Daniel H. Mudd
Chief Executive Officer and Director
Mr. Mudd was appointed Chief Executive Officer of Fortress Investment Group LLC in August 2009; he has been a member of the board of directors since February 2007. Previously, Mr. Mudd served as President and Chief Executive Officer of Fannie Mae, the nation’s largest financer of home mortgages, where he was also a member of the board. Prior to being appointed CEO in June 2005, Mr. Mudd served as the Vice Chairman and Chief Operating Officer. Through the 1990’s, Mr. Mudd was a corporate officer and senior executive at General Electric. His assignments included President and Chief Executive Officer of GE Capital, Japan and President of GE Capital Asia-Pacific, as well as leadership positions in International Financing, European Fleet Services and corporate headquarters. Prior to his tenure at GE, Mr. Mudd held positions in management consulting and financial services with Xerox Corporation, Ayers Whitmore and Company, and the World Bank. Mr. Mudd holds a B.A. in History from the University of Virginia and was commissioned an officer in the US Marine Corps after graduation. He left the service to earn a Masters in Public Administration from the John F. Kennedy School at Harvard University. Mr. Mudd was awarded a Robert Bosch Fellowship during the reunification of Germany. Mr. Mudd serves on the board of Hampton University and has previously been a director of both corporate and not-for-profit institutions.
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Wesley R. Edens
Principal and Co-Chairman of the Board of Directors
Mr. Edens is a founding principal and Co-Chairman of Fortress Investment Group LLC. Previously Mr. Edens served as Chief Executive Officer of Fortress Investment Group from inception to August 2009. He has been a principal and the Chairman of the Management Committee of Fortress since co-founding the Company in May 1998. Mr. Edens has primary investment oversight of Fortress’s private equity and publicly traded alternative businesses. He began his career at Lehman Brothers, where he ran the mortgage trading area as a partner and managing director. He then joined BlackRock Financial Management to form his first private equity fund, BlackRock Asset Investors. He spent a year at UBS as managing director in the principal finance group, and then left in 1998 when he and two principals founded Fortress. Mr. Edens serves as Chairman of the Board of directors of each Aircastle Limited, Brookdale Senior Living Inc., Eurocastle Investment Limited, GateHouse Media, Inc., Mapeley Limited, Newcastle Investment Corp., RailAmerica, Inc. and Seacastle Inc. and a director of GAGFAH S.A. and Penn National Gaming Inc. Mr. Edens received a B.S. in Finance from Oregon State University.
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Peter L. Briger, Jr.
Principal and Co-Chairman of the Board of Directors
Mr. Briger is a principal and Co-Chairman of Fortress Investment Group LLC. Mr. Briger has been a principal and a member of the Management Committee of Fortress since March 2002. Mr. Briger is responsible for the hybrid/credit fund business which includes running the Drawbridge Special Opportunities Funds. Prior to joining Fortress, Mr. Briger spent 15 years at Goldman Sachs, where he became a partner in 1996. Over the course of his career at Goldman Sachs, he held the positions of co-head of the Whole Loan Sales and Trading business, co-head of the Fixed Income Principal Investments Group, co-head of the Asian Distressed Debt business, co-head of the Goldman Sachs Special Opportunities (Asia) Fund LLC and co-head of the Asian Real Estate Private Equity business. In addition, he was a member of the Goldman Sachs Global Control and Compliance Committee, a member of the Goldman Sachs Asian Management Committee and a member of the Goldman Sachs Japan Executive Committee. Mr. Briger received a B.A. from Princeton University and an M.B.A. from Wharton. Mr. Briger currently serves on the board of directors of the Princeton University Investment Company.
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Robert I. Kauffman
Principal and Director
Mr. Kauffman is a principal and a member of the board of directors of Fortress Investment Group LLC. Mr. Kauffman has been a principal and a member of the Management Committee of Fortress since co-founding the Company in 1998. Mr. Kauffman is responsible for the management of Fortress’s European private equity investment operations. Mr. Kauffman is the Chairman of the board of directors of GAGFAH S.A. and Alea Group Holdings (Bermuda) Ltd. Prior to joining Fortress, Mr. Kauffman was a managing director of UBS from May 1997 to May 1998, and prior to that, was a principal of BlackRock Financial Management Inc. Mr. Kauffman was with Lehman Brothers from 1986 to 1994 and served as an executive director of Lehman Brothers International in London beginning in 1992. Mr. Kauffman received a B.S. in Business Administration from Northeastern University.
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Randal A. Nardone
Principal and Director
Mr. Nardone is a principal and a member of the board of directors of Fortress Investment Group LLC. Mr. Nardone has been a principal and a member of the Management Committee of Fortress since co-founding the Company in 1998. Mr. Nardone is a member of the board of directors of Alea Group Holdings (Bermuda) Ltd, GAGFAH S.A. and Eurocastle Investment Limited. Mr. Nardone was previously a managing director of UBS from May 1997 to May 1998. Prior to joining UBS in 1997, Mr. Nardone was a principal of BlackRock Financial Management, Inc. Prior to joining BlackRock, Mr. Nardone was a partner and a member of the executive committee at the law firm of Thacher Proffitt & Wood. Mr. Nardone received a B.A. in English and Biology from the University of Connecticut and a J.D. from Boston University School of Law.
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Michael E. Novogratz
Principal and Director
Mr. Novogratz is a principal and a member of the board of directors of Fortress Investment Group LLC. Mr. Novogratz has been a principal and a member of the Management Committee of Fortress since March 2002. Mr. Novogratz is responsible for the liquid hedge fund business which includes running the Drawbridge Global Macro Funds. Prior to joining Fortress, Mr. Novogratz spent 11 years at Goldman Sachs, where he became a partner in 1998. Mr. Novogratz held the positions of president of Goldman Sachs Latin America and the head of Fixed Income, Currencies and Commodities Risk in Asia, where he lived from 1992 to 1999. Mr. Novogratz received a B.A. from Princeton University, and served as a helicopter pilot in the U.S. Army.
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Daniel N. Bass
Chief Financial Officer
Mr. Bass joined Fortress as Chief Financial Officer in November 2003. Prior to joining Fortress, Mr. Bass spent 11 years at Deutsche Bank. Over the course of his career at Deutsche Bank, he held the positions of managing director of DB Capital Partners and managing director, Global Business Area Controller of Deutsche Bank’s Corporate Investments Division. Prior to that, Mr. Bass was a Senior Associate in the International Tax Practice at Coopers & Lybrand. Mr. Bass received both a B.S. and a Masters in Accounting from Florida State University.
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Dr. Richard N. Haass
Director
Dr. Haass has been a member of Fortress Investment Group’s board of directors since February 2007. Dr. Haass is president of the Council on Foreign Relations, a position he has held since July 2003. Prior to his current position, Dr. Haass was director of policy planning for the U.S. Department of State, where he was a principal adviser to Secretary of State Colin Powell on a broad range of foreign policy concerns, and acted as U.S. coordinator for policy toward the future of Afghanistan and the lead U.S. government official in support of the Northern Ireland peace process. From 1989 to 1993, Dr. Haass was special assistant to President George Bush and senior director for Near East and South Asian affairs on the staff of the National Security Council. Previously, he served in various posts in the United States Departments of State and Defense. Dr. Haass has received the State Department’s Distinguished Honor Award and the Presidential Citizens Medal. Dr. Haass has been director of foreign policy studies at the Brookings Institution and taught at or been associated in various capacities with Hamilton College, the Carnegie Endowment for International Peace, Harvard University’s Kennedy School of Government and the International Institute for Strategic Studies. Dr. Haass holds a bachelor’s from Oberlin College and both a Master and Doctor of Philosophy degrees from Oxford University.
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Douglas L. Jacobs
Director
Mr. Jacobs has been a member of Fortress Investment Group’s board of directors since February 2007. Mr. Jacobs is a director of Doral Financial Corporation, a financial services company, where he is Chairman of the Risk Policy Committee and member of the Audit and Dividend Committees. From November 2004 to mid-2008, Mr. Jacobs was also a director of ACA Capital Holdings, Inc., a financial guaranty company, where he was Chairman of the Audit Committee and a member of the Compensation Committee and the Risk Management Committees. Mr. Jacobs was a director and Chairman of the Audit Committee for Global Signal Inc. from February 2004 until January 2007 when Global Signal was sold to Crown Castle International Corp. Mr. Jacobs has also been a director of Hanover Capital Mortgage Holdings, Inc from 2003 until 2007. From 1988 to 2003, Mr. Jacobs was an Executive Vice President and Treasurer at FleetBoston Financial Group, managing the company’s funding, securitization, capital, and asset and liability management activities in addition to its securities, derivatives, and mortgage loan portfolios. Prior to joining FleetBoston, Mr. Jacobs was active in a variety of positions at Citicorp over 17 years, culminating in his role as Division Executive of the Mortgage Finance Group. Mr. Jacobs holds a B.A. from Amherst College and an M.B.A. from Wharton.
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Howard Rubin
Director
Mr. Rubin has been a member of Fortress Investment Group’s board of directors since February 2007. Mr. Rubin currently serves as a Portfolio Manager at Soros Fund Management, LLC. Mr. Rubin is a director of Deerfield Triarc Capital Corp. (member of Audit Committee). In addition, he previously served as a director of Global Signal, GateHouse Media, Inc. (member of Audit Committee) and Capstead Mortgage Corporation (head of the Audit Committee). He has over twenty years of experience trading mortgage-backed securities. From 1987 until 1999, Mr. Rubin was a Senior Managing Director at Bear Stearns, where he ran the Collateralized Mortgage Obligations desk. Mr. Rubin received a Masters of Business Administration from Harvard Business School and a B.S.E. in Chemical Engineering from Lafayette College.
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Takumi Shibata
Director
Mr. Shibata has been a member of Fortress Investment Group’s board of directors since February 2007. Mr. Shibata is Deputy President and Chief Operating Officer of Nomura Holdings, Inc. and sits on Nomura's Executive Board. Prior to his current position, Mr. Shibata headed a variety of businesses at Nomura, including: global asset
management, during 2005 and 2009, global support functions, during 2004 and 2005, global wholesale business, during 2003 and 2004, global investment banking operations, during 2002 and 2003, and European business from 1997 through 2002. Mr. Shibata sits on the Japanese Government’s Business Accounting Council. Mr. Shibata has been Chairman of the Self Regulation Planning Committee of the Japan Securities Dealers Association, a Board Member of the International Primary Market Association (London), and a Board Member of the Securities Institute (London). Mr. Shibata holds a B.A. in economics from Keio University and an MBA from Harvard Business School.
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George W. Wellde Jr.
Director
Mr. Wellde has been a member of Fortress Investment Group’s board of directors since August 2009. Mr. Wellde served as vice chairman of the Securities Division at Goldman, Sachs & Co. from 2005 until his retirement in 2008. Prior to that, Mr. Wellde was head of North America Sales for the Fixed Income, Currency and Commodities division. Mr. Wellde joined Goldman Sachs in 1979, became a partner in 1992 and a managing director in 1996. In addition, he was branch manager of the Goldman Sachs Tokyo office and head of its Fixed Income Division from 1994 to 1999. Prior to joining Goldman Sachs, Mr. Wellde worked for the Federal Reserve Board of Governors in Washington from 1976 to 1979. Mr. Wellde joined the University of Richmond’s Board of Trustees in 2000 and has served as its chairman since 2006. Mr. Wellde also serves on the board of advisors of George Washington University in Washington, D.C. and is a senior advisor to its Investment Committee. Additionally, he is a member of the executive committee of the GAVI Alliance and serves as the chairman of the Investment Committee. Mr. Wellde holds a B.S. from the University of Richmond and an M.B.A. from George Washington University.
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