Chris Holden

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Mike Nierenberg’s career

by Chris Holden - March 16th, 2019.
Filed under: Business, Investor. Tagged as: .

Mike Nierenberg is 56 years old, and he is the managing director of Fortress. Mike has been chairman of the board at New Residential Investment since May 2016 and a Board of Directors member since November 2013. Mike was also named the CEO and President of New Residential Investment November the same year. Mike Nierenberg was also the managing director of Global Mortgages and Securitized Products at Bank of America Merrill Lynch, and his primary role is sales and all trading activities before he became the CEO of New Residential Investment. Mike went to Bank of America Merrill Lynch in November 2008 after he left JP Morgan.

Before Mike left JP Morgan, he had several senior positions during the years he worked at Bear Stearns; Mike was also the head of structured products mortgage security back up, he was also the head of exchange and interest rates. Mike Nierenberg was a Board of Directors member at Bear Stearn’s from 2006 to 2008. Mike Nierenberg worked for seven years at Lehman Brothers before he joined Bear Stearns. At Lehman Brothers, Mike helped grow the company in the rate of the mortgage business. Due to his experience, Mike got appointed as the director by members of the board of Bear Stearns. As of June 2018, Mike Nierenberg’s net worth was estimated to be $43.8 million.

Mike has been the president of New Residential Investment from 2016 to date. New Residential Investment has five older and two younger executives with the oldest being 70 years and the president of directors. Mike owns over 1.7 million units of New Residential Investment worth over $43.8 million. Since 2016, Mike has made over three trades of New Residential Investment. The largest trade Mike has made so far was in June 2018 where he exercised $1.7 units of New Residential Investment worth $25 million.

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