Tag Archives: Financial Services

Home / Financial Services
2 Posts

Wes Edens is a businessman who once dreamed of managing his own financial company. He graduated from the Oregon State University, taking up a Bachelor of Science degree, with a major in Finance and Business Administration. Knowing that his career would revolve around the financial and business sector, he started looking for a job at the top financial institutions in the country. After sending his resume to dozens of companies across the United States, The Lehman Brothers started contacting him, offering him a job as a managing director. He accepted the offer and began his career in the financial sector back in the year 1987.

Wes Edens started to know more about how a financial and investment firm works, and he also learned a lot of techniques based on his observation. He memorized these techniques by heart, hoping that he could also use it someday. He worked with the Lehman Brothers for six years, before he decided to quit and looked for a new job. In 1993, he was hired by the BlackRock Assets Investors, and he was given the position as a managing director, the same job title that was given to him at the Lehman Brothers. He met Rob Kauffman and Randal Nardone when he was an employee at the BlackRock Assets Investors, and together, the three planned to establish their financial and investment firm.

Wes Edens resigned from the BlackRock Assets Investors, and he joined the other three in establishing their own business. They named their new company as the Fortress Investment Group, and it was launched in 1998. It was difficult for them to manage an investment firm at first because they would have to get the trust of their clients. The three founders never surrendered, and they managed to get their first set of clients who will be working with them to success. Wes Edens and his colleagues have a great insight on how to manage their clients’ assets, and because of their impressive work, their clients started to refer them to other people, and their client base grew. From managing a few million dollars, the company is now known to handle $65 billion worth of assets.Aside from managing the Fortress Investment Group, Wes Edens is also known for managing sports teams, like the Milwaukee Bucks that is playing for the NBA, and the FlyQuest team that is playing for the League of Legends, an online MMORPG game.

Wesley Robert Edens, chairman and Co-Founder of Fortress Investment Group, is an American billionaire investor who amassed good wealth that saw him join the top 1000 list of the world’s wealthiest people. In 2007, he appeared as the 297th in the Forbes’ list of top 400 wealthiest Americans. A year later, Wes was listed as the 962nd in the Forbes list of the world’s wealthiest people.Before joining the corporate world, Wes Edens pursued his studies at the Oregon State University and graduated with Bachelor’s Degree in Finance. Afterwards, he worked in numerous organizations, holding various influential positions.

Wes Edens became the CEO of his co-founded Group, Fortress Investment Limited in April 1998, a position he served in till July 2003. Currently, Wes holds various positions at Fortress. He has been the principal, Private Equity Chief Investment Officer, Head of the Private Equity, the President of Private Equity, and the Co-Chairman of Fortress from August 2017. From December the same year, he has also been serving as the firm’s co-Chief Executive Officer. While at Fortress, Wes Edens has been responsible for the publicly traded alternative investment and private equity business.

As an experienced employee and administrator, Wes Edens has considerably stretched his career achievements to other firms as well. He is currently the Newcastle Investment Holding LLC’s Chief Executive Officer and its Chairman of the Board of Directors. He is the Trustee, United States Ski and Snowboard Team Foundation. Wes became a member of Drive Shark Inc where he has been serving as the chairman since 2002. In 2008, he became the chairman of the Board of Directors of Florida East Coast Holdings Corp. He still holds that position to date. In 2010, Wes became the chairman of the Board of Directors, both for Springleaf Finance Corporate and Springleaf Finance, Inc.In the past years, Wes also served in other organizations at various capacities. From June 2002 to February 2007, he was Newcastle Investment Holdings’ CEO. He also served at Eurocastle Investment Limited as the Chief Executive Officer from October 2002 to April 2006.