Finance Advisor

Fortress Investment Group Now Under New Management

Fortress Investment Group is a renowned investment group which has a global presence in many investment niches. According to a recently released report, the company features an asset base of over 3.6 billion dollars. The business model used by Fortress gives the company some mileage over its competitors in every venture. For example, the company has won over 1750 organization trusts and now it is managing their assets.Additionally, the firm can manage properties for individuals and private clients. The company ventures in a wide range of investment sectors. These segments include private equity, real estate, and credit.

The Acquisition of Fortress Investment Group by Softbank

SoftBank Group announced that it has finally completed the acquisition of the incredible Fortress Group as they had planned. The financial company has been able to pay 3.3 billion dollars for its new outlet. It is now official that SoftBank now owns Fortress shares.SoftBank Group stated that they had fulfilled all the required statutory elements for the accomplished acquisition. The management also added that the Fortress shareholders have so far approved the ownership changes. However, the fortress is expected to operate as an independent company but under SoftBank Group umbrella.

Winter Olympic 2010

That followed their demands regarding payments from the owed Canadian authorities to be paid before anything could proceed. That made the company appears in headlines for some time before the games started. Many Canada residents were shocked by how the American company would be involved in Canadian events such that it threated to halt the progress of the games.However, the fact is that Fortress Investment Group was the company that owned the British Columbia Ski resort which was to be used by the Olympic organizers for all the Alpine events that year. Fortress Group stated that the authorities for the games were supposed to pay 90 million dollars; failure to the company would stop the games and sue the organizers.

 The Plan by Fortress

Fortress Investment Group said that the authorities at Ottawa had agreed to settle the debt before the commencement of the games something that they failed to do. The saga also features Whistler Blackcomb resort which is run by Intrawest. The company owes Fortress since Fortress bailed out. The total amount that Intrawest should pay to Fortress is 500 million dollars.

Michael Burwell’s New Appointment At Willis Towers Watson

Michael Burwell is a professional accounting professional. The accounting expert will now work as a Chief Financial Officer for Willis Towers Watson. This post had previously been held by Roger Millay who is now retiring.

 

The company which deals with insurance and reinsurance broking specialists stated that it was elated with the decision of having Michel Burwell in their team. John Haley who is the company’s Chief Executive Officer expressed his confidence in Mr. Burwell’s being qualified for the job, due to his expertise on a number of issues including; transactions, finance, and transformations. He stated that Michael Burwell is great at driving results, has excellent management skills and will be a great asset in generating long-term growth of the company.

 

Willis Towers Watson is a global company that has over 40,000 personnel working in 140 countries. The advisory broking and solutions company that is based in London offers solutions to institutions and people with a desire to cultivate talent, optimize benefits and manage risk in a bid to improve business performance.

 

ABOUT MICHAEL BURWELL:

Michael Burwell has 31 years’ experience in handling professional services and finance. He gained his experience working with PricewaterhouseCoopers (PwC) where he held several positions which include; heading the Global Transformation department, CFO and Chief Operating Officer among other senior positions. Michael Burwell has also worked for 12 years in the transaction service advisory and 11 years in audit, valuation, and pre-merger. Michael Burwell expressed his gratitude for being selected for the position. While stating his desire to contribute to making the company a success, Michael Burwell stated that he admired the power of direction and leadership in the company, its dedication to customers and the collaborative culture.

 

Michael Burwell began his career in PwC by working in Detroit handling transaction services. Following his tremendous success and transformational leadership, Mr. Burwell was selected to oversee the PwC central region and became the US transaction services Leader. In 2012, Global and U.S Transformation appointed Michael Burwell to another role. Mr. Burwell then played an integral role in optimizing organizational effectiveness in managing internal function such as; finance and global strategic sourcing. Find More Information Here.

 

The excellent financial expert studied for a Business Administration Bachelor’s degree at the Michigan State University in 1986 and he graduated. The Chief Financial Officer was rightfully named alumnus of 2010 by the Michigan State University during that year. Michael Burwell is also a Certified Public Accountant.

 

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