Michael Nierenberg is a Managing Director at Fortress. He also serves as Chairman of the Board, President, and Chief Executive Officer of New Residential Investment Corp. as of November 2013. Prior to his time at New Residential Investment Corp., Michael Nierenberg was Managing Director of global mortgages at Bank of America Merrill Lynch and was also head of global securitized products at JP Morgan before his time at Bank of America Merrill Lynch. These are only a few leadership roles that Michael Nierenberg has held throughout his career.

The Leader of New Residential Investment Corp.

With corporate headquarters in New York, New Residential Investment Corp. is a company that specializes in public real estate investment. Specifically, it focuses on investing in residential housing and residential mortgage-backed securities. As previously mentioned, Michael Nierenberg leads New Residential Investment Corp. With his extensive experience and background, Mr. Nierenberg also worked at Bear Stearns for 14 years. While there, during the span of two years he became a member of Bear Stearns’s Board of Directors. Prior to his leadership role at Bear Stearns, Mr. Nierenberg worked for 7 years at Lehman Brothers. His experience spans over 12 years of expertise in the world of finance.

About New Residential Investment Corp.

As previously mentioned, New Residential Investment Corp. specializes in the residential housing division. New Residential Investment Corp was a subsidiary of Newcastle Investment Corp. In 2013, New Residential Investment became its own publicly-traded entity. Their goal is to “drive strong risk-adjusted returns primarily through investments …” Because of their collective experience in the finance sector, the leadership at New Residential Investment Corp. allows their expertise to yield “attractive returns”. Some of their strategies include generating stable long term cash flows and “to generate returns throughout different interest rate environments.”

To learn more about New Residential Investment Corp., please click here.

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