Andrew Taddei is a managing director in the New York office and is the Global Practice Leader of the Complex Asset Solutions service line. He has more than two decades of securities industry and corporate finance experience, specializing in financial management strategy for regulated entities including banks, thrifts, insurers and securities firms.
As financial advisor to the Lehman Bankruptcy Examiner, using partial information, Andrew reverse engineered Lehman’s last two years of risk-taking and risk management activities, and led the investigation of Lehman’s use of “Repo 105” secured financing transactions. Prior to joining Duff & Phelps. he marketed quantitative hedge fund strategies, including actively managed futures-based enhanced index funds and other managed financial and commodity futures funds of a well known trader. Additionally, he has advised major investment banks in the development of futures index-based alternatives to U.S. TIPs and corporate CPI-linked notes.
Earlier in his career, as a senior managing director of Bear Stearns, Andrew developed and distributed funding agreement-backed securities and bank Capital Securities, designed the Bear Stearns capital structuring model (a probabilistic portfolio approach to capital structure analysis for corporate issuers), developed regulatory capital-efficient securitization and hedging strategies for insurance companies and commercial banks utilizing the entire range of traditional securitization and synthetic technology, and created the Bear Stearns' depository institution risk-based capital model. Andrew was also responsible for fixed income regulatory, accounting and reporting research at Bear Stearns—monitoring regulatory and reporting issues for the fixed income markets, developing attendant portfolio and balance sheet management strategies and publishing related research. He participated on behalf of Bear Stearns in formal and informal comment processes, advising federal banking regulators and accounting standard-setters on capital markets issues. In this capacity he contributed to Bond Market Association, ISDA, and American and European Securitization Forum initiatives.
Published in the Financial Managers Statement, the Handbook of Mortgage-Backed Securities, and The Financier, Andrew is a contributor to and a member of the Advisory Board of The Securitization Conduit, an international publication focusing on the analysis, design and execution of securitization transactions.
Andrew received his B.A. in psychology from New York University and an M.B.A. in finance from Bernard Baruch College of the City University of New York. He is an associate member of the Association of Certified Fraud Examiners and a member of the Advisory Committee to the Business Department at Citytech, CUNY.