The growth of Fortress Investment Group LLC would be probably unimaginable and unrealized without the involvement of its principal and co-chairman Wes Edens. In an article from Business Wire, such relevance of Wes Edens in the growth, prosperity and expansion of Fortress since it was founded is being affirmed to be evident, too. It also adds the official statement of what Wes Edens thought of the recent acquisition decision of OneMain Financial by Springleaf. Wes Edens shared that being a shareholder of Springleaf, he believes that the recent transaction is a bold and compelling decision both financially and strategy-wise.
Such decision would combine the strengths of the two companies and bring forth the best set of products and services for their clients. With similar cultures and management teams that see things in a way that balances unique perspective and unity, this new decision would then be an exciting opportunity for growth. The article also added that Fortress has about 73 million shares already of Springleaf after Fortress purchased 80% stake for American General Finance, that reached to about $125 million. Edens also shared that the collaboration would create a premium consumer-centered company that would serve about 2.5 million customers.
About Wes Edens
Edens’ career in Fortress starts as being its co-chairman, co-founder and principal when the company was founded in 1998. Also, with Edens’ role in the company, Fortress is able to build a reputation of being a diversified global investment company with about $67.5 billion of assets under its management. Before his work at Fortress, he went to the Oregon State University in 1984 to get a B.S. degree. It is also in the public executive profile of Edens that he’s the co-owner of the Milwaukee Bucks, which is an NBA-licensed franchise from Milwaukee, Wisconsin. The growth of the League of Legends game team FlyQuest is also possible because of Edens’ ownership role. There’s also a number of advisory boards today where Edens plays a solid role. Some of them include Springleaf Holdings where he’s a board member in 2010. He’s also the Chairman of Nationstar Mortgage Holdings, as well as the Chairman of the Board for New Senior Investment Group.
Wes Edens co-founded Fortress Investment Group in collaborations with other key principals. Besides co-founding Fortress, he co-owns Milwaukee Bucks, and also he founded e-sport team FlyQuest. Mr. Wes attended the Oregon State University and was able to earn his degree in Finance and Business Administration. A few years later he joined Lehman Brothers and worked there as the managing director before moving to BlackRock Asset Investors where he served till the idea of establishing Fortress came up. As he was serving in these two companies, he gains massive experience and skills that enlightened him in running various businesses and handling customers hence by establishing Fortress would yield lots of success. Since the establishment of Fortress Investment Group it has been recording remarkable improvement and growth since it is currently leading in the investment manager this is an indication of the leadership and governance from the able leaders such as Wes Edens.
Edens started to be the co-chairperson of the Fortress in 2008, and since then the progress of this company has drastically increased and attracted more investors to make their investments with Fortress. The team in the Fortress are well conversant with investment more asset management hence they offer the right services that are satisfactory to the investors. The most significant achievement of Wes Edens in Fortress was when he helped the firm to buy Springleaf Financial Services which made the company to earn huge returns from their investment. Mr. Wes is a great investor and has been successful in all the investment business that led him ranked at Forbes Billionaire list at position 962. His passion drives him, commitment and determination in business and through that he works hard to ensure all the goals that he set are achieved.
Moreover, he ensures that the employees serving under his leadership are motivated in working hard since it is through hard work and teamwork that will aid the firm to attain its goals.Furthermore, Wes Edens is a great philanthropist that is devoted to giving back to the community. There are lots of philanthropic organizations that are supported by Wes through donations. Some of the organizations that he provides donations include Environmental Advocates of New York, Santa Barbara Museum of Natural History, and the University of Florida amongst many more. Through the donations and support he provides has enabled hundreds of people to meet their basic needs and easy access to quality education. Wes lives in New York City with his wife Lynn, and together they have four children.
Randal Nardone is a co-founder with two other partners for Fortress Investment Group. He also serves as the chief executive officer and director of the company. He is gladly connected to around eight organizations in 20 different industries. Randal co-founded the company in 1998 that continues to grow in his leadership and other partners. Since 2013, Randal Nardone has worked as the chief executive officer and in 1998; he assumed the seat of a principal of the Fortress Credit Corporation. Randal is the able president of Ncs 1 LLC. He also stands in to serve as the chair and president of Springleaf Holdings LLC. His service is extended to Newcastle Investment Holdings LLC where he is the secretary and vice president. Being a co-founder of Fortress Investment Group has been an exciting journey for him and the other partners. The headquarters of the firm is in New York in the United States.
His leadership ladder is quite a wide and exciting one. He has been an all-time principal and director of the Fortress Credit Corporation. Mr. Randal was as well the president and chair of Springleaf Financial Holdings LLC. The great company enjoys the service of this great leader since 2006 as the director, principal, and co-founder. In the same year, Randal was elected to the office of being a director for Eurocastle Investment limited where he still serves. Following ear in 207, Randal was given the title of a non-executive director at Alea Group Holdings Bermuda Ltd. In the year 2008, more responsibilities were added to him serving as the director of Florida East Coast Holdings Corporation where he still gives direction. In 2010, the Springleaf Finance Inc.
saw his excellent work, he was given the post of director, and he continues to show his unique skills and expertise in there. Mr. Randal is the current director of Springleaf REIT Inc. since 2011. His profile reads excellent leadership posts which equally suggests that he is a man with a vision. He serves in many board settings, and he continues to earn respect in his career and profession.Randal Nardone went to the University of Connecticut where he earned a BA. He proceeded to Boston University School of Law where he acquired an honor in Juris Doctorate. Randal Nardone is affiliated to several organizations either directly or by association. In all these, he shows his commitment and dedication to excellence and success. Mr. Randal was named a billionaire in 2007 as part of the famous Fortress Five.
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