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.
Indrajit Bardhan joined the Board of Directors of Cypress Trust Company in 2018. Dr. Bardhan is a finance professional based in New York, with over 25 years of experience in investment banking. Most recently, he served as the global head of Prime Services at Credit Suisse, overseeing the financing and brokerage services to hedge fund clients, as well as the funding and liquidity of the Equities division. Before joining Credit Suisse in 2009, Dr. Bardhan was at Merrill Lynch where he was COO of Prime Services. There he was responsible for risk, profitability and strategy, and was the head of funding, capital and liquidity for the Equities division. Prior to Merrill Lynch, Dr. Bardhan spent 13 years with Goldman Sachs Securities Services in New York and London where he traded a range of products including convertibles, warrants, stock loan and delta one products. He holds a bachelor’s degree from IIT in Mumbai India as well as a master’s degree and a Ph.D. in operations research from Columbia University’s School of Engineering and Applied Sciences. Dr. Bardhan lives in New York with his wife and four children.
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.
Donald G. Kempf, Jr.
Donald G. Kempf, Jr. re-joined the Board of Directors of Cypress Trust Company in 2018. Don Kempf is a private practitioner, an AAA- and CPR-certified arbitrator and mediator and an adjunct professor of law. Don served as executive vice president, chief legal officer, secretary and a member of the management committee of Morgan Stanley from December 1999 until his retirement in 2005. He began his legal career in 1965 at Kirkland & Ellis, served on its management committee from 1981 to 1998 and retired as a senior partner in 2000 after joining Morgan Stanley. From 2007-2012 Don was a Senior Advisor at Gleacher & Company, an independent investment bank, and Blaqwell Inc., independent consultants to the legal profession. During 2017-2018 Don served as Deputy Assistant Attorney General in the US Department of Justice, where he oversaw litigation in the Antitrust Division. A trial lawyer, Don has handled a wide variety of matters, including complex securities, antitrust, patent, employment, commercial and corporate transaction-related cases. He is a Fellow of the American College of Trial Lawyers. Don is a graduate of Harvard Law School and has an M.B.A. from the University of Chicago. He served in the Marine Corps, as a Commissioner on the U.S. Antitrust Modernization Commission, as a trustee and vice president of the American Inns of Court and as president of the Seventh Circuit Bar Association and the Chicago and New York Inns of Court. Don also has been counsel in a wide variety of corporate transactional situations, representing target and tendering firms in takeovers, acquiring and divesting firms in M&A transactions (including transactions challenged by the government and private parties), firms involved in proxy contests and other corporate governance matters, management, directors and companies in merger-related securities matters and investment banks and arbitrageurs in evaluating securities, antitrust, regulatory and litigation aspects of proposed transactions. Don is a past chair of the ABCNY’s Committee to Enhance Diversity in the Profession and has served on the visiting committee at the Harvard Law School. Don was a founding director of Equal Justice Works and is a former director and chairman of Metropolitan Family Services/United Charities of Chicago. He is a life trustee of the Chicago Symphony Orchestra and has also served on the boards of the Minority Corporate Counsel Association and New York City Opera, the advisory board of CorporateProBono.Org, corporate counsel board of the National Center for State Courts and the advisory board of the BNA’s Antitrust and Trade Regulation Report. Don is an emeritus member of the Association of General Counsel, and a frequent author and lecturer.
Dana S. Kilborne
Dana S. Kilborne joined the Board of Directors of Cypress Trust Company in 2018. She began her thirty-year banking career in 1985 in South Florida before moving to Central Florida in 2000. In 2004, Ms. Kilborne founded Prime Bank and served as President and CEO and on its Board of Directors. In 2010, Prime Bank merged with Florida Bank of Commerce where she also served as Director and President/CEO of the bank and holding company, FBC Bancorp. In 2016 FBC merged with Sunshine Bank, a wholly owned subsidiary of Sunshine Bancorp, a NASDAQ traded company. Ms. Kilborne served as Co-President and Chief Commercial Officer of Sunshine Bank, and additionally served as a Director of the bank and holding company. Sunshine Bancorp successfully completed a sale to CenterState Bank in January 2018. She currently serves as a Director of NCMIC Insurance Company based in Des Moines Iowa and HealthFirst Inc., an Integrated Delivery Network, based in Melbourne Florida. Ms. Kilborne is a former Director of the Federal Reserve Bank Board of Atlanta-Jacksonville Branch 2015-2017. She has served on the board of many community organizations, currently including, Chair Elect of Economic Development Commission of Space Coast, Immediate Past Chair Holy Trinity Episcopal Academy and East Coast Zoological Society of Florida. Past board service includes the Florida Bankers’ Association, Chair of the 2014 Florida Bankers’ Association Annual Convention, Chair of the Economic Development Commission Ad Valorem Tax Abatement Council and as a member of the Brevard County Blue Ribbon Transportation Committee. Ms. Kilborne earned a B.S. Degree in Finance and a Masters’ Degree in Banking. Her published thesis was entitled “Mergers and Acquisitions Handbook for the Community Banker” and she received the Orlando Business Journal Women Who Mean Business Award in 2014. Ms. Kilborne and her husband, Briggs, have three children and live in Merritt Island.
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.