Nicola P. Gismondi
Managing Director

Nick is a results oriented senior banking executive who possesses a unique blend of banking business acumen and information technology expertise. He is a seasoned business and technology leader with over 30 years in the field of Finance. Nick has a proven track record with several major corporations (Bank of America, R. J. Reynolds Tobacco, Columbia Gas, US Steel Corporation).

Through his leadership and with innovative technology, Nick assists his clients in the implementation of strategic change initiatives. Nick is known for his expertise in cash disbursement controls. He is a master of streamlining business processes.

Prior to joining Vitex, Nick was a Senior Vice President for Bank of America in charge of disbursements totaling more than $8 Billion per year. He also was responsible for the accounting compliance review of fixed assets and associate inventories valued in excess of $7.4 Billion. In addition, he managed the processing and payment of over 700,000 travel and entertainment expense statements annually. Nick developed the program that allowed Bank of America to displace over 250 FTEs by consolidating 21 accounts payable offices into a centralized disbursement group. He also created and led a duplicate payment recoveries process that resulted in the addition of several million dollars to the bottom line.

Also, while at Bank of America, Nick developed the strategy and managed the implementation of a purchasing card program. He also designed, developed and implemented an electronic bar coded check request voucher system and replaced the microfilming process with image technology. Nick also wrote the specifications and managed the implementation of a web-based electronic T&E expense statement reimbursement system, known as
“EXPRESS” across the bank.

Nick holds a Masters degree from Duquesne University in Pittsburgh and a Bachelor of Science degree in Business Administration/Accounting from Waynesburg College.