Andrew P. Cross

Partner

Education

  • University of Pittsburgh School of Law, 1998, J.D.
  • University of Balamand, 2008, M.A., Applied Orthodox Theology
  • University of Pittsburgh Graduate School of Business, 1998, MBA, During graduate school, Andrew interned with PricewaterhouseCoopers, the Pennsylvania Securities Commission and the U.S. Court of Appeals for the Third Circuit
  • Washington & Jefferson College, 1995, B.A., summa cum laude, History with a concentration in Russian Language, Elected to Phi Beta Kappa

Professional Admissions / Qualifications

  • Pennsylvania

Andrew is a member of the Financial Industry Group, a Team Leader for the Derivatives & Structured Products Group, and the Editor-in-Chief of The Swap Report, a blog that discusses regulatory and transactional issues related to derivatives.  Andrew is part of a team of lawyers who focus on Financial Industry Group counseling registered investment companies and their advisers with respect to issues arising under the Investment Company Act of 1940, the Investment Advisers Act of 1940, and the Commodity Exchange Act.

As a J.D./M.B.A. with extensive experience as both in-house counsel and a private practice attorney, Andrew brings a multi-disciplinary approach to his capital markets and investment management practice. Andrew currently counsels Financial Industry Group clients on a wide variety of business, corporate governance, regulatory and transactional matters with an emphasis on the use of derivatives by investment advisors and their clients. He also routinely represents and counsels firm clients in a variety of other industries (including the financial services, steel, supply chain management, commodities, commodities trading, and energy industries) in their use of derivatives and other sophisticated financial instruments.

Andrew conducts specialized training sessions for financial institutions and corporations with respect to the effect of Dodd-Frank derivatives reform on business activities, as well as the documentation of derivatives under a variety of master agreements (e.g., ISDA Master, FEOMA, IFEMA, MSFTA).

DerivAlert has designated Andrew among its Who's Who in OTC Derivatives Reform as a leading attorney participating in the OTC derivatives regulatory debate.

Employment History

  • 2002 - Reed Smith
  • 2001 - Federated Investors, Inc. (a Pittsburgh-based mutual fund and investment advisory firm) - In-house Counsel
    • Served as primary fund attorney to more than 30 mutual funds in the Federated complex
  • Williams Coulson LLC - Corporate and Tax Attorney
  • Houston Harbaugh, P.C. - Corporate and Tax Attorney

Interests

Andrew is active with several charities including International Orthodox Christian Charities and St. George Antiochian Orthodox Church in Pittsburgh.

Notable Quotes

  • "Swaps Between Company Affiliates Exempted Under CFTC Proposal," Bloomberg News, 17 August 2012
  • "Clock Now Ticks for Swaps Compliance," Money Management Executive, 30 July 2012 "Global Swaps Rules Will Protect US Taxpayers: CFTC Chief," Law360, 21 May 2012
  • "What MF Global Should Teach Fund Managers," Money Management Executive, December 12, 2011 and Securities Technology Monitor, 9 December 2011
  • "SEFconII Gathering Aims to Educate Regulators as Swap Rules Evolve," Reuters, 28 September 2011
  • "Lawyers Raise Red Flag on SEC's Concept Release," Ignites, 15 September 2011
  • "Should Fund Managers Pay For Clearing Agents?" Money Management Executive,  5 September 2011 and Securities Technology Monitor, 2 September 2011
  • "Regulators Face Rough Road on Stalled Derivatives Rules," Law360, 27 June 2011
  • "CFTC Delays Dodd Frank Swap Regs Until December," Law360, 14 June 2011
  • "CDS options market multiplies alongside questions," FT Alphaville, 28 March 2011