# Michael Nierenberg

> Michael Nierenberg is chairman, chief executive officer and president of Rithm Capital, the New York-based investment business formerly known as New Residential. A former mortgage bond trader and senior executive at Lehman Brothers, Bear Stearns, J.P. Morgan and Bank of America Merrill Lynch, he became CEO in November 2013 and chairman in May 2016. His tenure has included management internalization and acquisitions of Sculptor, Crestline and Paramount Group, now Elecor Properties.

- **Role:** Chairman of the Board, Chief Executive Officer and President at Rithm Capital
- **Organizations:** Rithm Capital, Rithm Acquisition Corp., Rithm Property Trust, Fortress Investment Group, Bank of America Merrill Lynch, J.P. Morgan, Bear Stearns, Lehman Brothers
- **Known for:** Led Rithm as CEO and president since November 2013 and chairman since May 2016., Oversaw management internalization from a Fortress affiliate in 2022., Expanded Rithm’s investment management capabilities through acquisitions of Sculptor in 2023 and Crestline in 2025.

## Career timeline

- **1987** — Began his finance career in Lehman Brothers’ mortgage finance group, according to his own account.
- **1988** — Moved to Lehman’s mortgage trading desk, according to his account.
- **Before 2008** — Spent fourteen years at Bear Stearns in mortgage-backed securities, structured products, interest-rate and foreign-exchange leadership roles.
- **2006–2008** — Served on the Bear Stearns board of directors.
- **2008** — Led Global Securitized Products at J.P. Morgan; joined Bank of America Merrill Lynch in November.
- **2013** — Joined Fortress and became CEO and president of New Residential in November.
- **2016** — Became chairman of New Residential in May.
- **2022** — Led the company through management internalization and its rebrand as Rithm Capital.
- **2023** — Rithm completed the acquisition of Sculptor Capital Management on November 17.
- **2025** — Rithm completed Crestline’s acquisition on December 1 and Paramount Group’s on December 19.
- **2026** — Paramount became Elecor Properties; Rithm formed an office joint venture with a DRA Advisors fund in October.

## Achievements

- Led Rithm as CEO and president since November 2013 and chairman since May 2016.
- Oversaw management internalization from a Fortress affiliate in 2022.
- Expanded Rithm’s investment management capabilities through acquisitions of Sculptor in 2023 and Crestline in 2025.
- Oversaw the December 2025 acquisition of Paramount Group’s office platform, renamed Elecor Properties in 2026.

## Latest updates

- **2026-10** — On October 14, Rithm announced a $375 million securitization backed entirely by multifamily loans originated and serviced by Genesis Capital, its first multifamily-only securitization.
- **2026-10** — On October 2, Rithm announced a joint venture with a DRA Advisors fund for 1301 Avenue of the Americas, retaining majority ownership and operation through Elecor.
- **2026-07** — Rithm reported approximately $61 billion of asset management AUM as of June 30 in its July 28 second-quarter results.
- **2026-04** — Rithm announced the Elecor Properties rebrand and approximately $250 million of planned portfolio improvements with joint venture partners.

## Links

- Website: https://www.rithmcap.com/
- LinkedIn: https://www.linkedin.com/in/michael-nierenberg-932677323

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Profile page: https://yespress.io/michael-nierenberg
Published by YesPress — https://yespress.io
Last updated: 2026-10-21