About Us

Invictus Group® was organized specifically to fill the glaring hole in bank analysis. We recognize that today's unusual post-recessionary, low interest rate environment renders traditional analytical models unable to evaluate bank capital effectively - and we have created a superior model and methodology for the banking industry. We are thought leaders in bank stress testing, mergers and acquisition analysis and strategic planning for banks. Our regular newsletter, Bank Insights, is widely read.

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, mergers and acquisitions, regulation, information technology, credit, insurance and investment banking.

Leonard J. DeRoman, Invictus Group Malcolm Clark, Invictus Group Invictus Group
Kamal Mustafa
Leonard J. DeRoma
Managing Partner, CFO
Malcolm Clark
Managing Partner, Technology & Product Development
Adam Mustafa
Managing Partner, Client Delivery and Development
Invictus Group
Chet Gibson
Managing Partner,
Chief Operating Officer
George Dean Callas
Managing Partner, National Sales Director
Lisa Getter
Director of Communications and Marketing
Vito Nardelli
Executive Advisor, Client and Industry Relationships
Tom Rideout
Executive Advisor, Clent and Industry Relationships


Kamal Mustafa - Chairman

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; head 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.

Leonard J. DeRoma - Managing Partner & CFO

Leonard J. DeRoman, Invictus GroupMr. DeRoma began his career at Citibank in the 1970s working with Kamal Mustafa in Citibank’s corporate finance department. He then spent the next 20 years in senior positions in fixed income trading for a number of major financial institutions including Lehman Brothers, Barclays Capital, and Keybank, managing large components of those institutions’ domestic and foreign fixed income trading, sales, and underwriting, and foreign exchange businesses. Serving as the President of Barclays U.S. securities business he was senior advisor to the U.S. ALCO committee and chaired the U.S. Credit and Risk Management Committee. He returned to corporate finance joining up with Kamal Mustafa to form Wildwood Capital LLC and Invictus Consulting Group. In addition, he has served as a director of a number of public companies and funds.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. He has been a speaker at numerous conferences on credit and markets in the U.S., Europe and Asia.

Malcolm Clark - Managing Partner, Technology & Product Development

Malcolm Clark, Invictus GroupMalcolm Clark has more than 25 years of experience in financial markets and technology, generally straddling the two disciplines. After developing technology for Morgan Stanley's New York and international repo desks, he moved onto the desk as a repo trader in London. He later joined CSFB with responsibility for both repo trading and developing repo technology. Subsequently he headed up the front office technology group in the Pacific region for CSFB in Tokyo, and then moved into to Fixed-Income Research where he was a market strategist for the Japanese, Australian and New Zealand markets from Sydney. Back in London and deciding to leave mainstream investment banking in 1999, Malcolm took a stake in Anvil Software, a small technology firm supplying global repo trading software. He headed up sales, marketing and product strategy, overseeing international growth and the eventual sale of the company. Mr Clark has a Bachelor of Science in Economics from the Massachusetts Institute of Technology and the London School of Economics.

Adam Mustafa, Managing Partner, Client Delivery and Development

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.


George Dean Callas - Managing Partner, National Sales Director

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 successfully building out the International Repo Brokering business. He served as Director of Trading at BZW Securities (the predecessor of Barclays Capital, the investment banking arm of Barclays PLC), 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 - Director of Communications and Marketing

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.

Chet Gibson - Managing Partner, Chief Operating Officer

Chet Gibson brings a wealth of experience and expertise in multiple disciplines, including the perspective of CEO of a manufacturing company and that of Managing Director of a consulting and venture capital investment firm. His accomplished career includes multiple executive posts in both financial and traditional firms. His broad base of executive level experience and expertise encompasses business development, strategic planning, operations management, marketing & sales, product development and process re-engineering. Mr. Gibson holds a Master's degree from the College of William and Mary and Bachelor's degree from Randolph-Macon College.

Tom Rideout - Executive Director, Client and Industry Relationships

Tom Rideout’s banking career spans more than 40 years, including serving as President of the American Bankers Association (ABA). As President and COO and later CEO, Mr. Rideout over six years led a sound and profitable doubling of the assets of Savannah (GA) Bank & Trust Company. He was a Director of the company’s parent holding company, First Railroad & Banking Co., and after its sale became Vice Chairman and an Management Committee member of the First Union National Bank of North Carolina. At Wachovia Bank, N.A., Mr. Rideout’s 17-year career included institutional bond sales and trading, global money markets/foreign exchange, bond portfolio management and bank corporate finance., where he served as Senior Vice President for Funds Management. This was followed by a 5-year stint as Senior Vice President for Financial Institutions

Mr. Rideout also has extensive government and regulatory relations experience. As ABA President, Mr. Rideout led the banking industry through the passage of the Financial Institutions Reform Recovery and Enforcement Act of 1989. He served as Senior Vice President and Director of Government Relations for First Union Corporation, and as Executive Director of the Bank Capital Markets Association in Washington, DC.

Vito Nardelli - Executive Director, Client and Industry Relationships

During his 30-year financial services career, Vito Nardelli has excelled at building and maintaining excellent relationships with regulators. He served as the President and COO of OceanFirst Financial Corp. and as President of OceanFirst Bank in New Jersey. Previously, Mr. Nardelli served as the Senior Vice President and Retail Banking Director for Trust Company Bank, and held several leadership positions at First Union National Bank, including president of the Central New Jersey region. He has also served as Executive Director of the New Jersey Economic Development Authority in the 1990s, and 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.