Michael Nierenberg is one of the most established individuals in the game of investment management. He has been in the business for decades now and he is long way from slowing down. Through the years, he has worked for a lot of different companies and a lot of them are big players in the industry. Before his appointment as the newest Chairman, Chief Executive Officer and President of New Residential Investment Corp., he has worked for these following companies:
5. Lehman Brothers (7 years) – Employee, focused on adjustable rate mortgage sector
6. Bear Stearns (14 years) Held Various Senior Leadership Positions, Head of Interest Rate & Foreign Exchange Trading Operations, Co-Head of Mortgage Backed Securities Trading, Co-Head of Structured Products, Member of Board of Directors (2006 to 2008)
7. JP Morgan – Head of Globalized Securitized Products, Management Committee of the Investment Sector
8. Bank of America Merrill Lynch – Head of Global Mortgages and Securitized Products.
With all these extensive experience, knowledge, and expertise under his belt, Michael Nierenberg is the most obvious choice to be the Director of New Residential Investment Corp. Since his appointment, there was nothing but improvements in the system and performance of New Residential Investment Corp. This is nothing short of the expectations from Mike Nierenberg because he is known to be an innovator and is known for his very creative solutions. His skill, expertise and knowledge that accumulated over the years is best utilized in New Residential Investment Corp.
Michael Nierenberg currently has five older executives and three younger executives working under him at New Residential Investment Corp., this includes Douglas Jacobs; 70 years of age and is a Independent Director.
Michael Nierenberg holds causes near and dear to his heart and makes sure he uses his platform to help other people as well. He is also the long time chairman of the Samuel Waxman Cancer Research Foundation ever since 1996.
Michael Nierenberg is now 55 years old with a net worth of $16.5 million dollars as of this February 2019. Michael Nierenberg owns 60,000 units of New Residential Investment Corp. with a valuation of $16,542,750. This includes the most recent stock he bought in New Residential Investment Corp. worth $990,000.
For details: www.reuters.com/finance/stocks/company-officers/NRZ