Fortress Said to Hire Bank of America’s Nierenberg for Mortgages

Fortress Investment Group LLC hired Michael Nierenberg, Bank of America Corp.’s head of global mortgages and securitized products, as a senior executive in its private-equity business, according to a person with direct knowledge of the matter.

Nierenberg is joining New York-based Fortress to focus on residential mortgages, real estate investment trusts and property-related holdings such as Springleaf Finance Corp. and Nationstar Mortgage Holdings Inc., said the person, who asked not to be identified because the hire wasn’t publicly announced. Nierenberg knows Fortress co-founder Wes Edens, who runs the company’s private-equity unit, from when they worked at Lehman Brothers Holdings Inc., the person said.