Fortress Investment Group Co Founder Randal Nardone

Randal Nardone is one of the main executives of the investment firm Fortress Investment Group. Nardone has been actively involved in building the firm and establishing it as one of the leading private equity and institutional investment firms in the world. Along with being a high ranking executive and the co founder of Fortress Investment Group, Randal Nardone has also been associated with other top financial services firms such as Blackrock Financial Management and UBS. Prior to his career in finances, Randal was a member of a top law firm. These experiences have allowed Randal to establish a unique background that has made him a valuable contributor in both the legal and financial services fields. Visit https://angel.co/randal-nardone

Before co founding Fortress Investment Group, Randal Nardone spent a number of years as a high ranking executive at other financial services firms. His first position in the field was as the principal of Blackrock Financial Management. At this position, Randal had an administrative role where he oversaw the firm’s operations as well as devising strategies to help it reach its specific goals. Nardone would later join the prominent investment firm known as UBS. While he was a member of UBS, Randal served as the firm’s managing director. This position entailed establishing clientele for the firm as well as providing general administration.

When Randal Nardone first started his career, he worked in the legal field. He was a member of the law firm Thatcher, Proffitt & Wood. Randal spent a number of years at the firm as an associate attorney before becoming a member of its executive committee. As a member of the firm’s executive committee, Nardone would be given his first major leadership role at all of the organizations that he has been a part of.

In 1998, Randal Nardone co founded Fortress Investment Group. The firm was intended to serve the needs of institutional investors. Much of the firm’s services were in private equity and asset management. Once starting up the firm, Randal was immediately named to the management committee as well as the firm’s principal. In recent years, Randal has served as the firm’s co chief executive officer as well.

Read more on crunchbase.com

Randal Nardone, Fortress Investment Group Randal Nardone and Fortress Investment Group Starts an Open-end Asset Fund

In early September 2018, Premier Gazette reported Fortress Investment Group started an open-end asset fund for intellectual property investments and asset debts. The reason, to meet the current demand for the fund in which the firm’s Principles Randal Nardone, Peter Briger, and Wes Edens estimate to increase by $500 million. Now that SoftBank is owner of the investment management company, the three executives are in control of the day-to-day operations and decisions to continue its growth. Although, they have a controlling interest, the owner of SoftBank, Masayoshi Son expected the fund closing in October of this year. This fund is attracting companies with its benefits compared to pension plans, insurance, and sovereign wealth funds. Visithttps://en.wikipedia.org/wiki/Fortress_Investment_Group

Premier Gazette defines an open-end asset fund as a mutual fund that is restriction free on its shares issued for bonds or stocks. Its structure provides investors a way to invest conveniently and to pool their money in diverse portfolios. Most investors prefer the fund because it doesn’t require a large investment amount of cash to enter. Another great benefit is that it helps investors reach their desired goals of growth and income thresholds. Sources are saying Randal Nardone and Fortress Investment Group will close the fund by the end of the year at $5.5 billion.

Open-end asset funds involve risks, such as non-regulation and questionable interest rates. Randal Nardone, Edens, and Briger are extending Fortress Investment Group’s credit opportunities to new buyers, besides their current investors to balance risks. A risk of interest is open-end investments don’t allow trading on an exchange and priced at a day end value because it’s not a liquid.

Since Randal Nardone and the co-founders of Fortress Investment Group established the investment managing firm, they have partnered with other investment firms. With all their partnerships with other companies, they remain in control of management and operations. When Masayoshi Son purchased the firm, its funds, and subsidiaries last year, he agreed to Nardone, Edens, and Briger keeping their management team and running the business as when the company organized 20 years ago.

Read more on bloomberg.com

Peter Briger: Making Gains in the Midst of Financial Turmoil

Peter Briger joined the management of Fortress in March 2002, taking responsibility for credit and real estate portfolio. He joined the board of directors in 2006 and was elected the co-chairman of the board in 2009. Previously, he worked for Goldsman, Sachs & Co. for 15 years, and in 1996 he became a partner in the firm. Also serving as a board member of Tipping Point, a non-profit organization. Peter Briger is a current board member of Caliber Schools.

In 2007, Fortress Investment Group shares started trading on the public market in an Initial Public Offer. The move to go public making Peter Brigers 66 million shares in the firm has a net worth of more than $2 billion. The current principal of Fortress has built a reputation through his expertise in trading assets that everyone else is avoiding. Peter Briger primary strategy is to buy assets that mainstream sources of capital are trying to avoid. The reason for aversion being due to economic struggles, political interferences, or other opportunities arising. View Peter Briger’s profile at Equilar

Through Briger, Fortress group employs the buy-low-sell-high rule, holding on to assets until their market value rises. Above strategy is not without risk, and has been noted to be a delicate balance that requires a certain degree of expertise to succeed. Success in strategy is the task Peter Brigers’ team have to deliver periodically. Peter Briger brings to the company similar successes in trading like his previous accomplishments with Goldman. Among the highlights in the first quarter of this year is the raising of $4.7 billion for Fortress Credit Opportunities.” The amount raised representing 87% of new funds raised in that quarter by Fortress.

In the midst of the financial crises, Fortress identified discounted opportunities present in the market. Circumstances surrounding institutions shareholder demands and governments regulatory measures, forcing them to offload non- performing and high-risk fixed assets. In the last three opportunistic trades, Fortress has made gains in internal rates of return of between 12.7% to a high of 25.2%. The gains are an illustration of Peter Brigers prowess that continues to wow investors.

Now that the financial crises are over, Peter Brigers sees an opportunity to profit from the distressed assets acquired during the recession. These gains are particularly so in the financial sector. Banks continue to suffer from regulatory and political unrests forcing them to change how they conduct business.

Read: https://www.fool.com/investing/general/2015/05/23/peter-briger-fortress-investment-groups-23-billion.aspx

 

Steve Ritchie Believes That Papa John’s Is On The Road To Recovery

Steve Ritchie, CEO of Papa John’s International Inc., is optimistic that the company is on the road to recovery. Even though he has acknowledged that the company still has a lot of work to do until their customer base trusts them fully, the company is slowly recovering. However, the third-quarter report earnings are still showing a decline in sales.

During a recent conference call, Ritchie stated that important steps were taken during the third quarter and that executives are seeing first hand that these steps are beginning to work. Ritchie continued to state that he understands that there are still hurdles to jump, but data has shown that customer perception of the company is being to shift in a more positive manner. Ritchie credits this shift to the Voices campaign that was launched in the fall. Ritchie believes that the new focus on customers will help those numbers rebound.

To help achieve the new objectives, Ritchie has done some restructuring at the executive level. Mike Nettles is a new vice president, chief operating, and growth officer who is in charge of the restructuring. Four other vice president positions were created all relating to customer service and branding. These rolls, according to Ritchie, will help Papa John’s reach their new objectives.

Steve Ritchie Papa Johns has his hopes up and believes that Papa John’s will have a better fourth quarter. He understands that there is more work to be done. However, Ritchie believes that they are seeing positive results in all the hard work that is being done. He states that even those who are responsible for their cash flow are also confident that the company is going to rebound. Papa John’s, according to Ritchie is going to run with this positive momentum and continue to move towards a more positive future.

Reference: https://www.bloomberg.com/research/stocks/people/person.asp?personId=116958187&privcapId=325388

Shiraz Boghani’s Contribution to the Hotel and Health Industries

Asian Business Award hosted the Hotelier of the Year Award 2016 ceremony and Shiraz Boghani emerged the winner. Boghani is the Chairman of Splendid Hospitality Group who has worked in the hospitality industry for over three decades. The executive accountant has 91 hotels under him in the United Kingdom, a business he has done since the 1990’s. The launching of the 292 bedroom Hilton London Bankside at the cost of £121million is one of his recent successful deals. Other ventures under Shiraz include Mercure Bristol Brigstow Hotel, The Conrad London St James and New Ellington in Leeds to name just but a few. The Chief Executive Officer of Splendid Hospitality Group, Stuart Bailey points out that the group’s success is a result of Shiraz Boghani’s hard work and dedication. The Privately owned Hotel group is among the fastest growing hotels in that category in the United Kingdom. Read more on https://medium.com/@ShirazBoghani/hotelier-shiraz-boghani-shines-at-the-asian-business-awards-2016-282659c7a533

Shiraz Boghani is a Kenyan born businessman who settled in the United Kingdom in 1969 and worked in a Chartered Accountants company as a trainee accountant before joining Thomas McLintock & Co. With a business mind, Shiraz discovered many business opportunities and started many businesses in the UK including Sussex Health Care. Shiraz and other partners started the home, which has over 500 beds and 81 facilities across the United Kingdom in 1985. The home provides the residents with special care due to the availability of specialized equipment, state of the art facilities with gyms inside and thoroughly trained staff. Additionally, the facility provides specialized treatment to the old people with conditions like dementia, neurological diseases, and other disabilities. Sussex partners with learning institutions to ensure there is the training of staff and enhance the development of programs aimed at serving the residents in the best way possible.

Shiraz Boghani also contributes in many philanthropic activities by supporting many voluntary services through his resources and time. He is a supporter of Aga Khan Development Network globally and Aga Khan Foundation in the United Kingdom. The foundation caters for the poor people in urban centers by providing charitable funds, and Boghani donates money to the foundation regularly. Other areas of his contribution include the Aga Khan University, National Council, and National Conciliation.

Visit his  Facebook

 

Luiz Carlos Trabuco Assumes Bradesco’s Board Presidency

Speaking of Luiz Carlos Trabuco as an executive only would be stripping him of his many titles. Summed up, he is part of what suits the description of a mythical dynasty. Carlos Trabuco is but the fourth individual to assume the presidency of Bradesco, the largest banking institution in Latin America. The lineage started with the founder, Amador Aguiar. Since 2009, Trabuco has occupied a position synonymous with power: Managing a financial firm that has over $900 billion in assets and serves more than 27 million clients and 4.5 million companies.

Bradesco Under Trabuco’s Leadership

Under the leadership of Luiz Carlos Trabuco, Bradesco realized tremendous growth. Within six years, the bank has doubled its size reaching an asset worth of R $78 billion from R $32 billion in the 2008 fiscal year. During his first full year of administration, the company’s return on equity saw a spike, jumping up from 22% to 29%. On the other hand, Bradesco Seguro’s participation with the bank grew to 35% from 26%.

Bradesco Seguro’s positive performance hedged Trabuco’s chances of earning the favor of the bank’s board that was to elect Marcio Cypriano’s successor as the president. Finding the someone who would carry on Bradesco’s traditions and culture was not easy, both for the voters and the elect. The situation was the same with the election of Cypriano as Lazaro Brandao’s successor in 1991. Cypriano was behind the bank’s expansion cycle. Between 2001 and 2004, Bradesco had acquired Banco Cidade, Finasa and Zogbi, Maranhao, and Ceara financial institutions, including all operations at Deutsche Bank.

Many names with leading capacity were mentioned during the succession: V.P Jose Luiz Acar Pedro and Milton Vargas. However, it is Luiz Carlos Trabuco who was elected, because of the vast experience he has with the bank spanning more than 40 years.

Read more: Bradesco anuncia novo presidente: Octavio de Lazari Junior vai substituir Luiz Carlos Trabuco Cappi

Carlos Trabuco Assumes Bradesco’s Board Presidency

In October 2017, Lazaro Brandao handed the eight-man board his resignation letter as the president of the Board of Directors. The emotional occasion saw Luiz Carlos Trabuco named the board’s president. Lazaro Brandao’s resignation came sooner than expected as it was scheduled for 8th March 2018. Granted, Trabuco was supposed to relegate the day-to-day operations at the bank to one of the seven sitting vice presidents.

In March 2018, Bradesco announced the election of Octavio de Lazari Jr. as the bank’s president. Nonetheless, Trabuco was expected to carry out his responsibilities as the Board’s president and as the bank’s president until the official announcement after this year’s Annual General Meeting according to folha.uol.com.br. Lazari assumes the position against the popular opinion that Mauricio Minas, one of the VPs and the person in charge of technology, was fit for the job.

Education Background and Career History

Luiz Carlos Trabuco is an alumnus of the University of Sao Paolo, where he graduated with Philosophy, Sciences and Letters certificates. He also holds a postgraduate diploma certificate in Psychology from the School of Sociology in Sao Paolo.

He joined Bradesco in 1969 as a clerk. After 15 years, he became an executive officer of the bank before becoming the CEO of various subsidiaries of the bank in 2009.

Learn more about Luiz Carlos Trabuco: https://g1.globo.com/economia/noticia/conselho-do-bradesco-escolhe-octavio-de-lazari-junior-para-substituir-trabuco-como-ceo.ghtml

Mike Baur Thinking Outside of the Box

Mike Baur grew up in Freiburg Switzerland. Mike started working in the financial industry at the young age of 16 years old, As an apprentice at the Union Bank of Switzerland; back in 1991. Mike continued his career at the bank and would go on to obtain an MBA from the University of Rochester in New York he also received his Executive MBA from the University of Bern.

 

Mike continued to work for the Union Bank of Switzerland during the 90s before he reached 30; he was promoted to an advisory position. With all of the success that he experienced he still decided to leave the company to try something new in 2008. Mr. Baur stayed at the new position for about six years and was there during the recession. The industry itself began to lose the glitz for him, and he decided to move forward in his passion for helping Tech entrepreneurs find funding for their companies.

 

With this thought in mind Mike Will Go On to partner with Max Capital Meister and Oli Walzer, the Swiss Startup Factory was born. Mike Baur is its co-founder and executive chairman of Swiss startup Factory. With his experience as a lender and the expertise of his partners, they created a program an incubator program that aids entrepreneurs this program is like a boot camp a provides tutoring and mentoring and training it also helps with funding. Young entrepreneurs that are part of this program receive three months free rent three months worth of assistance they learn to service the world with their product on a global level as well as present and Market their products to people. There are many Network opportunities with other producers of the Tech Market.

 

Each of the co-founders invests a considerable amount of funds into the entrepreneurs that it serve. This provides the necessary incentive to maintain the success of all involved. When creating the Swiss Startup Factory; the co-creators decided to put Factory in the name of the business. Mike believes factory workers are some of the hardest working people in the world and he also believes that the business owners and entrepreneurs must be willing to work equally as hard to obtain advancements that they are requesting. Mike runs Think Reloaded and continues to work in the Swiss Startup Factory his primary objective is working to secure financing and fundraising

 

The Charitable Acts Of Tony Petrello

Undoubtedly, Hurricane Harvey had a devastating effect on the residents of Texas last year. In addition to thousands of destroyed homes, streets were inaccessible, and the food supplies were insufficient. Among the first respondents to the scene was Nabors Industries, a company under the stewardship of Tony Petrello. This is not the first time the firm has come to the rescue, as philanthropy is one of their key objectives.

After the catastrophic effect of Hurricane Harvey, Nabors Industries deployed their staff to the streets to aid in distributing relief. The workers were assigned according to the level of human resources needed, with the most affected sections receiving more individuals and the less destructed getting fewer workers. Moreover, Nabors catered for the traveling expenses and wages, since the employees were not on volunteer work according to fuelfix.com. During the ensuing fundraiser, Tony matched his workers’ contribution before adding more funds from his coffers.

The donation mentioned above was christened the Nabors Disaster Relief Fund, in addition to rebuilding shattered homes, Nabors set up an enormous kitchen which gave out meals three times per day to the affected families. Besides this hurricane, Nabors had previously lent a hand to the Susan G. Komen anti-cancer foundation and disbursed $3 million in educational scholarships.

How Baby Carena’s Birth Defect affected Tony Petrello
In line with the saying, ‘the rich also cry; Tony’s silver spoon life became sour when his firstborn child, Crane, came into this world. Carena was born with a neurological disorder that impaired her standard development curve, meaning that her growth was retarded. Consequently, she suffers from slow speech and is inactive unlike other children her age. Up to date, relentless searches for a remedy to the condition remain futile, as no cure is available anywhere across this globe.

To a family used to having their way, the unfruitful search for the cure was an exasperating experience. Even worse, to add to Tony’s frustrations, nobody is bothering with research towards finding the solution to this condition. Since then, Tony swore to endlessly support the ongoing research on pediatric neurological conditions until a cure is discovered.

Tony Petrello’s Background
A native of Newark, New Jersey, Tony Petrello possesses a mathematics degree from Yale University. Furthermore, he also has another Ivy League degree, a JD from Harvard Law School. Currently, Tony lives in Houston, Texas, with his wife and family. It is from the Texan city that he runs Nabors Industries, the leading oil drilling company in the world.

See: https://patch.com/texas/across-tx/how-tony-petrello-helped-houston-hurricane-harvey-relief

Doe Deere’s rise to success and how she starts the day

Lime Crime founder and Chief Executive Doe Deere has amassed a huge following from her makeup brand. With a passion for bright and unusual colors Doe’s line of cosmetics is also animal friendly. It is certified by Leaping Bunny and PETA to be cruelty-free and vegan. What inspired her love for these bright colors and how did it comes about?

 

Doe was born in Izhevsk, Russia in the early 1980’s. She took to her creative nature very early on and did not stop. She loved to dress up as a child and even started her own business in school. Doe loved costumes, makeup, and being a entrepreneur as a child. She sold temporary tattoos in grade school. At 17 the young creative spirit traveled across the world from Russia to the United States to start a music career. She landed in New York City where she formed the band SALT SKY and also met her husband Mark. With a successful career in the music industry under he belt, Doe was ready for a new change in life. She loved to Los Angeles to start a new life. Being a color lover she could not find makeup to express her inner rainbow. Doe Deere heard from other people that felt the same so she launched her own brand celebrating these pigmented colors.

 

On another note Doe Deere walked us through her morning routine. Morning is her favorite time of day and calls herself a morning person. She doesn’t even need an alarm clock to wake up. Stretching, drinking water, and looking out the window to see the beautiful day is what she enjoys immensely. She diligently drinks a full glass of water because she swears by it to stay hydrated. Living in the dry climate in Los Angeles, CA it is important to drink lots of water. Her favorite breakfast to eat is grits, but she also enjoys fruit, yogurt, and even fresh squeezed orange juice. She has an orange tree in her backyard so Doe has 24 access to oranges. The unicorn queen checks in with her team at Lime Crime to see how progress is going. She also checks Instagram to see what trends are going on right now and answers fan’s questions. She also catches up on emails to stay up to date. When Doe Deere does her makeup routine she listens to music at the same time. She fills in her brows, puts on foundation, and lastly puts on blush and lipstick. That is her favorite part, the most colorful part. Since she loves animals, naturally she and her husband have two cats. They are her fur babies and she spoils them. At noon she makes it into the office when she partakes in chatting with employees and lunchtime. She closes out the day at 6 pm and goes home. Learn more: https://www.pinterest.com/explore/doe-deere/

 

Brazil’s Banco Bradesco Is Making World Banking Headlines Thanks To Executive Changes And New Banking Programs

According To Chairman Luiz Carlos Trabuco

It takes a lot to get the attention of the world’s banking industry. Banking is the life-force of the global capitalistic economy, but most banks like to stay under the banking radar for a number of reasons. But when it comes to making money and shaking things up in the Brazilian economy, Banco Bradesco is on that radar. Bradesco is number two in the banking industry in Brazil, but the bank is number one in news making accomplishments.

One of those accomplishments is the promotion of CEO Luiz Carlos Trabuco to Chairman of the Board. Trabuco is taking the big job because Lázaro de Mello Brandão is retiring. Some bankers feel Brandão’s retirement is long overdue. He is the oldest bank chairman in Brazil’s banking industry, and one of the first people Bradesco hired in 1943 when the bank got started.

But even though Brandão is retiring, he will still come to the office to help Trabuco. CEO Luiz Carlos Trabuco is not the kind of banker who would turn down a chance to get help from 91-year-old Lázaro de Mello Brandão, even though he has a capable executive team. The executive team is responsible for the increase in operating income and the growth of assets under management in 2017. Bradesco may be the second largest bank in Brazil, but in terms of investor interest, Bradesco is number one. And Wall Street credits Trabuco for the bank’s performance.

Read more on valor.com.br

Lázaro de Mello Brandão retirement will give Trabuco the opportunity to bring the bank’s operations into the 21st century. He will need a strong CEO to make that happen because the 5,000 bank branches are creating serious operational issues. Brazilians want to bank online. More Brazilians are using their mobile devices to complete bank transactions. That’s why the leading candidate to replace Trabuco as CEO is an IT guy. Mauricio Machado de Minas is the Bradesco vice president responsible for creating Next, the digital-only bank according to economia.estadao.com.br. He is in charge of the bank’s IT department and a long time Bradesco employee. But six other qualified Bradesco executives are also in the running. Andre Cano, Marcelo Noronha and Octavio de Lazari, the president of Banco Seguros are also in the candidate pool. Cano is in charge of human resources and Noronha heads the investment division. Chief risk manager, Alexandre da Silva Glüher is also a candidate, and Chief loan officer Domingos Figueiredo Abreu and Josué Augusto Pancini, the vice president in charge of bank branches also have a shot at becoming the new CEO.

But filling Trabuco’s shoes as CEO is not going to be easy. Trabuco is not an ordinary banker. He is not an accountant. He’s more philosopher than a financial wizard and he’s a people’s person thanks to his graduate degree in psychology.

Trabuco got a job with Bradesco in 1969 after graduating from the University of Sao Paulo. Mr. Trabuco didn’t waste any time showing bank executives his management skills.

In 1984, he became a bank officer. and in 1999 Trabuco got the title of vice president but his banking skills didn’t stop there. In 2003, Banco Seguros, the insurance division of the bank needed help so Trabuco got the job. He became the CEO of that division. He spent five years at Seguros, and in 2009 he got the recognition he deserved. Trabuco became the CEO of Bradesco that year, and he hasn’t missed a banking beat since then.

The new CEO will surface a month before the March annual shareholders meeting. No one is sure who will get the job, but some executives are betting Mauricio Machado de Minas or Domingos Figueiredo Abreu will be the next CEO.

Learn more about Luiz Carlos Trabuco: http://www.infomoney.com.br/blogs/bolsa/o-investidor-de-sucesso/post/7002925/quem-substituira-trabuco-comando-bradesco-nomes-estao-cotados-tudo-pode