Michael Nierenberg has had several years of experience in the banking industry. Today he is still working at company that is based in New York, and in his career history he spent years helping other successful companies become what they are today. Let’s take a look at his story.
Michael Nierenberg is currently the Chairman, CEO and president of New Residential Investment Group. He previously worked at Fortress Investment Group as a Managing Director. He has served as the Managing Director of Global Mortgages and Securitized Products at Bank of America Merrill Lynch.
While he was there, he was responsible for division sales and trading activities. Michael Nierenberg came to the company in 2008 from JP Morgan. At JP Morgan he was head of Global Securitized Products. He was also a management committee member.
Before he worked at JP Morgan he held various senior leadership roles over his fourteen years working at Bear Sterns. He was the head of foreign exchange trade and interest rates. He was also the co-head of mortgage securities trading and structured products.
From 2006 to 2008 he was a member of Bear Sterns’s Board of Directors. Michael Nierenberg worked for Lehman Brothers for seven years before coming to Bear Sterns, and he was a big help to the growing the company’s adjustable rate mortgage services.
About New Residential Investment Group
In the summer of 2018 Michael Nierenberg and his board of directors held a second quarter earnings conference call regarding New Residential Investment Group. He mentioned that the company is doing very well. He says the company’s portfolio was great for the environment at the time and the company was slated to continue providing great value for all shareholders. The company’s capital is good and access to liquidity is strong, which means the company is in a great position to take advantage of any opportunities that it comes across.
For details: www.newresi.com/about