Andrew P. Cross
Partner
- T:
- +1 412 288 2614 (Pittsburgh)
- F:
- +1 412 288 3063 (Pittsburgh)
- E:
- across@reedsmith.com
- Vcard
Andrew is a member of the Financial Industry Group and is a Team Leader for the Derivatives & Structured Products Group. As a JD/MBA 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 Reed Smith's 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) with respect to their use of derivatives and other sophisticated financial instruments. Andrew routinely conducts specialized training sessions for financial institutions and corporations with respect to the documentation of derivatives under a variety of master agreements (e.g., ISDA Master, FEOMA, IFEMA, MSFTA).
Representative Engagements
- Advise diverse client base with respect to ISDA negotiations and structuring of transactions across all asset classes – rates, FX, equities, credit and commodities
- Counsel a myriad of significant derivative trade counterparties and service providers in the Lehman Brothers bankruptcy proceeding
- Created manuals and business plans to enable financial institution and investment adviser clients to respond rapidly to the bankruptcy of a trade counterparty
- Developed insider trading compliance program for a financial institution's CDS trading activity
- Developed comprehensive compliance manual to enable a non-U.S. metals trading firm to enter and operate in U.S. derivatives and physical metals market
- Regularly advise non-U.S. commodity trading firms with respect to regulatory issues arising in connection with U.S. based derivatives trading programs
- Advised OTC derivative trade affirmation service provider with respect to U.S. regulatory issues arising under U.S. securities and commodities laws
Publications
- "Derivatives Market Regulatory Reform: Where To Now?," Law 360, December 21, 2009
- "U.S. Bankruptcy Code Safe Harbor Protections for Physically Settled Commodity Forward Contracts" Commercial Restructuring & Bankruptcy Alert Vol. V, No. 2 (April 2009) with Andrea Pincus
- "The PWG's Agreement on Private Pools of Capital: Guidelines for the Hedge Fund Industry and a Source of Many Questions," Futures & Derivatives Law Report, May 2007, Vol. 27, No. 5
- "The PWG's Agreement on Private Pools of Capital: A Review and Inquiries," Lipper HedgeWorld, March 21, 2007
- “Interagency Statement on Sound Practices Concerning Complex Structured Finance Transactions,” The Banking Law Journal, September 2004
- "U.S. Regulators Release Joint Rule Proposal Regarding Futures Contracts on Debt Indexes and Securities,” The Journal of Financial Regulation and Compliance, December 2006
Experience
| 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 |
| — | While attending college, was a licensed life and health insurance agent (Commonwealth of Pennsylvania), and provided a variety of financial planning services through Northwestern Mutual Life Insurance Company |
Legal Education
| 1998 | J.D., University of Pittsburgh School of Law |
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Graduate Education
| 2008 | M.A., University of Balamand, Applied Orthodox Theology |
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| 1998 | M.B.A., University of Pittsburgh - Katz School of Business During graduate school, Andrew interned with PricewaterhouseCoopers, the Pennsylvania Securities Commission and the U.S. Court of Appeals for the Third Circuit. |
Undergraduate Education
| 1995 | B.A., summa cum laude, Washington & Jefferson College, History with a concentration in Russian Language Elected to Phi Beta Kappa |
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Professional Admissions / Qualifications
- Pennsylvania
Interests
Andrew is active with several charities including International Orthodox Christian Charities and St. George Antiochian Orthodox Church in Pittsburgh.