Prior to joining K&L Gates, Mr. Fross was Deputy General Counsel and Senior Vice President for Strategic Initiatives with Fidelity Management & Research Company and Assistant Secretary of the Fidelity Group of Funds. Mr. Fross held several additional positions at Fidelity, including four years as Deputy General Counsel and Senior Vice President to the Legal Product Management division, during which time he was responsible for all registration statement filings for the Fidelity Funds. From 1998 to 2001, Mr. Fross was General Counsel and Senior Vice President for Fidelity International Limited, where he supervised Fidelity's legal, compliance and administrative staff located in Europe, Asia and Bermuda. At various times, Mr. Fross supported Fidelity’s transfer agency, fund accounting, institutional distribution, Canadian and Latin American businesses. In 2002 to 2004, Mr. Fross was the Senior Vice President – Strategic Initiatives of Fidelity Brokerage Company where he was responsible for initiating Fidelity’s strategy for retail distribution of fixed income securities.
Mr. Fross is also a co-inventor of a business method patent related to active ETFs. The patent covers technology for an ETF to invest in an actively managed mutual fund and for the ETF sponsor to create a creation and redemption basket that approximates the holdings, risks and return characteristics of the mutual fund without disclosing its entire portfolio.