Andria van der Merwe

Managing Director

Dr. Andria van der Merwe has fifteen years of economic consulting experience specializing in antitrust, securities, and financial regulation.

Dr. Andria van der Merwe is an economist specializing in securities, litigation, antitrust and competition, and complex financial market disputes. She has testified in matters involving credit default swap hedging strategies and cryptocurrency futures markets. She has provided expert testimony in matters relating to credit, commodities and cryptocurrencies, derivative trading, and hedging.

Dr. van der Merwe has led engagements involving allegations of market manipulation, anticompetitive conduct, collusion, and the classification of digital assets under federal and state securities laws. Her work applies economic, statistical, and econometric analyses to assess liability, market efficiency, price impact, class certification, and damages in complex litigation, arbitration, and regulatory investigations.

Dr. van der Merwe is an adjunct associate professor of finance at the University of Chicago Booth School of Business. Before joining BRG, she was executive vice president at a leading economic consulting firm. She previously served as director of portfolio management at the Federal Home Loan Bank of Chicago.

Dr. van der Merwe’s research has been published in internationally renowned journals on topics including complex mathematical algorithms to extract information from digital signatures and economic analysis of cryptocurrency. She has presented to the American Bar Association, Swiss Finance Institute, 100 Women in Hedge Funds, and other industry organizations around the world.

Dr. van der Merwe wrote Market Liquidity Risk: Implications for Asset Pricing, Risk Management and Financial Regulation (Palgrave Macmillan, 2015) and coauthored Credit Default Swaps: Mechanics and Empirical Evidence on Benefits, Costs, and Inter-Market Relations (Palgrave Macmillan, 2018).

Employment History

Compass Lexecon
Executive vice president, 2009–2026

Federal Home Loan Bank of Chicago
Director, Financial Markets Trading, 2003–2008

Andrew Corporation
Engineer, Advanced Research and Development, 2000–2003

The Ohio State University
Graduate research assistant, Electro Science Laboratory, 1995–1999