Jeff Hughes helped found The Cypress Group in 1994, after 26 years
at Lehman Brothers as a senior investment banker and merchant banker.

Following a career shift from corporate securities law, Mr. Hughes joined
Lehman Brothers in 1968 and became a partner in 1976. He started Lehman
Brothers' private-financing department and led early LBO financings; had
senior investment-banking coverage responsibilities for industrial, energy,
and consumer-product companies; was co-head of the financial-institutions
group; and was a member of Lehman Brothers' investment committee.

Mr. Hughes has been a director of many public and private companies during
his 43-year business career. He graduated from Wesleyan University and
Duke University Law School, where he is a member of the Board. Mr. Hughes
also serves as Chairman of the Duke Global Capital Markets Center.