Invictus Group® was organized specifically to fill the glaring hole in bank analysis. We recognize that today's unusual recessionary and post-recessionary environment renders traditional analytical models unable to evaluate bank capital effectively - and we have set about creating a superior model and methodology for the banking industry.
Invictus is serious about its consulting and product offerings. Invictus has received a SOC 2 Type 1 Report from leading auditors Plante Moran which affirms our commitment to providing quality-assured analysis to our clients. For more on the Service Organisation Control (SOC) accreditation, see the American Institute of CPAs.
Invictus and Invictus Group are registered trademarks.
Invictus Group® - The Senior Team
The Invictus senior management team has a depth of experience in banking, regulation, information technology, credit, insurance and investment banking.
|Leonard J. DeRoma
Managing Partner, CFO
Managing Partner, Technology & Product Development
Managing Partner, Client Delivery and Development
|Charles L. Perry, Jr.
Director of External Alliances and Partnerships
Client Delivery Support and Marketing
Research and Analytics
|Bayard F. Tracy
|George Dean Callas
Partner, National Sales Director
Director of Communications and Marketing
Chief Operating Officer
Executive Advisor, Client and Industry Relationships
Executive Advisor, Clent and Industry Relationships
With a banking/investment banking career spanning more than 40 years, Kamal Mustafa is a major thought leader in the banking and finance industries. He has served as head of corporate finance/credit at Connecticut Bank and Trust; Managing Director of global Mergers & Acquisitions at Citibank; Managing Director of Merger & Acquisitions and Merchant Banking at PaineWebber; Managing Director of KSP, a $1 billion Leveraged-Buyout Fund for John Kluge; founder and Chairman of Bluestone Capital Partners and Wildwood Capital. He founded Invictus Consulting Group in 2008, and serves as chairman and CEO. Mr. Mustafa has been a trustee for the University of Connecticut and continues to sit on a number of corporate boards.
Mr. DeRoma began his career at Citibank in the 1970's working with Kamal Mustafa in corporate finance. Using new techniques, together they developed sophisticated financial planning and modelling tools to help provide financial advisory services to Citibank's corporate finance clients.
At Lehman Mr. DeRoma managed global financing activity, for Barclays Capital US Fixed Income investment banking, trading, capital commitment, derivatives, sales, underwriting, research. As the President of Barclays US securities business, Mr. DeRoma was in charge of product development, was an advisor to the US ALCO committee and chaired the US Risk Management Committee. He managed the same businesses for McDonald Investments and KeyCorp.
With Mr. Mustafa at Wildwood Capital Mr. DeRoma provided advisory services to middle market industrial companies and to global financial institutions.
Mr. DeRoma has a Bachelor of Science in Electrical Engineering from the Massachusetts Institute of Technology and a Masters of Business Administration from the Harvard Business School. He has served on several industry boards and associations, including the Public Securities Association and the Bond Market Association.
Mr. Clark has more than 25 years experience in international financial markets and technology, generally straddling the two disciplines. His career began with developing technology for Morgan Stanley's New York and international repo desks. He was a repo trader at Morgan Stanley in London in the formative years of European repo. At CSFB he had responsibility for repo financing and developing repo technology in London and the Pacific. He then headed the front office technology group in the Pacific region from Tokyo. Mr. Clark was also a Fixed Income market strategist at CSFB for the Japanese, Australian and New Zealand markets from Tokyo and Sydney, and for the Euro area and the UK from London.
In 1999 Mr. Clark joined Anvil Software in London, a then small technology firm supplying repo trading software. He headed sales, marketing and product strategy, overseeing international growth, a quadrupling of revenues, and the eventual trade sale of the company.
Mr. Clark has a BSc in Economics from the Massachusetts Institute of Technology and London School of Economics, and is based in London.
Mr. Callas has more than 28 years of experience in the financial markets industry, and has been involved at a senior level in developing business infrastructures in trading, sales, marketing and funding on a global basis.
Mr. Callas was a Managing Director at Hill Farber and Co. where he was responsible for building out the International Repo Brokering business. He served as Director of Trading at BZW Securities (the predecessor of Barclays Capital), where he is credited with helping establish BZW as a primary dealer. Prior to BZW Securities, Mr. Callas was a Senior Vice-President for Lehman Brothers where he spent four years on Lehman's Central funding desk. Mr. Callas attended the College of William and Mary and received his (BA) Undergraduate Degree in Accountancy.
Mr. Callas has his Series 7 Registered Representative and Series 66 (Investment Advisors) Licenses and is a member of the Hellenic American Bankers Association.
Lisa Getter was formerly the director of finance and tax analysis for Bloomberg Government in Washington, D.C. She spent six years as the editorial director of UCG, where she created and published Bank Safety & Soundness Advisor and its predecessor, FinCriAdvisor. She was also part of a team at UCG that researched an ERM and stress testing product for community banks.
Ms Getter spent 23 years as an investigative reporter at the Los Angeles Times and the Miami Herald, where she was a member of two Pulitzer Prize-winning teams and was twice a nominated Pulitzer finalist. At the Miami Herald, her report on the shortcomings of the then-U.S. Immigration and Naturalization Service won Harvard's Goldsmith Prize in Investigative Reporting. She was a key member of the team that won the 1993 Pulitzer Prize for public service, documenting how South Florida's building codes and lax inspection practices led to the devastation caused by Hurricane Andrew. She was also a writer and reporter on the Herald team that uncovered massive voter fraud in a city election, work that won the 1999 Pulitzer Prize in investigative reporting.
Ms Getter was a 1995 Nieman Fellow at Harvard University and received a BSJ from the Medill School of Journalism at Northwestern University.
Mr. Gibson has a broad base of experience and expertise in business development, strategic planning, operations management, marketing & sales, product development and process re-engineering. He was formerly the Chief Executive Officer of a $100M Italian manufacturing company where he was responsible for returning the company to profitability, re-building the executive management team and fully implementing Sarbanes Oxley to bring the company into U.S. and International compliance. He was also Vice President of Marketing North America for a $1.2B manufacturing enterprise, Managing Director of a $400M U.S. building materials product line and Vice President of International Business Development for a French manufacturing company where he was responsible for expanding a new business into 12 countries worldwide.
Mr. Gibson holds a Master's degree from the College of William and Mary and Bachelor's degree from Randolph-Macon College.
Mr. Guerin started his banking career more than 25 years ago at Citibank. He worked in New York and London in areas including corporate relationship management, project finance, problem loan workouts and financial institution M&A. While at Citibank, he led the business development M&A team, closing multi-billion dollar transactions such as the acquisition of Bank Haldlowy in Poland and the AT&T Credit Card business in the US. His particular focus in M&A was consumer assets including credit cards, mortgage and auto loans. Subsequent assignments at WestLB, Mizuho, and Morgan Stanley broadened his experience to include structured finance and private equity investment.
Mr. Guerin holds series 7, 63, 66 and 79 securities licenses and received a Credit Risk Certification from the Risk Management Association. He received B.A. and M.B.A. degrees from Rutgers University, and is a member of the Phi Beta Kappa and Beta Gamma Sigma honor societies.
Mr. Kowalski has spent eight years working in the financial services industry and is certified in FINRA Series 3, 7, and 63. Before joining Invictus, he was an associate director on the interest rate sales and trading desk at UBS Investment Bank, covering hedge funds and real money accounts trading in a variety of credit and rates products. He began his career at UBS in CDS Settlements, where he worked his way into a supervisory role in the interest rates middle office. As a salesperson he modeled, priced and traded various interest rate products, provided daily commentary to clients that included regulatory updates, maintaining very close relationships with the global macroeconomic research team, compliance groups, and funding desks. He was also the point person for sales and trading with questions on funding, capital requirements, and regulatory issues around the Dodd-Frank Act. He graduated from James Madison University with Bachelor’s Degrees in Economics and Finance.
Mr. Mustafa has a breadth of senior level experience as a banker, financial services consultant, and corporate CFO. Most recently, he was CFO and Treasurer for Secure Symbology, Inc., an early-stage technology company named in 2007 as New Jersey's Emerging Business of the Year by NJBiz Magazine. Prior to that, Mr. Mustafa worked as a consultant for Deloitte and Touche where he provided valuation expertise to companies in the financial services sector, including FAS 157 valuations and valuation reviews in support of audits. Mr. Mustafa has held several positions on Wall Street, including as an analyst at BlueStone Capital, a small-cap investment bank backed by ABN AMRO, and at TheStreet.com, where he provided direct analytical support to CNBC star Jim Cramer.
Mr. Mustafa has an MBA from Georgetown University and a BA from Syracuse University.
Charles L. Perry, Jr. has spent 36 years in senior levels of insurance and banking. Most recently he was Principal of EAG, a risk management consulting group working with lending institutions and insurance companies in the real estate marketplace. EAG's clients include nationally recognized commercial banks, non-bank institutional real estate lenders, life insurance companies as well as community banking organizations.
Prior to founding EAG, Mr. Perry had been CEO of Environmental Warranty, Inc., an insurance underwriting and brokerage firm selling risk management services and specialty insurance products to and through banks. He headed the Finance Industry Group at the Hartford Steam Boiler Inspection and Insurance Company where he was responsible for the design of insurance products aimed at the financial institutions market. He was a Senior Vice President and Group Head with Bank of New England Corp. and the Connecticut Bank & Trust Company.
Mr. Perry received a B.S. Degree in Business Administration from the University of Connecticut, a graduate degree in Financial Management at the Amos Tuck School, at Dartmouth College. He is also a graduate of the Tuck Executive Program (TEP) at Dartmouth College.
He has been on the board of The Small Business Development Center of Connecticut, served on an advisory board for Fannie Mae, chaired and been a member of numerous committees of the Mortgage Bankers Association's Commercial Real Estate Finance Group. He has testified before the U.S. Senate Banking Committee on risk management issues impacting banks and is a frequent speaker on topics involving real estate finance, risk management and insurance.
Thomas P. Rideout has more than forty years experience in commercial banking, internet banking software and higher education administration. As Senior Vice President for Funds Management, he oversaw strategic capital planning and balance sheet management for Wachovia Bank & Trust Co., NA of Winston-Salem, NC, as well as heading its Financial Institutions Division. Later in his career he served as President & CEO of Savannah (GA) Bank & Trust Company. After its sale to First Union Corporation of Charlotte, he became Vice Chairman of First Union National Bank of North Carolina and also served as First Unions’ Senior Vice President and Director of Government Relations. Mr. Rideout was the volunteer President of the American Bankers Association during the passage of the The Financial Institutions Reform, Recovery and Enforcement Act of 1989.
Mr. Rideout spent five years on the professional staff of the William & Mary Mason School of Business where as Director of Corporate and Alumni Relations he specialized in corporate development and external relations. He also was a Founder and elected Charter member of the Professionals and Professional Faculty assembly at the College of William & Mary.
Mr. Rideout received a B.A. cum laude from Washington & Lee University where he studied history, economics and government and was inducted as an alumnus into the national leadership society Omicron Delta Kappa. He completed the Institute of Investment Banking at the University of Pennsylvania’s Wharton School of Business, and he is an alumnus of Georgetown University’s Leadership Coaching Program.
Bayard Tracy has had a 35 year career in financial services combining line, managerial, board and consulting experience across the banking, insurance and securities industries. Mr. Tracy began his banking career at the Connecticut Bank and Trust Company in middle market commercial lending. In the International Banking Division, he was responsible for the bank's Middle East and later Far East businesses, serving both domestic and foreign based customers. After a series of domestic corporate lending positions, Mr. Tracy managed a $300 million lending group responsible for large corporate, national credit, and services relationships. In that position he was responsible for specialized industry lending including, radio, cable TV, and security monitoring businesses; national corporate and real estate syndications; correspondent bank participations; foreign direct investment customers; and the bank's insurance industry relationships.
After banking, Mr. Tracy was an executive and board member at American Skandia Life Assurance Company, a major underwriter and distributor of variable annuities nationally. Since leaving Skandia, he has been a Managing Director at North Shore Partners, consulting in the life insurance, REIT, and securities industries. He received his BA from St. Michael's College and his MBA from Babson College.
David Treene has more than 20 years as an operational and marketing executive in financial services, consumer products, and business to business segments. He began his career as a Brand Manager on various consumer products brands with Pfizer and Kraft General Foods. He has served as a VP of Marketing and Business Development for Philips Lighting, and has also directed advertising and other marketing communications activities for CIG Commercial Financing and AT&T Capital Corp. He holds an MBA in Management and Marketing from Columbia Business School and a BS in Psychology and Economics from Colgate University.
During Mr. Nardelli's 30-year financial services career, he excelled at building and maintaining excellent relationships with regulators. He served as the president and COO of OceanFirst Financial Corp, and the president of OceanFirst Bank in New Jersey before retiring in 2012. Prior to that, he served as the Senior Vice President and Retail Banking Director for Trust Company Bank. He held several leadership positions at First Union National Bank, including president of the Central New Jersey region. He also was executive director of the New Jersey Economic Development Authority in the 1990s. Mr. Nardelli was a Lieutenant Colonel in the United States Air Force Reserve. He received his BS and JD degrees from Fordham University and has an MBA in Executive Management from St. John's University.