Our Culture

Cypress Capital Group prides itself on our strong set of values. Our firm's culture is best exemplified by Ray Dalio's Principles.

Our mission is to:

  • Create lasting and sustainable value

  • Serve with grace and humility

  • Recognize our responsibility to our local and global communities by donating 10% of our annual profits to charity

Our People

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Wen Shiau

Managing Partner

wen.shiau @ cypresscapgroup.com

Mr. Shiau, a Silicon Valley resident, has been an avid real estate investor, directly and co-investing, in Silicon Valley, New York, and Hong Kong over the past 25 years. Trained as a global macro investor, Mr. Shiau brings his unique global investment perspectives and local market knowledge to focus exclusively on Silicon Valley (“SV”) and New York Real Estate. Wen is the founder and chair of the Cornell Real Estate Council, Bay Area. 

A native of NJ, Wen began his career on Wall Street and had a 20-year stint in Asia beginning in 1992, working for firms such as Credit Suisse, Lehman Brothers, and Greenwich Capital. He began his professional career as a Mortgage Backed Securities (MBS) structurer and trader at Credit Suisse (formerly, First Boston) where he mastered the pricing dynamics of interest rates, geographic and macroeconomic trends of real estate investments. He was the co-head of Asia-Pacific capital markets for WestLB with oversight from Tokyo to Sydney to India. As a member of the APAC Executive and Investment Committees, Wen co-managed and built up the 100 persons capital markets team, focusing on Asian credits, rates, and fx, with principal investing for a US $31B balance sheet. Some of the highlights of Wen’s career on Wall Street include ranking in the top 5% of global sales for Lehman Brothers and #1 in the Asia-Pacific market for Credit Suisse.

Mr. Shiau currently serves on the Board of Trustees for the  International Center of Photography.

Mr. Shiau holds an M.B.A. from The Amos Tuck School of Business Administration at Dartmouth, and a B.A. from Cornell University where he was a double major in theoretical mathematics and computer science.

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Joseph Luik


joseph.luik @ cypresscapgroup.com

Joseph, a New York resident, is a Partner and Investment Committee member of Cypress Capital Group.  Joseph is Co-Managing Partner and Chairman of the Investment Committee of Mountain Path Capital, a vertically integrated real estate investment manager that acquires dislocated under-valued assets.  

Joseph is a leading institutional real estate investment expert, having worked for 27 years at TIAA, a $900 Billion pension fund. He served as the head of TIAA Mortgage and Real Estate for 7 years, overseeing $60 billion portfolios of real estate assets and managing an annual investment program of $9 billion. He also served as a CEO of TIAA Realty, a $5 billion market cap private REIT, and CEO of Mall of America associates. Joseph is on the Board of Directors of MREN, a network platform that provides deal based collaboration capabilities and data management for the real estate and real assets sectors. He serves on the Board of the Community Mediation Services, a not-for-profit agency that provides programs for individuals, youth, and families encountering obstacles. Mr. Luik is a former Board Director of the Real Estate Round Table and the NYU Real Estate Advisory Council.

Joseph holds a B.S. degree in Business and Economics and an M.B.A. degree in Finance from Hofstra University.

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Jay Chen


Jay Chen, a Hong Kong resident, is a Partner at Cypress Capital Group and has been an active and longtime investor in the private and public markets. Jay is managing partner of Gold Bunker, a real estate investment partnership, and investor and advisory board member for multiple Phoenix Property Investors funds,  a US $2B Pan-Asian private equity real estate firm. ​

Jay was born in Beijing in 1959 to a family with a long history of working for the welfare of China and its people. He is the grandson of Eugene Chen (Chen Youren), personal secretary and then Foreign Minister in Dr. Sun Yat-sen's Nationalist Government. His father, Jack Chen (Chen Yifan), a journalist and scholar, who established the New China News Agency London branch during the war years. In 1971, his family left China for the United States, where Jack Chen advised on Chinese affairs and taught at Cornell University. Jay is a well-seasoned Greater China specialist, beginning his career overseas in 1984 as a member of the negotiating team, and later as CFO of the Tianjin Otis Elevator JV, overseeing the largest joint venture at that time between a Chinese and American company. In 1987, Jay worked as a professional associate for the Boston-based MAC Group in Hong Kong and in 1991 co-founded his own firm, XRG, a transactional business/management consulting firm serving other multi-national firms to establish and expand their presence in China. ​

Jay was raised in upstate New York and received his B.S. in electrical engineering, M.E. in computer structures and M.B.A. (focused on financial and option valuations) from Cornell University.

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Pui Wong


pui.wong @ cypresscapgroup.com

Pui Wong, a born and bred New Yorker, spent over 15 years living in Hong Kong and Tokyo. She currently resides in Silicon Valley.


Prior to joining Cypress Capital Group, Ms. Wong leveraged her international experience by joining the Office of International Affairs at Stanford University, where she worked for over eight years. She managed international visitor services and planned hundreds of short-term programs for visiting academics. Her communications and relationship management skills contributed to the launch of the President’s Global Advisory Council which involved university leadership and highly influential international council members. She also coordinated the first-ever closed-door on-campus China symposium for members of the Board of Trustees and the Global Advisory Council.


At Cypress, Ms. Wong returns to real estate that has been in her family business since the 1970s. Her functional responsibilities include working with architects and general contractors and coordinating the office logistics for our team.


Ms. Wong holds a B.A. in Psychology from Barnard College and an M.A. in East Asian Studies from the University of Chicago.

Austin Shiau

Vice President

Austin, a New York resident, is a Vice President at Cypress Capital Group.


He began his career at LaSalle Investment Management, a global real estate private equity firm with $70 billion of assets under management. From 2015 to 2020, he was directly responsible for executing $3 billion in acquisitions and developments in the U.S. on behalf of the firm’s commingled funds and separate accounts. Austin has experience across strategies (opportunistic, value-add, core, structured equity / mezzanine) and property types (office, multifamily, industrial, retail, select niche sectors). Previously, he spent summers with hotel owner-operators Denihan Hospitality Group in New York and Chartres Lodging Group in San Francisco.


Mr. Shiau received a B.S. from the Hotel School at Cornell University and studied abroad at Tsinghua University in Beijing. He currently serves as a Mentor for Young Real Estate Professionals of New York and previously as a Mentor in Chicago’s South Side.

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Lev Schechter

Vice President

lev.schechter @ cypresscapgroup.com

Lev Schechter, a Silicon Valley resident, is a Vice President for Cypress Capital Group.


A graduate of Williams College, Lev was a member of the Varsity Baseball team at Williams, earning NESCAC All-Academic Team honors. Along with students at Princeton University, Lev helped create Effective Altruism Investments, a student-run investment fund that seeks to beat the markets, donate 20% of profits to worthy causes, and educate members of the college community on investing and philanthropy.

Lev continues to serve as a Class Agent for the Williams College Alumni Fund. He received his B.A. from Williams College in Mathematics and Anthropology.

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Samuel ("Tony") L. Milbank


Tony, a New York resident, is an Advisor to Cypress Capital Group and is the Founder and CIO of Milbank Capital Management, a wealth management advisory firm in NY.

Tony managed four endowments over the past 20 years as a complement to a 23-year career at Salomon Brothers and Lehman Brothers where he worked with official institutions globally on the investment and risk management of their foreign exchange reserve assets. He is Chairman of the Board of the Milbank Memorial Fund, Treasurer of the Memton Fund, Treasurer of the International Center of Photography, Treasurer of All Souls Church and former President of the Union Club of New York.

Tony received his Master of Business Administration degree from the Amos Tuck School at Dartmouth and Bachelor of Science degree from Columbia University.

Michael Yuen


Mr. Yuen, a Silicon Valley resident, is an Advisor to Cypress Capital Group and is a private investor.

Previously, Mr. Yuen spent 12 years with SPO Partners, an investment partnership managing over $7 billion of capital, serving as a partner for the last eight years. He led the firm’s investments in wireless telephony towers, offshore drilling rigs, and oil & gas producers. Mr. Yuen was also involved with the firm’s acquisition of 17 luxury hotels and two hotel management companies valued at $1.7 billion. Earlier in his career, he was with McKinsey & Company.

Mr. Yuen currently serves on the Making Waves Foundation Board of Directors, the Menlo School Board of Trustees, and the Rice University School of Humanities Advisory Board. Previously he served on the Stanford Graduate School of Business Management Board, the Harvard University China Advisory Group, and the UCSF Foundation Investment Committee.

Mr. Yuen received his M.B.A. from Stanford University Graduate School of Business, a M.A. from Harvard University, and a B.A. from Rice University.