Michael Nierenberg is a highly prolific businessman and a professional investor who has worked in many investment firms in the United States. He is remarkable in all the companies which he has served for the excellent work of helping the companies scaling to greater heights and increasing their productivity. Currently, he is the chief executive officer, chairman and the president of New Residential Investment Corp. Nierenberg is responsible for the growth and development aspect of the company.
New Residential Investment Corp is a real estate investment firm which mainly focuses on investing and managing primarily residential real estate and any investment related to it. It is a publicly traded corporation which runs under the management of Mr. Michael Nierenberg. He aims after driving returns whose risks are adjustable through for aspects: Investments in servicer advances, non-agency residential mortgage-backed securities, associated call rights, and excess mortgage servicing rights. The company delivers returns which are useful in driving the strengthening and growth of dividends to shareholders.
Before serving the company, Michael Nierenberg has been working as the managing director of Fortress Investment Company. Fortress’s affiliate serves as external advisors and managers of the New Residential Investment Corp. The highly professional business personnel have served many companies assuming various top positions. Some of the firms include the Bank of America Merrill Lynch where he was employed as the managing director of the bank and the head of global mortgages and securitized products. He started working with the company in the year 2008.
Nierenberg has also served as the head of global securitized products at JP Morgan Company. He was also a member of the board of directors of the investment firm. Before working with JP Morgan, Michael Nierenberg worked with Bear Stearns for more than ten years. He has worked as the head of interest rates and foreign exchange businesses, the co-head of structured products and the head of securitized mortgage-backed tradings. He was also a member of the board of directors of the investment firm.His work in all these companies was excellent and he deserves to be the CEO of New Residential Investment Corp.
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