Michael Nierenberg is the current manager of Fortress and at the same time, he is the Managing Director and head of Global Mortgages. He is also the personnel in charge of sales and trading activities and also security products at Bank of America which is in Merrill Lynch. In the year 2008, he moved from JP Morgan to Bank of America Merrill Lynch in the month of November. It is this period that he achieved the position of being a member of the management committee at the investment bank and at the same time became in charge of Global security products.
Moreover, we also find that when he started working with JP Morgan, he also held several leadership positions for a period of fourteen years. For instance, while at Bear Stearns, he was put in charge of foreign exchange trading operations, head of interest, assist head of structured products and also deputized the personnel in charge of mortgage securities trading.
He was also appointed among the Board of Directors of Bear Stearns between the years 2006 to 2008. It has also been highlighted that he served at Lehman Brothers for seven years before he joined Bear Stearns and he played a key role in building adjustable rate mortgage business for Lehman Brothers.
Michael Nierenberg has been involved in the company’s stock. Top managers in any given company are normally well versed with the stock exchange of their business and investors mostly check whether the business top rank officers can be able to invest in it. Experts say that the only reason one would risk their cash to buy stock from their company in the current open market is when they are sure of a good return. They do this by projecting on the upcoming market trends or maybe their goods have been undervalued in the stock listing. The Chief Executive Officer and President of New Residential Investment demonstrate this by buying larger share index for a period of 6 months and one of his big investment being $6.1m.New Residential Investment sells one share at $6.10 .
In conclusion Michael Nierenberg most of his work is focused on the management and business sector.
Michael Nierenberg’s social Media: twitter.com/newresidential