The business executive has for many years of experience in the business world where he has served in various capacities at different organizations. Currently, he works as the president and chairman at New Residential. He has chaired the organization’s board for the last three years now and has helped in transforming the operations of the firm through the adoption of appropriate policies. Before Mike Nierenberg joined New Residential, he served the Bank of America.
He had worked at the financial institution for five years. Prior to that job, he was hired by an investment firm called JP Morgan. Mike Nierenberg has urged individuals and organizations to invest in excess mortgage servicing rights (MSRs). He is innovative and that has earned him a good reputation in the industry. According to Mike Nierenberg, every investment manager must focus on identifying and exploiting undervalued assets. Experts urge investors to always ensure that they possess enough capital and have good working relationships with other businesses before acquiring the assets.
Under the leadership of Mike Nierenberg, New Residential acquired mortgage servicing rights worth $114 billion last year. One of the main reasons why many investors do not acquire the assets is that they are more complex than other asset classes and hence require individuals with vast knowledge in the field. Mortgage servicing rights have many benefits that make them a good investment opportunity. According to statistics in the mortgage industry, MSRs sold by various financial institutions are valued at over $3 trillion in the last decade. Unlike some assets, this class guarantees a steady cash flow in the long run.
Contact Michael Nierenberg: www.reuters.com/finance/stocks/company-officers/NRZ
New Residential Investment Corp prides itself on being highly residential in regards to their goals and growth. They actively manage real estate investments. In addition, they strive to be very opportunistic in the nature of their company.
Furthermore, New Residential Investment Corp is a mortgage REIT which is focused on investing in residential mortgage related assets. This prolific mortgage REIT company ensures to loan money for mortgages, to real estate owners.
Moreover, this money is used as an exponential gain, because it can be used to purchase any existing mortgages or mortgage-backed securities. The revenue of New Residential Investment Corp is primarily generated by the interest that it earn on the mortgage loans.
The success of New Residential Investment Corp is established simply by creating a proven track record and honing in on their promise to make certain that their duties are executed accordingly.
New Residential Investment Corp is a publicly traded real estate investment trust, and they leverage skills to give returns that help drive steady and increasing dividends to their shareholders.
They target various assets which have a great basis and foundation of generating stable long term cash flows. The company established a market cap of $6,225.64(Mil.)
Michael Nierenberg’s social Media: twitter.com/newresidential
Michael Burwell is a highly regarded CFO and financial advisor who currently services in the role of Chief Financial Officer at Willis Towers Watson. He is a graduate of the University of Michigan and has in excess of thirty years of experience in the financial industry, working in a number of top executive roles.
The highly regarded global insurance and financial advisory outfit Willis Towers Watson hired Michael Burwell as its new Chief Financial Officer as a replacement for highly esteemed, retiring CFO Roger Millay who finished his tenure in October 2017. Michael Burwell garnered the prestigious role due to his thirty-one years of expertise in the world of professional services and finance. He came to Willis Towers Watson from the prestigious firm Pricewaterhouse Coopers LLP. While he was at that firm he held several of the top executive leadership roles for the company. These roles included working as the company’s CFO for the United States, Head of Global Transformation and Chief Operating Officer. Willis Towers Watson CEO John Haley has expressed that he is very happy that the firm was able to acquire the services of such an amazingly talented individual as Michael Burwell. The fact is that Michael is someone who truly understands all aspects that are needed for success in the role of CFO for a high profile company like Willis Towers Watson.
Michael Burwell draws his inspiration for business from a number of places. He loves to listen to what other people have to say and thinks that it is an invaluable skill that helps people achieve success in the business world. Michael Burwell also works hard to stay productive and feels that technology has dramatically helped him in this area. Michael Burwell is also a huge proponent of the development of quality professional relationships and networking. This skill helps a person not only in their business affairs but also helps them to be better people in general. In terms of what is going on at Willis Towers Watson these days, Michael is excited about the company’s delegated investment service that is referred to as AMX. This service has helped massively in the company’s ability to serve its clients across the world. He is also passionate about his philanthropic work and loves to contribute to organizations such as Sacred Heart Rehabilitation Center that help people who struggle with addiction.
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A good company leader or executive should be tactful, have skills that are tailor-made for where the company is heading and systematic in the operations. Even if the leader is a Chief Financial Officer, such attributes should play important factors in selection. Fortunately for the company Willis Towers Watson, it has these attributes in mind. It has these ideas in its values, core strategies and vision in order to lead in the tough industry that it is part of. To sustain its leadership, it is wise enough to officially declare that their new CFO would be Michael Burwell.
Michael Burwell has already been trained in the new job for Willis Towers Watson. His work history says it all. He was a part of the strong leading growth of the firm, PwC. With his finance skills, advice and technical expertise and understanding, he was able to overcome financial setbacks in the company that would challenge their leading position. Being also the Vice Chairman of U.S. Transformation for PwC also taught Michael Burwell numerous things, including the fact that networking and building genuine relationships should be key in any type of career.
It is also a sure definite way to understand the career of Michael Burwell if one reads the interview that he did with Inspirery news portal. It was there that Burwell shared the challenges, truthful lessons, top-notch tips and sustained strategies he gathered all throughout his career. One tip that stood out in the interview is about strong solid communication with a team. Without such tried-and-true tip of establishing rapport, it’s hard to build trust with anyone, let alone someone that would help a company sustain its growth. Read This Article to learn more.
It is this kind of method also that Burwell was able to withstand the challenges he faced as he helped his previous employer deal with its internal shared services issues that needed his expertise to come through.
Brief Bio of Michael Burwell
The formal education of Michael Burwell came from the University of Michigan, where he was trained as a CPA. He also has 30 years of impeccable leadership history for working for various high-level clients and crucial roles in the industry.