About
Andrew Cubria is Vice President at Penserra Securities LLC, based in Chicago, Illinois, where he specializes in public finance investment banking and capital markets. In his current role, he leads complex financings, including structuring and executing investment-grade debt, municipal securities, and structured finance transactions for a variety of clients, including educational institutions and municipal bodies.
His expertise covers public sector finance, debt capital markets, and financial analysis, with a notable track record structuring deals exceeding $975 million at previous roles. Prior to joining Penserra in 2019, Andrew was Vice President at Cabrera Capital Markets and Assistant Vice President at Estrada Hinojosa, gaining extensive experience in municipal finance and advisory services.
Andrew holds an MBA in Finance and Strategy from DePaul University and a Bachelor of Science in Finance from Arizona State University. He is FINRA-certified in Series 7, 52, 53, and 63, underpinning his expertise in securities markets and transaction structuring. His industry contributions include facilitation of significant access to capital for public sector projects and the development of analytical frameworks for municipal finance transactions.
Career History
| Organization | Role | Date Range | Details |
|---|---|---|---|
| Penserra | Vice President | Feb 2019 to Present | — |
| Cabrera Capital Markets, LLC | Vice President | Apr 2016 to Oct 2018 | — |
| Estrada | Assistant Vice President | Feb 2012 to Apr 2016 | * Executed over $12.617 billion in transactions for State of Illinois, City of Chicago, Chicago Public Schools, Cook County, and Chicago Transit Authority, including fixed tax-exempt, taxable, and var... |
| Cook County | Financial Research Analyst | Mar 2011 to Jan 2012 | * Worked under the President’s Office in the Bureau of Finance reporting directly to the Chief Financial Officer of Cook County
* Executed a $612.4 million restructuring transaction to create upfront ... |
| Depaul University | Graduate Assistant, Department of Accountancy | May 2010 to Nov 2010 | Conducted academic research for professors within the School of Accountancy. |
| A.c Advisory | Analyst | Jun 2007 to Sep 2009 | — |
| Hutchinson, Shockey, Erley & Co. | Analyst | Sep 2006 to Jun 2007 | * Priced, structured, researched and analyzed municipal bonds for state and local governments throughout Illinois
* Trained in Munex to monitor cost-effective refundings and to structure bonds for inv... |
| Southwestern Advantage | Student Manager | Feb 2003 to Apr 2005 | * Door-to-door summer salesman in 2003 and 2004, making $17,160 and $27,600, respectively (61% increase)
* Trained, managed and motivated 15 salespersons for direct sales.
* Attended over 100 hours of... |
Education
DePaul University
Master Of Business Administration, Finance
2009 — 2010
Arizona State University
Bachelor Of Science, Finance
2002 — 2006
Deerfield High School
1998 — 2002
Others at Penserra Capital Management LLC (8)
| Name | Role | Location |
|---|---|---|
A Amber Schwartz | Senior Vice President | Houston, TX , United States |
E Ernesto Tong | Managing Director, Portfolio Manager | San Francisco, CA , United States |
F Francisco Ghiglino | Senior Vice President | New York, NY , United States |
 | Senior Vice President | Chicago, IL , United States |
 | Vice President - ETF Portfolio Manager | CA , United States |
K Kelly Harris | Vice President | Walnut Creek, CA , United States |
 | Managing Director | Chicago, IL , United States |
 | Junior Portfolio Manager | CA , United States |