Randal Nardone to Remain at Fortress Investment Group after the Firm Accepted Takeover Bid

Randal Nardone will continue holding an influential position even after Softbank; a Japanese Investment Group has acquired fortress Investment Group. Nardone is one of the founders of the asset management firm that has been in operation for almost three decades. He has been on the frontline in formulation and implementation of some of the most critical strategies that have taken the organization to greater heights. Fortress Investment Group, which was established in 1998, will now be under the ownership of a Japanese based bank whose $300 billion for all the shares was accepted by the management of the firm.

However, the new owner of the alternative asset investment company seems to maintain the trend of the company. This has been done by ensuring that most of the senior staff members, especially those at the executive levels such as Randal Nardone, Peter Briger, and Wesley Edens remains at the helm of the firm during the transition period to prevent any challenges that are often experienced when a firm is being transferred from one investor to another. However, it remains to be seen what will be the new role of the company founders as they enter the period of uncertainty.

It was expected that Randal Nardone and other members of the management committee would be retained because they have significant stakes in the company and their influence and leadership skills cannot be replaced. It is worth noting that the three co-founders of Fortress Investment Group own more held more than 30% of the company’s stocks, hence demonstrating the influence they had on the daily running of the firm. Senior executive members will continue serving in the firm for unforeseeable future which means that Fortress Investment Group will continue to dominate the asset management industry even after the ownership change.

Randal Nardone has been a critical leader in the development of the firm, and there is no way the new owner would have afforded to release him from his duties. It is also worth noting that Nardone and other executive members were entirely behind the takeover bid and voted for the transfer of company ownership. This could be a hint that they were aware that their interests would be served under the new ownership. A Force of Innovation: Two Decades of Fortress Investment Group