Banco Popular de Puerto Rico

James Reynolds, Jr. is co-founder, Chairman and Chief Executive Officer of Loop Capital Markets, a global investment banking and brokerage firm. James Reynolds, Jr. is responsible for overseeing all investment banking and institutional sales and trading activity at the firm. Loop Capital Markets has more than 100 professionals located in its Chicago headquarters as well as Baltimore, Charlotte, Cleveland, Colorado, Dallas, Detroit, West Palm Beach, Hartford, Houston, Indianapolis, Los Angeles, New Orleans, Newark, New York, Orlando, San Antonio, San Francisco, Tampa and Washington, DC. Loop Capital Markets is the largest minority-owned investment banking firm in the United States.Mr. Reynolds has worked in the financial services industry for more than 25 years. Early in his career, Mr. Reynolds established and headed the Midwest Municipal Bond Sales Desk at PaineWebber in Chicago. Subsequently, Mr. Reynolds joined the Corporate and Institutional Client Group at Merrill Lynch where he managed the municipal sales team responsible for the distribution of all tax-exempt products to institutions in the Midwest. In 1997, Mr. Reynolds collaborated with Albert Grace to form Loop Capital Markets.At Loop Capital Markets, Mr. Reynolds’ influence has established an informal motto among the team of professionals: “to provide client service beyond expectations.” Loop Capital Markets serves clients in public finance, as well as globally in corporate finance, equity sales and trading, taxable and tax-exempt sales and trading. Mr. Reynolds strongly believes that successful executives have a responsibility to give back to the community. Mr. Reynolds participates as a board member of the Chicago Alliance to End Homelessness, Chicago United, Chicago Symphony Orchestra, The Lyric Opera of Chicago and The University of Chicago Hospitals. Additionally, Mr. Reynolds is Chairman of the board for the Chicago Urban League, a member of the Advisory Board of the Levy Institute/Kellogg School of Management at Northwestern University as well a member of the CFA Institute. In October of 2009, he was appointed by the Governor to the Economic Recovery Commission.Mr. Reynolds holds a Masters of Management in Finance from Northwestern University’s KelloggGraduate School of Management and a Bachelor of Arts in Political Science from the University ofWisconsin, La Crosse. Mr. Reynolds received his Chartered Financial Analyst designation from the AIMR in 1991. Mr.Reynolds holds series 7, 24, 53 and 63 licenses.

Henry L. Gardner has over 28 years of experience in local government. His more notable positions include serving as the City Manager and Redevelopment Agency Administrator of Oakland, California and, fulfilling the role of Senior Vice President and Manager of Public Finance of the Western Region for the investment-banking firm Donaldson, Lufkin & Jenrette. Mr. Gardner specializes in developing implementation strategies for restructuring government, downsizing organizations, and developing public-private partnerships and privatization. Other areas of consulting include revenue collections, expenditure reductions and budgetary controls. Mr. Gardner also provides assistance in the development of leadership skills of managers and supervisors to facilitate effective relations with subordinates. During a 12-year tenure as City Manager of Oakland, Mr. Gardner managed a budget in excess of $500 million and a workforce of 5,000 employees. He managed Oakland’s recovery from the massive earthquake damage of 1989 and the Oakland firestorm of 1991. He has also received a number of honors and awards including being named the Country’s most valuable City Manager by City and State Magazine; receipt of the National Forum for Black Public Administrators’ Marks of Excellence Award; inclusion as a delegate to the White House Conference on Library and Information Services; and selection as a fellow of the National Academy of Public Administration.He founded Gardner, Underwood & Bacon to provide municipal management and financial consulting services to states, cities, counties, schools and special districts. And, participated in the structuring of over 50 municipal bond financings totaling over $1.5 billion.

Anne Sullivan is Columbia University’s executive vice president for finance. In this role she oversees Columbia’s operating and capital budget, the Controller’s Office operations, Treasury operations, Purchasing, and Internal Audit activities at the University. Ms. Sullivan joined Columbia in 2007 from the Wharton School of the University of Pennsylvania, where she served as senior associate dean for finance and administration. In that capacity, she oversaw Wharton’s operating and capital budget, human resources, computing and facilities. Prior to joining the administration at Wharton, Ms. Sullivan served Columbia as assistant vice president for administrative planning and financial management, and in this capacity led a number of initiatives to improve financial reporting and controls for the University. Prior to her first appointment at Columbia, Ms. Sullivan was vice president for strategic development for Fathom Knowledge Network and was formerly a consultant in the financial services and health care practice unit of Booz Allen Hamilton, and a financial analyst in the investment banking division of Kidder, Peabody & Co. She has a bachelor’s degree from the University of Virginia, a master’s degree in public policy from the John F. Kennedy School of Government, and an M.B.A. from Harvard Business School.

Mike Craft is a research analyst in the Fixed Income Division of Fidelity Management & Research Company, the investment arm of Fidelity Investments , the largest mutual fund company in the United States, the No. 1 provider of workplace retirement savings plans and a leading online brokerage firm. Mr. Craft focuses on transportation, tobacco, resource recovery, and higher education sectors. Mr. Craft joined Fidelity Investments in August 1997 as a senior trader in the Fixed Income Division and a few months later, he assumed the role of head trader on the Municipal Bond desk. In October 2000, he became a portfolio manager and business manager for the Fixed Income Division, responsible for managing fixed income portfolios for high net worth individuals. In October 2001, Mr. Craft became a quantitative analyst for the Taxable Money Market desk. He assumed his current position in September 2002.Prior to joining Fidelity, Mr. Craft was municipal bond strategist, senior vice president of Fixed Income Research at Lehman Brothers. His responsibilities included researching and analyzing the municipal bond market, developing forecasts of market trends, and the Lehman Brother’s Municipal Bond Index. From 1987 to 1990, Mr. Craft was vice president in the Municipal Bond Department at Shearson Lehman Hutton. He was responsible for managing $11 billion commercial paper and floating rate note programs for large municipal bond issuers and marketing securities to the internal sales force and external investors. Mr. Craft began his career in financial services as an assistant trader at E.F. Hutton, responsible for administering $7 billion floating rate remarketing programs. Born in 1962, Mr. Craft received a bachelor of arts in economics and Russian studies at Amherst College in 1984 and an MBA in finance from Stern School of Business at New York University in 1994.

David Narefsky has had an active role in high-profile PPP transactions, with particular responsibility for governmental and regulatory aspects. He advised the Puerto Rico Public Private Partnerships Authority on the proposed long-term concession and lease of Luis Mu�oz Mar�n Airport in San Juan and the City of Chicago on the proposed long-term concession and lease of Midway Airport. He also advised the underwriters of the issuance of $400 million private activity bonds to finance a portion of the cost of construction of the Denver FasTracks Eagle P3 Project. This project was named 2010 North American Transport Deal of the Year by Project Finance Magazine and 2010 Regional Deal of the Year by The Bond Buyer. David was named a �Dealmaker of the Year� by the American Lawyer for his work on the Denver FasTracks financing. David led our representation of WVB East End Partners, the winning bidder for the East End Crossing in Louisville/Southern Indiana, and is leading our representation of a short-listed proposer for the Portsmouth Bypass in Ohio. He is also advising the Texas Department of Transportation on the implementation of innovative financing strategy for Grand Parkway Toll Road in the Houston metro area, including successful closing of an $850 million TIFIA loan. Prior transactions include advising the City of Chicago on the $1.83 billion concession and lease of the Chicago Skyway Toll Bridge and on the $563 million concession and lease of the more than 9,000 space Chicago downtown underground parking garage system; Chambers USA 2007 referred to David as �one of the best public-sector lawyers in Chicago.� A 1979 graduate of the University of Michigan Law School, he served as Deputy Corporation Counsel for the City of Chicago, where he managed the transactional and commercial legal work of the City, before joining Mayer Brown in 1989. His practice at Mayer Brown has included the representation of Chicago-area governments in the financing of convention center and sport stadium facilities, mass transportation projects and representation in public finance offerings.

Greg co-heads the national infrastructure practice as well as the Municipal Finance Department's transportation effort. He joined Goldman Sachs in 2004 as a managing director. Prior to joining the firm, Greg worked atCitigroup for 22 years, where he co-headedthe firm’s infrastructure group. In this role,he was responsible for all infrastructure andsurface transportation efforts. Greg has alsodone extensive work in project finance,waste-to energy and sports advisory andfacility financings. Three of his client’sdeals have been selected as InstitutionalInvestor’s "Deal of the Year."Greg earned an AB in Economics fromHarvard College in 1983.

Greg Hulsizer is Chief Executive Officer of South Bay Expressway, L.P. (SBX), a 10 mile public-private partnership toll road in San Diego, California. As CEO, Greg led the construction and start-up of San Diego’s first toll road, which opened to traffic in November 2007. Greg’s toll industry career includes previous positions as Chief Executive Officer of Cofiroute U.S.A., a leading provider of operations and technical services to the toll industry and as General Manager of California Private Transportation Company, L.P., builder and operator of the SR91 Express Lanes in Orange County, California. In addition to his experience in developing and operating California’s two public-private toll road projects, Greg’s career also includes 18 years in public administration; serving as City Manager, Deputy City Manager Director of Community Development, Public Works and Redevelopment and other positions for three Southern California cities.