career at FIG that has caught the eye of anyone who cared to look. Randal Nardone has overseen the establishment of numerous offshoots. The Fortress Credit Corporation, the Fortress Registered Investment Trust and the Fortress Investment Fund IV and V were all brought to life under his watch. He serves as the chief executive of most of them.
Randal Nardone has gained great expertise during his time with FIG and has not shied away from offering the same to other institutions. This has afforded him the opportunity to serve on numerous boards. RIC Coinvestment Fund, Newcastle Investment Corp., IMPAC Commercial Holdings and Blackrock Financial Management have all enjoyed his services. He has held the position of CEO and director in most of these firms.
At the moment he serves as a director of Springleaf REIT, Eurocastle Investment Limited, Springleaf Finance as well as Florida East Coast Holdings Corp. He is the president at Springleaf Financial Holdings and a principal at Fortress Credit Corporation.
He attended the University of Connecticut where he studied Biology and English for his undergraduate degree. He later joined the Boston University School of Law and graduated with a J.D.
Randal Nardone brought in a great wealth of experience to FIG from his previous positions. He began his career at the Thacher Proffitt & Wood law firm. His diligence and great work ethic saw him elevated to partner. When he eventually left the firm, he was serving in its executive committee. He later joined BlackRock and served as its principal. A year before going out on his own he became the managing director of UBS. He stepped down in May 1998 and joined hands with Wes Edens and Rob Kauffman to bring the Fortress Investment Group to life.