Category Archives: Financial Services

Randal Nardone: An Optimistic Co-Founder of the Fortress Investment Group

Back in the year 1998, Randal Nardone was discussing plans of creating a new business with Wesley Edens and Rob Kauffman. He noticed that businesses specializing in financial investments and assets management are the ones that experience a greater success. He told his colleagues that it would be better if they would be leaving the company they are working for in the present, and establish a new one where they would serve as the leader. The three left the financial institution that they are working for, and established the Fortress investment Group in 1998, choosing New York City as the best place to erect their headquarters. Randal Nardone, along with Wesley Edens and Rob Kauffman served as the company’s principals, but Rob Kauffman would later be replaced by Peter Briger as one of the principals after the former decided to forge a career of his own.

Randal Nardone assisted the company in so many ways. He supported the move to open the company for public trading, and he also welcomed the idea of selling 8% of the company to the public through shares. He is a visionary himself, allowing the proposals he knew would be beneficial to the company. Recently, he was appointed as the company’s chief executive officer. He placed an emphasis on offering hedge funds, real estate, and various securities to their clients. He also initiated several investment options to their clients, knowing that it would yield profit after studying one of the market patterns. Being one of the former partners of the Goldman Sachs, he used his connection with the company to help them advance the company to become a larger private equity firm.

Randal Nardone is also one of the prominent persons that helped the company get through the economic crisis from 2008 to 2009. During the last years of the 2000s decade, the company experienced one of the worst economic disasters in recent history. Randal Nardone continued to do business, trading with other companies that are still around during the recession. Through his hard work, the company managed to stay afloat, and the cooperation between the principals have made it possible for them to expand their network and post $65 billion worth of assets. According to Nardone, he feels optimistic about the company’s future. Recently, the Fortress Investment Group made a deal with the Softbank Group, a conglomerate based in Japan. The acquisition made the three principals retain their posts, while at the same time being given a new opportunity to grow further.

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GreenSky Credit Offering a Way to Improve the Quality of Life of Americans

This is a financial technology firm based in Atlanta, Georgia, with over 1.7 million satisfied customers. Established in 2006, the firm provides technology to merchants and banks to make GreenSky credit to clients for healthcare, home improvement, solar and other uses. State-chartered financial, federal -chartered financial and federally-insured provide financing for GreenSky credit programs. For four years starting from 2012, the GreenSky credit program had lent out almost $5 billion.

The firm is among the fastest growing lenders in the US, making it easier for clients to access bank loans through a paperless and quick process. By the year 2016, the firm had partnered with 14 banks which included SunTrust Bank and Regions Financial Corporation, who offered GreenSky credit to over 12,000 clients, ranging from individual contractors and retailers such as Home Depot, Inc. through GreenSky mobile app or online platform. Apart from marketing the loans to homeowners, these contractors pay the firm 6% of the amount borrowed. The 14 partner banks pay GreenSky 1% of the amount annually to service and generate them. GreenSky is among the few profitable modern-day middleman firms with minimal risks in existence.

About David Zalik

Even though Zalik had limited education when he was growing up, today he is among the extremely rich executive lot. He is the co-founder of GreenSky, LLC, which was previously known as GreenSky Trade Credit, LLC. Zalik serves as the chairperson of the board of directors, and also serves as the firm’s CEO since its inception in 2006. He is also the Chief Executive Officer and Chairman of Board of Directors of Outweb Inc., a company he helped to establish in 1999. David Zalik also co-founded other firms such as RockBridge Commercial Bank, Resource Institute and Phoenix, LLC.

Zalik previously served as a member of the board of Marcus Community Center, Hands on Atlanta and the Jewish Federation of Greater Atlanta. Zalik was also a Director of RockBridge Commercial Bank. For his effort in the business world, Zalik has won various awards such as the 2003 Catalyst Entrepreneur Of The Year Award, and 2000 Abe Schwartz Young Leadership Award. He was also a finalist for the 2016 EY Entrepreneur Of The Year Award in Financial Services.

 

https://www.dice.com/company/GreenSky+Credit/jobs

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