07 Sep Invictus Names Adam Mustafa as President to Lead AI Effort
The Invictus Group®, a data-driven bank strategic advisory firm, has named Adam Mustafa as its new president. He will lead the company as it evolves its data and analytical capabilities to become compatible with artificial intelligence.
Mustafa, one of the firm’s founders, had previously been managing director of model development and client services. The company, formerly known as the Invictus Consulting Group, has rebranded with a new website, logo and mission. It serves the community banking market with a wide array of services, including M&A, stress testing and capital planning and CECL readiness.
“The Invictus Group® is no longer just a consulting company,” Mustafa said. “We are not only about stress testing or M&A advisory services, though we excel in each. At our core, we are a data and analytics company. We pride ourselves on being cutting-edge without straying from the pure fundamentals of banking.”
Mustafa, 39, has overseen the design and implementation of customized capital stress testing, capital management and strategic planning systems for banks ranging from under $100 million in assets to those with more than $10 billion. He will continue to work directly with clients in this new role. He is frequently invited to speak on association and regulatory panels about CECL, CRE concentration risk management and M&A. He has a B.A. from Syracuse University and an MBA from Georgetown University.
The Invictus Group specializes in M&A advisory, capital planning and stress testing and CECL readiness for community banks. Its research and development department is working on a service for bank investors, capital raising solutions for community banks, a loan pricing system, and a loan risk rating system.
The announcement was made by Invictus Chairman Kamal Mustafa, the former head of global M&A at Citibank.