Did you know that Mike Nierenberg started out with Lehman Brothers? Do you know why that is important?
Well, it was at this prestigious firm that Mike Nierenberg was able to really hone in on the mortgage industry and lay down the foundation to become a prominent player in the financial sector. Mike Nierenberg now works at a company where he is the head honcho, he is the Chief Executive Officer at New Residential Investment Corporation.
Mike Nierenberg shows individuals that being interested, being interesting, and being competent are traits to have to be player in any particular market space. The second aspect Mike Nierenberg will be able to show individuals who are interested in growing their star, is that, it is important to align with people who have resources and are organized. He was able to choose wisely by picking Lehman Brothers as his first prominent financial institution to be a part of.
We know that Mike Nierenberg was a key part of building up their adjustable rate mortgage division. But what do we know about the firm and why Mike Nierenberg would have chosen, what do we know about the history of Lehman Brothers?
Let’s find out a little bit more about the history of the financial institution behind the history of Mike Nierenberg.
The Growth of Lehman Brothers from 1847 to 1880
Yes, Lehman Brothers were around since the mid portion of the 1800s and it has quite a history. The story of Lehman brothers starts to pick up after one Lehman brother helps to establish the New York Cotton Exchange, he delves into another hot sector that is stable and viable, the railroad bonds business, he then progresses to adding advisory services for financial affairs.
He continued to hold prominent positions within the different emerging institutions of trade. The second institution he would join would be the Coffee Exchange, the next one would be the New York Stock Exchange.
One of the legendary founders of the firm where Mike Nierenberg would eventually work was showing an example of how to be relevant in an industry, be skillful, bring something to the table, and continue to be present in the industry.
Mike Nierenberg has also shown these traits throughout his career as well and that is why he is the leader of the New Residential Investment Corporation.
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