Category: Lawyer

What Happens Next for Fortress Investment Group and CEO Randal Nardone With SoftBank as Parent Company

Since the sale of Fortress Investment Group to SoftBank Group Corporation, a Japanese investing manager firm, there are speculations of transitioning in leadership. As of the present, the current leaders including Co-founder and CEO Randal Nardone will remain on the team to pursue growth of its divisional operations. Japanese owner, Masayoshi Son has no intentions of replacing the founders, chairmen, and principles of Fortress and all its subsidiary entities. His mission to turn SoftBank into the largest investment firm worldwide by helping his companies expand in global markets of new technologies, such as IoT and artificial intelligence. Read more about Randal Nardone at Crunchbase.

Randal Nardone and two other partners found Fortress Investment Group in 1998, in NY as a global investment managing limited liability company. He continues to hold his positions as Chairman, Chief Executive Officer and Principle which he’s held going on 21 years. Under his direction, he oversees Fortress Portfolio of Investment Fund IV, Investment Fund V LP, Registered Investment Trusts and Credit Corporation. Nardone holds a variety of seats as director and board member for Springleaf Financial Holdings, Fortress Investment Group LLC, and Fortress Credit Corporation. He also serves as director for Florida East Coast Holdings, Springleaf REIT Incorporation, and RIC Co-investment fund LP.

Earlier in his profession, Randal Nardone worked a year for UBS as managing director before co-establishing Fortress Investment Group. He earned a bachelor’s degree in English and Biology and a J.D. from Boston University and the University of Connecticut. His works as a leader and managerial investment professional landed him on the Forbe’s List of World Billionaires in 2007. He ranked number 557 with $1.8 billion in net worth and ownership of 53 million shares valued over $1.5 billion.

The acquisition of Fortress Investment Group did exactly what Randal Nardone and his partners expected, to increase overall internationally expansion. While the firm primarily focuses in real estate, credit, assets, and private equity, SoftBank is introducing opportunities in the technology and communications sectors of investment. According to Business Newswire, the leaders successfully increased its management of assets to $41.4 billion by the June 2018, a year following the purchase of the firm.

Source: https://patch.com/new-york/new-york-city/force-innovation-two-decades-fortress-investment-group

 

Francisco Domenech In Brief

Francisco J. Domenech (born April 29, 1978 at San Juan, Puerto Rico) is a former manager of this Office of Legislative Services of Puerto Rico (2005–2008). Domenech spent a part of his youth, and teenage years, at Ocala, Florida, with attended Blessed Trinity Catholic School, and Forest High School

Domenech was a delegate to Democratic National Convention at 2004, 2008, 2012 and 2016. By virtue of this place he held for over five years at the Democratic National Committee, representing the Young Democrats of America (YDA), because of the Democratic National Committeeman, he had been a Super delegate into the 2008 and 2012 Conventions. Throughout the 2004 Convention, Domenech functioned among the whips for its Puerto Rico Delegation. Throughout the 2016 Puerto Rico Democratic primary campaign, Domenech had been Hillary Clinton’s top fundraiser from the U.S. land and attended his fourth successive Democratic National Convention, after being chosen as a Delegate representing his Bayamón Senatorial District

While practicing law in Age 27, Domenech contended on behalf of the Puerto Rico Senate prior to a comparatively rare en banc hearing of their United States Court of Appeals for the First Circuit in the Event of Igartúa De La Rosa v. United States of America. He’s also appeared before Puerto Rico’s Supreme Court, in Addition to its own Court of Appeals. Read this article at Caribbean Business to know more.

[citation had ]that the regional legislative equivalent of the United States Congress’ Congressional Research Service using a team of approximately 120 and a budget of $10 million. Throughout his tenure, he streamlined the team, enlarged the Office’s Tomás Bonilla Legislative Library, for example entry to the blind and the physically disabled, functioned a 100-intern Summer program three years in a row, also turned budget surpluses throughout four successive fiscal years.

In ancient 2013, the Puerto Rico Supreme Court at Domenech Fernández v. Integration Corporate Services, et al mastered in his favor in a situation arising out of a bankers’ dispute inside the company where he had formerly worked. From the Supreme Court’s Opinion, where the Court for its very first time contrasts Puerto Rico’s 2009 Firms Legislation, it ruled whenever irregularities or fraud are alleged in the preserving of a firm’s documents, as Francisco Domenech alleged, evidence lent to the corporate documents will be declared.

He maintains a bipartisan government affairs company in Puerto Rico,” Politank*, which hired Puerto Rico’s former Secretary of State along with Senate President Kenneth McClintock and Guillermo San Antonio-Acha, former Legal Counsel to the Governor throughout Governor Aníbal Acevedo Vilá’s government and who served in late 2014 until early 2017 since the Popular Democratic Party of Puerto Rico (PPD) Electoral Commissioner.

He’s managed two successful presidential campaigns over the Puerto Rico Physicians Association, that the statutorily-created company where the islands’ roughly 11,000 doctors mandatorily belong, to select in 2014 and reelect in 2016 that the organization’s current president, Dr. Víctor Ramos. The reelection of Ramos on April 10, 2016 led to the vast majority of 71.6 percent in a three dimensional race.

Mr. Domenech is a frequent commentator from Puerto Rico media like El Nuevo Día, El Vocero, Puerto Rico TV (Channel 6), Wapa America (Channel 4). Mr. Domenech can be often quoted in Puerto Rico’s main media outlets. Watch: https://www.youtube.com/watch?v=6EwMePZqTRQ

 

Francisco Domenech Uses His Background in Law and Politics to Lead Politank

Politank is a Puerto Rican-based consulting firm that provides businesses with legal and lobbying services. This firm facilitates linking their business clients with government agencies and helps them to navigate challenging public policy initiatives that impact their business. Politank has many Fortune 100 companies that have used the firm’s services to represent their interests in front of governmental agencies of the Commonwealth of Puerto Rico. The firm primarily focuses on representing their clients regarding legislative and regulatory policies. Visit crunchbase.com to learn more about Francisco.

Francisco Domenech is the Managing Partner of Politank. He is a lawyer with extensive political experience in Puerto Rico and on the U.S. mainland. As a college student at the University of Puerto Rico, Francisco studied political science and was President of the General Student Body Council, President of UPR’s College of Social Sciences Student Body, and an Academic Senator with the UPR Rio Piedras campus Academic Senate. He also attended UPR’s School of Law, where he twice competed in the Philip C. Jessup International Law Moot Court Competition.

As a lawyer Francisco Domenech has represented clients and appeared before the United States Court of Appeals for the First Circuit, Puerto Rico’s Court of Appeals, and Puerto Rico’s Supreme Court. Francisco was also a defendant in a case that reached Puerto Rico’s Supreme Court. The PRSC ruled in his favor in this case, which involved interpreting Puerto Rico’s 2009 Corporations Law.

Francisco is deeply involved in Puerto Rican politics that has spread to the U.S. mainland. His political activities include:

  • Being an active supporter of Puerto Rico becoming the 51st state of the U.S.
  • Being a former Democratic National Committeeman of the Young Democrats of America
  • Being a delegate to the Democratic National Convention in 2004, 2008, 2012, and 2016
  • Being a former President of the Puerto Rico Young Democrats
  • Leading voter registration drives for Puerto Ricans in Florida
  • Working on numerous political campaigns, including Hillary Clinton’s 2008 and 2016 presidential campaigns

Francisco Domenech and his firm Politank is heavily involved in philanthropy. They contribute and actively support organizations such as the Hispanic Heritage Foundation, the Congressional Hispanic Caucus Institute, and the Washington Center for Internships and Academic Seminars. Charitable giving and a commitment to minority communities and businesses is a part of their mission. Watch: https://www.youtube.com/watch?v=6EwMePZqTRQ