Michael Nierenberg is currently President, CEO, and Chairman of the Board of the New Residential Investment Corp. He took on the role of CEO and President in November of 2013, and in May of 2016, he began his tenure as the leader of the Board of Directors. At New Residential Investment Corp., a publicly traded real estate investment trust, Nierenberg leads his team in finding profitable investments in the residential real estate market. His company invests and actively manages a diverse group of properties, with the aim to generate long-term cash flows for shareholders. Some of the areas in which they concentrate are residential mortgage backed securities, servicer advances, and mortgage servicing rights.
Michael Nierenberg is also a Managing Director at Fortress Investment Group. This group helps manage and advise New Residential Investment Corp.
Previously, Michael Nierenberg worked at Bank of America Merrill Lynch. In the role of Managing Director and Head of Global Mortgages and Securitized Products, he oversaw all sales and trading in his division. Before this position, has the head of Global Securitized Products at JP Morgan. There, he was also a member of the management committee.
Early in his career, he worked at Lehman Brothers and Bear Stearns. At Lehman Brothers, where he stayed for seven years, he had a pivotal role in building their adjustable rate mortgage business. In this position, he was able to take advantage of the volatility in the market and was responsible for generating significant growth in this area. At Bear Stearns, he was the head of interest rate and foreign exchange trading operations, a member of the Board of Directors, and the co-head of mortgage-backed securities trading and structured products. Michael Nierenberg worked at Bear Stearns for a total of 14 years, serving on the Board from 2006 to 2008.
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