The rise of Peter Briger to Co-CEO.

Peter Briger is considered one of the most influential business leaders in the county. He has worked in the finance and investment industry since leaving university in 1986. He began his career at Goldman Sachs, where he was employed as an entry-level employee rising to the level of partner by the time he left. This rise was not by chance, but rather by design. He would work in various committees within the bank that were integral to his growth both as an investor and a financial expert. These committees would guide him into the Asian market, which at the time were experiencing rapid growth due to the rapidly expanding manufacturing base as well as real estate sector. This meant that Goldman Sachs was constantly innovating products geared towards that market and it would give Peter Briger an opportunity to lead them and as such gain more experience. The Japan special investment fund was one such initiative. The fund was specifically designed to cater to the Japanese market banking on emerging opportunities as well as established business that were ripe for investments or take over. While this was happening a group of three had come together and established the fortress investment group. The three had begun the asset management group with four hundred million dollars in assets and within the first five years had managed to grow the same into 3 billion dollars and were returning 39 percent on equity invested to shareholders. This rapid expansion by Fortress required new ideas to keep up and as such they decided to start a credit division within the group. This division needed an expert in credit financing and one who had previous experience managing a large enough organization. The position was a natural fit for Peter Briger who moved to Fortress in 2002. This move gave him an opportunity to build the division from scratch and model it in a way that would guarantee success. The credit division at Fortress is today considered one of the most successful and has done deals worth more than a hundred billion dollars. Peter Briger has in the meantime risen to become Co-CEO at Fortress. A Force of Innovation: Two Decades of Fortress Investment Group

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