Iconic Fund Manager for the Public: Randal Nardone of Fortress

Last year, Japanese company SoftBank acquired American based Fortress Investments for 3.3 billion dollars in an effort to become one of the leading investment firms in the world, centered around technology and finance; Artificial intelligence being at the forefront of this effort. Co-founded by Randal (Randy) Nardone in the 1990’s, Fortress Investments was the first hedge fund and private wealth company to go public on the stock market in 2007. This move ultimately gained a credit of 600 million dollars for Fortress Investments, and secured them as one of the leading funds to go public with an IPO. This move on the part of Fortress co-founder Randal Nardone was unprecedented and set the stage for other funds to follow suit.

It also allowed for everyday investors to have access to invest in hedge funds which were formerly reserved for the ultra-wealthy. Prior to Fortress Investments, Randal Nardone attained his education from both the University of Connecticut and Boston University. After that, he served as the board of directors on many organizations in the world of finance. Some of these companies included the likes of UBS, OneMain, Springleaf, BlackRock Financial, Newcastle Investment, RIC Coinvestment, EuroCastle Investments, DoBank, and Alea Group Holdings Bermuda.

According to his Bloomberg page, Randal Nardone was even the short-term CEO of Fortress during the years of 2011 and 2013. Now he is the Chief Operating Officer, and continues to guide Fortress even after the acquisition by SoftBank.Fortress, though, was not the only company that was acquired by SoftBank. ARM Holdings PLC was purchased for ten times the amount at which Fortress was purchased by SoftBank, and even Sprint mobile phones was purchased by SoftBank in 2013. Regardless of the fact that SoftBank acquired Fortress, Randal Nardone of Fortress Investments will go down in history as an iconic fund manager who led the way for publicizing hedge funds to the public.

RANDAL NARDONE’S HISTORY AND HIS SUCCESS OVER THE YEARS

Randal Nardone is the Chief Executive Officer for the Fortress Investment Group, a private equity firm, which he also helped to found alongside Wesley Edens and Rob Kauffman. He has been part of the management of the group since its foundation two decades ago. Nardone would later become a member of the board of directors then in 2006. Nardone has had a very colorful career that has helped him gain the experience which he as used to help develop Fortress Investment Group to the heights that it has come to over the years. Randal Nardone has held executive positions both in the company he works for now and other companies, which is where he has gained most of his experience from. Not only has he gained experience in this fields he has worked in, but also, he has gained an immense amount of wealth together with his fellow founder of the Investment Group.

The entrepreneur comes at 557 on the Forbes list with a net worth of $1.8 billion. Mr. Nardone attended the University of Connecticut where he graduated with a degree in English and Biology. He also became a Juris doctor holder after graduating from the Boston University School of Law. He joined Thacher Proffitt and Wood where he held an executive position before joining Blackrock Financial Management where he worked until 1997. He later joined UBS as a Managing Director after which he left to found the Fortress Investment Group. Here, Randal Nardone holds several positions including being a principal of Fortress Credit Corporation, founder, and Chief Executive Officer of Fortress Investment Fund IV & V and co-founder of the Fortress Registered Investment Trust.

Other than these positions in Fortress, Mr. Nardone is the President and Chairperson of Springleaf Financial Holdings, Director of Ncs 1 LLC, Vice President of Newcastle Investment Holdings, Director of Eurocastle Investment Limited, and Director of Florida East Coast Holdings Corporation. Nardone is also the Director of Aircastle Limited, New Media Investment Group, SeaCube Containers Leasing Mapeley Limited, Brookdale Senior Living Inc. and Director of Alea Group Holdings Bermuda Limited among numerous other positions. Fortress Group’s success has put all its principals on the media due to its success, something a Japanese Multinational Company also noted. SoftBank, the Japanese Company, entered into a deal with Fortress Investment Group to make a full purchase of the company and take control of the assets that the company owned. Randal Nardone, Wes Edens, and Peter Briger continue to lead Fortress as an independent entity though still working under SoftBank.

Michael Burwell’s Confounding Career Path And Success

The newly appointed Chief Financial Officer of Willis Towers Watson, Michael Burwell will be filling in the position of his predecessor, Roger Millay. The firm specializes in Global Advisory, Reinsurance, and Insurance Broking. The noble leader has renowned expertise in the field of finance. Before accepting his leadership position at Willis Towers Watson, he worked at Pricewaterhouse Coopers LLP, PwC for almost thirty-one years.

While serving at PwC, he got his experiences by serving diligently in numerous senior positions. Some of them include United States Chief Financial Officer, Head of Global Transformation, Chief Operating Officer, Head of Transaction in the United States, and much more. Other areas which he has specialized in include Transaction Services advisory and auditing for several years. He also presents good works on pre-merger because of his high valuation and diligence in the financial areas. From all these, the chief executive officer at Willis Towers Watson, John Haley can conclude that his company will begin to propel to greater heights regarding profit margins, customer care delivery services, and much more.

Willis Towers Watson’s President, John Haley was moved by the fact that they had Michael Burwell  in their leadership team. Mr. Haley is confident that Michael will help in driving the company’s goals to realization following his experiences in many financial disciplines. To add, the President also congratulated Roger for building stronger grounds for the company hence leaving them with a promising future. Get More Information Here.

Additionally, Michael Burwell also appreciated the chance he got to work and lead the industry. In his judgment, he believes that he will contribute significantly to the growth of the firm. He promised to work hand in hand with the community of staff members at Willis Towers Watson to ensure that their clients get top notch customer services.

Michael Burwell went to Michigan State University for his Bachelor of Arts degree in Business Administration. He was named Michigan State University’s Alumnus of the year in 2010. He also has unique knowledge in anything CPA-related, Certified Public Accountant. Following the contributions of Michael Burwell at Willis Towers Watson, the firm is already experiencing the increase in profits from the sales of their stocks. His efforts are indeed paying off, and the industry will never thank him enough for impacting on their reputation positively.

All in all, Michael Burwell is leading a successful career with praises from both his current and previous employers. He indeed gives it all to ensure that he leaves a legacy wherever he works.

 

 

MICHAEL BURWELL’S CAREER

Michael Burwell is a bachelor of arts in business administration holder from Michigan state university and a certified CPA holder. Michael Burwell is skilled in leadership, management and audit services. He has worked in the financial and professional fields for long . before joining wills towers Watson, he is said to have had thirty-one years of experience.

 

Michael Burwell has worked in various roles before in the financial sector. He has also carried out so many business deals for many companies. These companies range from large to small, private and public. Michael has also been the chairman of global motives. He was once the leader of a transaction in the US. Michael Burwell was appointed the Chief Financial Officer of Willis Towers Public Limited Company last year. He has served as the head and US Transformation at LLP. He was one of the partners at PricewaterhouseCoopers LLP. Michael Burwell was chairman of PricewaterhouseCoopers Global Automotive Value Awards team, which works with the manufacturers, parts suppliers and U.S. relative to PricewaterhouseCoopers Global Automotive Value Index. He also leads the Transaction Services Group of LLP. He has also monitored the business and projects of various private equity and led in studying specific product and process enhancements of several manufacturers. He is the Chairman of the Suppliers M&A Institute Conference for more than five years now. He always addresses issues on automotive industry M&A and other things related to the automotive industry.

 

Michael Burwell has experience as an auditor and as Transaction Services advisor. This makes him a transaction expert thus dealing with high-level clients in multinational companies such as the wills Watson tower company. He joined the company as a replacement for Rodgers Millay the head of the company john Haley was pleased with his experiences and urged him to work for the company diligently. He was pleased with his management leadership skills and his connection with the clients given that the company is global and values its clients globally. He was also confident of his expertise in various fields of finance this expertise was needed for the company’s success and make steps towards achieving the company’s full potential.

 

While joining the Willis Towers Public Limited Company, Michael Burwell said he loved it there, and he promised to keep the company going while mentioning that In his works he is motivated with the high degree of leadership, service to clients and being accommodative.

 

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Eminent Expertise Of Michael Burwell

Every Company Needs a Michael Burwell.

Quality refers to the degree to which a good or service fulfills the requirements of customers. A quality system comprises of the organization structure, responsibilities, procedures, processes, and resources. Companies are not looking for papers, but rather qualified men who can integrate the systems to improve their performance. Experience is the backbone of standard manipulation of the methods to the perceived expectations.

Michael Burwell is one man that has shown his potential in a doubtless way to be this expert that any company would grab. Michael Burwell studied at Michigan State University and is skilled in areas of accounting, leadership, internal control, finance, CPA, portfolio management, and auditing. In other words, he is an all rounded professional. He has worked in proficient companies such as Pricewaterhouse Coopers LLP. (PWC).

Due to his wide range of knowledge, he has worked in assurance practice which deals with auditing, and in the transaction sector in Detroit. Any company requires a firm leadership in management to carry out planning, organization, leading and controlling. Michael Burwell did not fail in this when he was the lead coordinator in the PWC Company. He has a complete understanding of human behavior in organizations.

His accounting knowledge enables him to control the inflow and outflow of funds enhancing effectiveness and efficiency of the company. Michael Burwell has used his expert power to hold a position as a finance officer for over thirty years. Failure is a thing of the past due to his experience. Michael Burwell focuses his abilities on quality planning which results in performance that supersedes the initial expectations of the company.

Michael Burwell also has worked for over twenty years in the audit and transaction sectors and his experience in this is far much than anyone can imagine. Burwell delivers his best as a chief operating officer. He focuses his ideas on quality improvement by identifying an improvement project and provides remedies to dealing with resistance to change. He is good at acknowledging any defects that may bring losses and addresses them in the most efficient way.

Every company is wishing to exist in the foreseeable future. Michael Burwell has this attitude that once a company is set up, it should operate for generations. He will help any organization reconcile divergent positions and align the inconsistency hence, establishing an equilibrium state that will enable an organization to prosper.

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