The success of New Residential Investment Corporation cannot be placed at the door of a single business leader, but few have played such a leading role as President and CEO, Michael Nierenberg. Over two decades of investment experience continue to serve the former Merrill Lynch and JP Morgan Chase investor well as he has seen his work with New Residential praised by many on the markets. Working with New Residential since 2013, Mr. Nierenberg has led the company to a huge period of growth based on his own knowledge and skills within the residential real estate sector.
Michael Nierenberg has been one of the world’s leading financial specialists for more than two decades after beginning his career with the Lehman Brothers brand working to develop residential mortgage sector. The work completed by Nierenberg for seven years at Lehman Brothers attracted the attention of the respected Bear Stearns investment company which has been at the top of the New York markets for many decades. Michael Nierenberg would spend much of his twelve years at Bear Stearns as the head of the interest rate and foreign exchange trading departments. Providing an experience for his latest role in the residential real estate markets, Bear Stearns appointed Michael Nierenberg as the leader of the mortgage-backed securities trading desk.
The desire to better his position and create new and exciting financial opportunities for investors led Michael Nierenberg to work at JP Morgan Chase and later the Bank of America Merrill Lynch. Nierenberg extended his abilities as a business leader at Merrill Lynch when he took up a series of roles at the very top of the Wall Street markets. As the head of the Global Mortgages department, Nierenberg created a great deal of experience in the residential real estate markets before bringing these skills to his roles with New Residential Investment Corp.
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