Role of Michael Nierenberg at New Residential Investment Corp

Michael Nierenberg is a well-known business professional in the United States. He has a holder of bachelor’s degree in business administration and has worked with investment companies in the country which are of high profile. He is dedicated to delivering quality and professional services, and that is what makes him be a highly prolific person in the business sector. Michael is now the Chief Executive Officer of the New Residential Investment Corp which is an in=vestment company based in the USA, and it deals with investing in Real Estates.

Michael was named the CEO of the company in 2016, and he doubles as the Presidents. He is also the chairperson of the board of directors and the one responsible for the growth and development of the fir. Michael works in conjunction with the logistics team to ensure the prosperity of the company.

As an entrepreneur, Michael Nierenberg has a partnership with the company, and he is recognized as a millionaire by Forbes with his net worth being $ 16.5 million. He owns 60 000 units of the New Residential Investment Corp. The highly experienced businessman sells more than 360 000 units in every 129 days as he struggles to leverage the productivity of the firm.

Before New Residential, Michael used to work as the Head of Securitized products at Bank of America Merrill Lynch as well as at JP Morgan. He has also worked at Bear Stearns and Fortress Capital where he still works as the Managing Director.

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