Fortress Investment Group Was Bought By SoftBank – But Why?

Without investments, the value of people’s earnings would consistently drop over the years due to inflation. They’d also have to worry about where to reliably store their money – savings accounts would collectively be filled to the proverbial brim. Thankfully, we do have investments, another name for vehicles that store money and are used to generate more money for their owners.

Most people choose conservative investments that carry low risk and reasonable returns. These returns beat out inflation by a few points, though they’re highly unlikely to earn their owners any substantial amounts of money. However, a small portion of investors – both business- and personal-use investors – turn to alternative asset management companies to generate higher returns on their investments, though they often tote along larger risks than their safer, more boring counterparts.

Fortress Investment Group is an alternative asset management firm based in New York City that helps roughly 2,000 individuals and businesses earn extraordinarily high returns without having to invest in instruments that aren’t likely to yield anything of value – take junk bonds, for example. The company was created in 1998 by a trio of business partners: Wesley “Wes” Edens, Robert “Rob” Kauffman, and Randal “Randy” Nardone.

Fortress Investment Group currently has about $40 billion of assets under management that its 1,800-odd investors trust with the firm. Just last year – in July 2017 – Fortress Investment Group was bought out by an international business conglomerate that doesn’t often invest in opportunities outside of technology and the World Wide Web.

SoftBank Group Corporation bought out Fortress Investment Group for this simple reason

SoftBank of Japan gave $3.3 billion to the owners of Fortress in July 2017. SoftBank forked over roughly 40 percentage points’ worth of premium on its share prices at the time, effectively paying shareholders roughly $8 per share due to the transfer of ownership.

Here’s why SoftBank bought Fortress Investment Group – because it showed promise, for one, and the two companies agreed that Fortress would be run independently of SoftBank, a move that cut the number of employees who would have to work on nothing but the management of Fortress to zero.

Western Union Customers Can Now Send Money To PSI Pay

Western Union has been integrated into the PSI Pay system, and they have become partners in the major eco-wallet revolution that has happened in Europe. There are many people in Europe who are changing over to systems like PSI Pay because they want to be free of traditional banks, traditional bank fees, and all the restrictions that banks want to put on their customers. Read more about how much more helpful these accounts can be now that they work with Western Union.

 

  1. The Original Courier

Western Union was one of the original couriers, and they have been a standard for sending money for ages. Their money order is still among the most popular financial products in the world, and they have an electronic system that now works with eco-wallet companies such as PSI Pay. The purpose of working with PSI Pay is to keep the customers who want to send money more easily.

 

  1. Direct Deposits

Direct deposits are made from the Western Union computer system to a company like PSI-Pay, and the company can immediately credit their customer’s account. This is a much faster way of sending money across borders, and the companies are hoping that they can be just as powerful as traditional banks in a few years. Their customers are changing over because it is easier to make payments, and they can keep large balances with no worry.

 

  1. How Does PSI Pay Work?

PSI-Pay works in an app where any customers can deposit or debit their own money. They can use a prepaid card, and they can check their balance on an app. This is a simpler way for someone to watch their money, and they only need the card and their phone to make payments. The cards are advanced, and the app is completely secure. This is a new way to bank that avoids all the troubles with big banks.

 

  1. Conclusion

The PSI Pay difference is in how easy it is to use. The company has built a system that allows people to make payments with their prepaid card or to use the eco-wallet app to manage their money.

 

 

https://www.linkedin.com/company/psi-pay-ltd

Michael Burwell Finance Experience

Michael Burwell is the newest member of the board at Willis Towers Watson. Burwell’s new position will allow him to serve as the Chief Financial Officer at the advisory. Willis Towers Watson is an advisory solutions company. As Burwell joins the team, they are glad because he has the experience and skill to make sure that the company is on the right path financially. Burwell has worked in finance for 31 years. Michael Burwell has skills in various professional roles that will allow him to serve adequately. He will be able to communicate and do business with other institutions in a professional way.

 

Before joining the Willis Towers Watson team, Michael Burwell developed skills and knowledge at other institutions serving in their finance department. Burwell served are other companies in high positions such as Chief Financial and Chief Operating Officer. Although he is at a new company now, he has served in the position of Chief Financial Officer at other companies. In addition to his work in various companies, he is a CPA. He has knowledge and education to help run companies.

 

Michael Burwell received his Bachelors of Arts in Business Administration degree from the University of Michigan. He has used his business degree to help expand and develop every company that he has had the opportunity to be a part of over the years. Michael Burwell has been able to work in various capacities because he is always learning something new to make sure that nothing is slipping past him.

 

He takes the time to make sure that he is up to date or at least has an understanding of the new technology and information that is steadily being made available. The tools that are available now can help companies grow if the data is utilized. He makes sure that he uses the information that is made available. Using the information and systems that are being made available allows for Burwell to do his job more efficiently and beneficially rather than staying behind and continuing to do things the old way. He realizes that he needs technology to make progress in his field. Read This Article for additional information.

 

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Peter Briger The Pillar of Strength of Fortress Investment Group

Investing in the right investing tool in today’s date can be tricky as it is not easy to pick the right investment vehicle for long-term growth. The number of options available in the market is too many, and it can be difficult to comprehend on what to invest. The problem about on what to invest is not only with the individuals but also with the organizations. The organizations, with millions in revenue and different asset classes to manage, find it hard to figure on what to invest and what to avoid. Making generous profit is always the primary aim, but it is also essential to minimize risk in doing so. In order to ensure that the risk-adjusted investment is made and monitored for performance, most of the organizations hire investment management firm. One of the investment management firms that have been doing considerably well even in the competitive financial market is Fortress Investment Group.

Fortress Investment Group was established in the year 1998 as a private equity firm by the managing directors of USB, Randal Nardone and Rob Kauffmann and former partner at the famous Blackrock Financial Management, Wesley Edens. The current Principal and Co-Chairman of Board of Directors at the company is Peter Briger. The collective experience of these top management and investment experts helped Fortress Investment Group to climb the ladder of success in the financial world pretty quickly. Not only did Fortress Investment Group managed to find some of the biggest clients in the financial world, but also ensured that the clients of the company get the results they are looking for. The exemplary performance of the products offered by Fortress Investment Group continued to attract more clients, and it helped in the revenue generation of the company.

Peter Briger is an alumnus of the prestigious Princeton University. He also holds an MBA certificate from the University of Pennsylvania’s Wharton School of Business. Before joining Fortress Investment Group, he was a partner at Goldman Sachs where he was responsible for its operations in different business areas. He has worked for a few other top financial companies for years, and it is this experience that has helped him secure a place in Fortress Investment Group. He is also involved in a lot of great philanthropic work that benefits the society. He is part of the council of the Global Fund for Children. Apart from that, he holds a position in the Council on Foreign Relations that help promote a better understanding of foreign policies in ordinary people.

Wes Edens Shapes the Industry of Investment Management

Countless people would want to put their monetary resources in the right investment dockets in order to earn tremendous financial returns like stock dividends and additional growth to their investments. Nonetheless, a conventional person does not grasp the intricacies of delving into various investment dockets. Therefore, they turn to an individual who can provide professional assistance in making the right investment decisions.

Background Data

An astute investment manager will be aware of the financial forecasts, strategies, current investment trends, trading ideas and the philosophy of money management. Coupled with providing the investor with the opportunity to solely decide the type of investment they need, an expert in investment management will give you the peace of mind necessary to make the right decision. Such are the traits of one Wes Edens, a co-founder of the prominent Fortress Investment Group.

Leadership Roles

Wes Edens is one of America’s best investment managers, an entrepreneur, business professional and the owner of a renowned sports team. Popularly known for co-founding Fortress Investment Group, Mr Edens is also the co-owner of a national basketball association called the Milwaukee Bucks. Moreover, he is the owner of the League of Legends of FlyQuest.

Education

As for education, Mr Edens attended the Oregon State University and earned a degree in finance and business administration.

Early Life and Career

Wes Edens first practised at the famous Lehman Brothers. Being a financial services firm, Edens was working within his line of expertise. That is why he managed to serve as a partner and a managing director up until 1993 when he quit joining BlackRock Asset as a managing director. Having worked until 1997, Wes Edens left to explore other career ventures.

Fortress Investment Group

In 1998, Wes Edens decided to work with four like-minded individuals in a project that would later shape their career. He met Peter Briger, Robert Kauffman, Michael Edward and Randy Nardone. As a team, they decided to form a company that would specialize in providing financial services to its clients. At that moment, Fortress Investment Group was born. Edens maintained a leadership position in which he served diligently. He has since earned recognition from the likes of the Wall Street Journal which described him as a creative investment manager whose investment style is based on a knack for building revolutionary businesses.

The First Public Buyout

As a business leader, Wes Edens ensured that Fortress Investment Group was among the principal investment management firms in America. Even so, in 2007, the partners agreed to a buyout. Therefore, as one of the co-principals, Wes Edens was trusted to lead the company through a public buyout. Consequently, Fortress Investment Group sold out 8% of its shares at $600 million. That moment marked the beginning of Fortress Investment Group’s buyout journey.

Softbank Acquires Fortress Investment Group

Under the leadership of Wes Edens, Fortress Investment Group attracted many investors including Softbank Group Corp which recently announced the completion of the acquisition deal. Apparently, the company is acquiring Fortress Investment Group because of its ability to help manage Softbank’s transformation strategy. Even with the acquisition, Wes Edens maintains his position as a co-principal. This is solely based on his skill- set and financial expertise.

Michael Burwell: Contributing To The Success Of The Willis Towers Watson

Burwell is a CPA and a Michigan State University alumnus, who graduated with a B.A. in Business Administration. He also believes in longevity and applying maximum effort towards any role that he is tasked with.

 

Willis Towers Watson is one of the leading financial institutions on the planet. The company was established in 1828, serving business people and entrepreneurs for 200 years. The company is known for hiring only the best individuals who have the skills and expertise in contributing to the growth of the company. Recently, they appointed Michael Burwell to serve as the newest CFO, or chief financial officer, as their previous CFO decided to retire back in October 2017. As the newly appointed CFO, the company expects that Michael Burwell will be doing his best to manage and oversee the financial department of the Willis Towers Watson.

 

 

Michael Burwell worked with the financial sector for more than thirty years. Before he was chosen as the CFO for the Willis Towers Watson, he worked with other financial companies located across the United States. Some of these companies are only small-time players, but he exerted his effort to transform them overnight to become successful firms. He is known in the financial industry because of his talent in making these businesses successful, and many companies have been inviting him to become a part of their organization.

 

 

Michael Burwell wanted to work with Willis Towers Watson, and it is one of the reasons why he keeps on ignoring some invitations being sent to him. His appointment to the position as the CFO of the Willis Towers Watson is a dream come true for Michael Burwell because he would now be working as one of the executives for the company. Michael Burwell has been managing a plan inside his head on what kind of approach he would have to deliver to become a respectable member of the company. He knew that handling the financial department of a business is one of the toughest jobs on the planet, but he will be doing his best to address any issues with the department and continue becoming an influential individual inside the Willis Towers Watson. Get Additional Information Here.

 

 

The CEO of Willis Towers Watson expressed his delight knowing that Michael Burwell will be working with them soon. He knows that he would be able to handle the financial department of the company, and he believes in his skills and knowledge. In the present, more than 40,000 individuals are working for Willis Towers Watson, and the company has operations in more than 140 countries. It seems to be a challenge for Michael Burwell to keep the company’s finances intact, but only time will tell how he will handle the gargantuan role given to him.

 

More on: https://www.reuters.com/article/brief-willis-towers-watson-appoints-mich/brief-willis-towers-watson-appoints-michael-burwell-as-cfo-idUSASB0BGK5

 

Michael Burwell Helps To Expand The Willis Towers Watson Greatness

Willis Towers Watson is continually expanding globally in the field of risk management and investing, actuarial solutions, insurance brokerage services, advisory consultations, human resource capital and varied multi financial services. The firm’s exponential growth is also contributed to the personnel that they hire to manage and oversee their products and services. A recent addition (October 2017) to the exemplary management staff is Mr. Michael Burwell who was promoted to Chief Financial Officer.

Mr. Burwell, however is not unfamiliar with the operations of Willis Towers Watson. He has worked at this global financial firm since 2012. He ran the departments of technology ventures, global business sourcing, human capital solutions, and other types of fiscal interests. Mike was also a partner in the Willis Towers Watson’s national and international client service division. With managerial leaders like Mike Burwell and John Haley, the Director and Chief Executive Officer, the Willis Towers Watson firm continues to reign supreme since its origins in 1828.

Mike Burwell brings a tantamount of financial career experience to Willis Towers Watson because of his earlier career with the distinguished Pricewaterhouse Coopers LLP. Mr. Burwell quickly climbed the ladder of success within Pricewaterhouse Coopers. He became a partner in the firm’s Detroit Transaction Service Practices department, as he advised companies with their valuation status on mergers and acquisitions.

Michael also achieved top managerial status at Pricewaterhouse Coopers in his 31 years of professional auditing and financial services. He became Pricewaterhouse Coopers Chief Operating Office and the Chief Financial Officer, all within a short period of time. Mike Burwell graduated from Michigan State University, having obtained a Bachelor of Arts degree in Business Administration. Mike further his financial career with a CPA certification. Later in Mike’s career, Michigan State University awarded him with a 2010 Alumnus of the Year award. See This Page for related information.

Today, Willis Towers Watson is recognized as a friend to their clients, in creating successful portfolios, producing well-defined analytical solutions, advising on IT software finance programs, and many other types of business plans of all sizes. Willis Towers Watson is expanding globally with offices in more than 40 countries. Willis Towers Watson has the insight into assets, financial solutions, talent, and the ability to protect and strengthen the capital of individuals and businesses to help them obtain their fullest endownments.

 

Related: https://www.reuters.com/article/brief-willis-towers-watson-appoints-mich/brief-willis-towers-watson-appoints-michael-burwell-as-cfo-idUSASB0BGK5

Greg Secker, a Genius in Forex Trading

As an awareness creating ambassador, Greg has dedicated himself to helping people realize various ways to make money through charity. Greg is a famous forex trading expert though he studied agriculture and food sciences at the University of Nottingham. At the university, Greg was engaged in building computers where he learnt coding programs and went one ahead to become a geek building a 3D interactive model for a follicle.

It was when attending a job fair at Thomas Cook Financial Services that he talked to a person who was highly interested in computers. They connected and he was interviewed and ended up getting the job. With continued friendship and good work relations, Greg was invited to in working with currency trading where they built the Virtual Trading Desk.

When working with the Virtual Trading Desk, Greg was involved in coding traders’ strategies, a fact that aroused his interest in foreign exchange trading. Since he was involved in coding all the functions, he got acquainted will with the workings of forex trading noting all the profits that they make.

Greg Secker shares his passion and knowledge through talking in seminars and congresses on how people can make money. Greg used his experiences in establishing the Greg Secker Foundation, a non-profit organization that seeks to empower the youth with valuable life skills. His foundation focusses on a wide range of efforts such as family and relationships, entrepreneurship, wealth, health, and leadership preparing young people for a smooth future to avoid the mid-life crisis. Greg Secker has a heart for the Filipino people where he wants to help them realize and be confident about their abilities and skills in making immediate income. This is through the Youth Leadership Summit which has been rolled up in South Africa and Australia.

Greg is a board member of Ambassadors for City Philanthropy where he seeks to advocate for the incorporation of philanthropy into business models. He has published books such as ‘Financial Freedom through Forex’ and ‘Everything You Ever Wanted to Know about Success’. Greg was an integral part of the founding of Learn To Trade and FX Capital.