Michael Nierenberg

Chairman of the Board, Chief Executive Officer & President

Mr. Nierenberg was appointed as our Chairman of the Board in May 2016, and our Chief Executive Officer and President in November 2013. Prior to becoming Chief Executive Officer of New Residential, Mr. Nierenberg served as managing director and head of Global Mortgages and Securitized Products at Bank of America Merrill Lynch. Mr. Nierenberg joined Bank of America Merrill Lynch in November 2008 from J.P. Morgan, where he was head of Global Securitized Products and a member of the management committee of the investment bank. Prior to his tenure at J.P. Morgan, Mr. Nierenberg held a range of senior leadership positions during fourteen years with Bear Stearns, including head of interest rate and foreign exchange trading operations, co-head of structured products and co-head of mortgage-backed securities trading. From 2006 to 2008, he was a member of Bear Stearns’s Board of Directors. Mr. Nierenberg spent seven years at Lehman Brothers prior to joining Bear Stearns and was instrumental in building the company’s adjustable rate mortgage business.

Nick Santoro

Chief Financial Officer and Chief Accounting Officer

Mr. Santoro was previously employed by FXCM, Inc. from 2012 through September 2015, serving as its chief accounting officer where he was responsible for directing financial reporting, accounting, tax and financial planning activities. From 2005 through 2012, Mr. Santoro was employed by the Financial Guaranty Insurance Company, serving as principal financial officer from November 2008. Mr. Santoro is a certified public accountant.