The Amazing Comeback of Michael Nierenberg

Michael Nierenberg has distinguished himself in the world of mortgage investment and banking, currently holding the positions of Chairman of the Board, President and Chief Executive Officer (CEO) for the residential investment giant, New Residential Investment Corp. Before ascending to his position at New Residential Corp, Michael Nierenberg spent time in significant positions at some of the largest names on Wall Street. These include Lehman Brothers, Bear Stearns, JP Morgan, and Bank of America Merrill Lynch.

Starting his impressive career, Michael Nierenberg helped to build Lehman Brothers adjustable rate mortgage business. He moved on from Lehman Brothers to take several senior leadership positions with Bear Stearns, including the head of interest rate and foreign exchange trading operations, co-head of structured products, and co-head of mortgage-backed securities trading.

Michael Nierenberg was at Bear Stearns when the subprime mortgage crisis, primarily associated with the Great Recession in 2008, occurred. Bear Stearns and Lehman Brothers, the two firms he worked for, went under. He fought a lawsuit from the Federal Housing Finance Agency, the agency that oversees Fannie Mae and Freddie Mac, and was accused of lying to federal regulators concerning financial disclosures. Despite this potentially career ending set back, Michael Nierenberg bounced back quickly. Soon, he bounced back to become the head of Global Securitized Products for JP Morgan. After a few years with JP Morgan, Michael Nierenberg filled the same role at Bank of America Merrill Lynch.

Since accepting the position of President and CEO at New Residential Investment Corp, in November of 2013, the residential investment firm has experienced impressive gains. As of the end of year in 2017, New Residential Investment Corp has produced 1.7 billion dollars in total lifetime dividends to shareholders. Such success propelled him to the position of Chairman of the Board in May 2016.

To know more click: here.

Why Kevin Seawright Is a Man with Great Entrepreneurial Aptitude

 Whenever you read about the life achievements some people like Kevin Seawright have made, you understand nothing great comes on a silver platter. He has come a long way before he could join the Newark Economic Development Corporation. He joined this great business community on 19th May 2015. Kevin has served in different executive positions, and his impact has been great. As an Executive Vice President and CEO, Kevin has proved to be a man with exceptional skills. He has worked as an educationist, and he has also worked for different real estate developers and government agencies. Read this article at Live Newspaper

The Newark Development Corporation is doing its best to attract more real estate developers in the city, and also keep the business spirit burning. Kevin has the skills and experience the small businesses need to maximize their development and growth. He says the only way to make the lives of other people in Newark productive is by empowering the small businesses to create employment opportunities. This way, improving the quality of life of the citizens would not be a big issue.

Today, Kevin Seawright is the CEO, Managing Partner, and Founder of Real Property Solutions. He uses the government positions he holds to serve the public. Kevin went to Almeda University where he got his MBA. He then went to the Mendoza College of business at Notre Dame University to study Executive Leadership. Kevin’s career has a long history. It started when he served as the Managing Fiscal Officer in the City of Baltimore. Kevin has served in the city’s Department of Parks and Recreation as the Chief Financial Officer. He has also worked in the Housing Department as the Finance Director in Baltimore.

Kevin has accumulated deep financial knowledge from his work experience and education. His personnel management skills are not only reliable but also effective. He then changed his career in 2011 when he joined the private sector. He worked at Tito Contractors as the Vice President, and used his aptitude to improve and increase the company’s construction dynamics. His Baltimore-based company, Real Property Solutions, is famous for its quality services in building and renovating residential properties. His main focus is giving Baltimore residents affordable housing and maintaining neighborhoods’ stability.

Read more:


The successful career of Mr. Shiraz Boghani; an award-winning hotelier in the U.K

Mr. Shiraz Boghani is one of the greatest investors in the United Kingdom’s hospitality industry. He serves as the current chairman of Splendid Hospitality Group, which has numerous high profile hotels and restaurants in the U.K. the Splendid Hospitality Group is one of the fastest growing chains of hotels in the U.K. Mr. Shiraz has put a lot of effort to grow Splendid Hospitality Group to what it is today. He was recently honored with the Asian Business Awards where he was named Hotelier of the Year. He possesses a wealth of experience in the hospitality industry that spans over three decades. Mr. Shiraz Boghani currently owns more than 19 hotels that are spread in various parts of the country.

Mr. Boghani did not start his career in the hospitality industry. He is a qualified Chartered Accountant who developed a lot of interest in the hospitality industry. Mr. Boghani is among the pioneers who launched limited service branded restaurants in the U.K in the early 1990s.

Shiraz spent his childhood in Kenya and then relocated to U.K to pursue higher studies. He studied Accounting where he graduated in the 1960s. He launched his career in a small Accounting firm in the U.K. He went on to train accounting at Thompson McLintock & Company where he gained a lot of experience in accounting. While working at the Accountancy firm, Shiraz kept his eyes open, and he started researching in the Hospitality business.

Mr. Shiraz has grown Splendid Hospitality Group over the years. He is considered to a pioneer in so many things in the hospitality industry. He has used his entrepreneurial skills to grow his fortune over the years where he now sits among the richest people in the country. He has utilized his wealth to fund various charities and other organizations that support various causes. Shiraz volunteers at Ismaili community where he holds several senior positions.

Besides investing heavily in the hospitality industry, Shiraz has a lot of interests in the healthcare industry. In 1985, Shiraz joined hands with Dr. Shafik to establish Sussex Healthcare facility. This is a network of care centers that are spread in various Sussex in the U.K. The award-winning care home offers exemplary services for the seniors with various serious health conditions such as dementia and autism. The healthcare facility also provides support to individuals living with disabilities. It employs renowned experts in various fields who ensure that residents get the best quality services. Follow Shiraz Boghani on Twitter.