BOARD OF DIRECTORS
Dr. Jayaram Chigurupati, Chairman of the Board & Chief Executive Officer
Dr. Jayaram (Jay) Chigurupati joined the Board of Directors of Cypress Capital Group, Inc. and Cypress Trust Company in August, 2009 and currently serves as President & CEO and Chairman, respectively. Dr. Chigurupati is an entrepreneurial, interdisciplinary businessman with interests primarily in healthcare and financial services. He was an Executive Vice President of Dr. Reddy’s Laboratories Limited (1997 to 2003). In that position, he started and managed its biotechnology and oncology strategic business units as well as managed marketing in emerging markets around the world, including Russia, China and Brazil. All of the units became critical assets of Dr. Reddy’s Laboratories. Dr. Chigurupati has a Ph.D. in genetics and an MBA from Cornell.
Biplab K. Das
Biplab K. Das joined the Board of Directors of Cypress Trust Company in 2012. Mr. Das has been a Director of Credit Suisse AG, Switzerland advising clients in all aspects of finance across the globe. He has served in a multitude of strategic functions in investment management and investment banking in virtually all major financial centers of the world – New York, Toronto, Zurich, Basel, Hong Kong, Singapore and the Channel Islands – during his long career with two of Switzerland’s largest global banks. Mr. Das began his banking career in New York, in 1978, with Swiss Bank Corporation, the predecessor firm of UBS AG. He has also worked as a volunteer in East Africa for a global Microfinance Institution. In addition to Cypress Trust Company, Mr. Das is a member of the board of a number of for-profit and non-profit organizations in the US and India, and serves as the non-executive Chairman of a commercial bank in India. He received a Bachelor’s Degree in Business Management and an MBA from New York University’s Leonard N. Stern School of Business (NYU/Stern) in 1977, as well as a Bachelor’s Degree in Science from the University of Calcutta in 1971.
C. Gerald Goldsmith
C. Gerald Goldsmith joined the Board of Directors of Cypress Trust Company in 2012. After a career on Wall Street with Wertheim & Co. and A.G. Becker, Mr. Goldsmith was Chairman of I.C.D. (New York Stock Exchange) until 1976 and has subsequently been an independent investor. He is currently a director of Flagler Bank and Scripps Florida Funding Corporation, and a trustee of Chatham Lodging Trust. Mr. Goldsmith has held numerous directorships, including the Presidency of his family companies Solomon-Goldsmith Cotton and Goldsmith Farms, NYSE directorships with Florida National Bank, Nine West Group, Inc., U.V. Industries, American Banknote, Abacus Funds, Meditrust, Innkeepers USA and Seven Arts Productions, as well as directorships of Royal Bank of Canada International and Sterling Trust Bank. He was a founder and chairman of Palm Beach National Bank & Trust Company, and has been a director of closely held real estate companies including those owning the Taft, Commodore and Drake Hotels. He is on the Board of Trustees for the Palm Beach Public Employees Fund, and is a former Chairman of the Board of Directors for Good Samaritan/St. Mary’s Hospital Foundation, former member of the Board of Trustees for the Norton Museum of Art in West Palm Beach, an Emeritus Director of Pace University and is a past member of the Zoning Board and Town Council in Palm Beach, FL. Mr. Goldsmith is a graduate of the University of Michigan and Harvard Business School, and a former officer in the United States Air Force.
Thomas E. Hassen
Thomas E. Hassen joined the Board of Directors of Cypress Trust Company in 2013. He is the President of MT3 Resources. Until he retired in 2016, he was Chairman of Global Oil and Gas banking for Macquarie Capital, a global provider of banking, financial, advisory, investment and funds management services. Since 2008 and until he joined Macquarie Capital, Mr. Hassen was Vice Chairman of Irving Place Capital, a New York private equity firm focusing on making private equity investments in middle-market companies. Prior to that, he was a Senior Managing Director and Vice Chairman of Bear Stearns’ Global Industries Group. Mr. Hassen joined Bear Stearns after having been Co-Chairman and Co-Head of the Global Energy Group at Credit Suisse First Boston, and Co-Head of the Global Energy Group at Morgan Stanley, where he spent 21 years. Mr. Hassen holds a Bachelor of Sciences Degree from the University of Dayton.
Vithala R. Rao
Professor Vithala R. Rao joined the Board of Directors of Cypress Trust Company in 2017. He is the Deane Malott Professor of Management and Professor of Marketing and Quantitative Methods, Johnson Graduate School of Management, Cornell University, Ithaca, New York. Professor Rao holds master’s degrees in mathematical statistics from the University of Bombay and in sociology from the University of Michigan, and a Ph.D. in applied economics/marketing from the Wharton School of the University of Pennsylvania. He has published over one hundred and thirty five papers on several topics including conjoint analysis and multidimensional scaling, pricing, bundle design, brand equity, market structure, corporate acquisition and linking branding strategies to financial performance. Current work includes competitive bundling, diffusion of attribute information for new products, and trade promotions. Papers by Professor Rao have appeared in the Journal of Marketing Research, Marketing Science, Management Science, Journal of Marketing, and Journal of Consumer Research, among others. He has been honofred with the 2000 01 Faculty Research Award of the Johnson School of Management at Cornell University, the 2005 Robert D. Buzzell Award for the Best Paper by the Marketing Science Institute., and the 2008 Charles Coolidge Parlin Marketing Research Award presented by the American Marketing Association and the American Marketing Association Foundation recognizing his “outstanding leadership and sustained impact on advancing the evolving profession of marketing research over an extended period of time.” Professor Rao was selected as the ISMS Fellow in 2012 in recognition of his significant contributions in research, education and service to the Society of Marketing Science’s efforts to improve the understanding and practice of marketing. More recently in 2016, the American Marketing Association awarded the distinction of “AMA Fellow” for his significant contributions to the research, theory and practice of marketing, and/or to the service and activities of the AMA over a prolonged period of time. He is the co-author of Applied Multidimensional Scaling, Decision Criteria for New Product Acceptance and Success, and Analysis for Strategic Marketing. Professor Rao has edited a volume of research papers entitled Handbook of Pricing Research in Marketing and published a book, Applied Conjoint Analysis. He serves on the editorial boards of Journal of Marketing (as an Associate Editor), Customer Needs and Solutions (as a Senior Editor), Journal of Marketing Research (as a reviewer), Marketing Science (as a reviewer) and Journal of Business-to-Business Marketing (as a reviewer). He is also an ad hoc reviewer for several journals including Management Science. Professor Rao was the past Chair of the Marketing Strategy Committee of INFORMS, and a Board Member of Zenotech Laboratories from 2005 to 2008. He has taught at several other Schools including the Fuqua School of Business of Duke University, Columbia Graduate School of Business and the Indian School of Business, Hyderabad, India.