The banking industry has always been known for their networking and financial holdings. Banks have been the keeper of any and every financial transactions down through the years. Because this industry is ever changing banks have had to adapt to those changes. This also included reaching outside of fellow bank competitors and taking on partnerships with other financing companies. Companies such as marketing, software and financial investment firms. This compilation of great minds has helped the banking industry to withstand the test of time.
Although the Fortress Investment Group is an investment management firm that is not a part of the banking industry they have become a giant in the financial market. They have laid a substantial amount of groundwork that has helped them to become one of the leading investment firms in the country. So when SoftBank decided to the purchase Fortress Investment Group it was a wise business move. But due to their large accumulation of assets SoftBank had to agree to allow them to be able to continue to have full control of their assets, daily operations and location within the United States in the city of New York. In other words SoftBank may be the owner but the Fortress Investment Group is still running the show.
Although the backgrounds for both companies are from the opposite end of the spectrum the knowledge, experience and expertise has only helped to solidify the company overall. The Fortress Investment Group was started in New York City and had developed deep roots and ties within the financial market. They have not just made their mark in the financial industry but they were also the first privately held equity company in 2007 to be publicly traded. They remained a publicly traded company until the Softbank purchase. To know more about the company click here.
Even though Softbanks decision was questionable in the beginning with allowing the company to continue operating independently it did turn out to be an even better decision that expected. It allowed Softbank to have more structure and to become more institutionalized. The paring of the two companies has expanded their dealings, investments and financial gain. This gain was not just in the United States market but in markets overseas as well. Because of the branching out into the foreign markets Fortress Investment Group will no doubt begin to expand into areas that they were not able to do before. This will only continue to grow their company to become an even bigger conglomerate.
Their LinkedIn Profile: https://www.linkedin.com/company/fortress-investment-group