Banco Popular de Puerto Rico

Rick Kolman is a 25-year veteran of the municipal securities industry and a long-time senior leader of Goldman, Sachs & Co.’s Municipal Bond Department in New York City from 1981 through 2007, and has broad experience in municipal securities underwriting, sales and trading.Rick joined U.S. Bancorp in May 2010 and leads U.S. Bancorp’s Municipal Securities platform, having primary responsibility for developing all aspects of the firm’s municipal client origination, trading and sales functions.Rick has also served on the Executive Committee of the Securities Industry and Financial Markets Association (“SIFMA”) from 2000 through 2007, as well as serving on the Municipal Securities Rulemaking Board (“MSRB”).� Since departing Goldman in 2007, Rick has been an independent consultant and served as Executive Vice Chairman for Municipal and Infrastructure Assurance Corporation (“MIAC”), a de novo financial guaranty insurance company sponsored by Macquarie Bank, focused on the public finance and infrastructure sectors.

Timothy J. Reimers, Esq. is a Partner in QUATEMAN LLP, a Los Angeles business law firm founded in 1989. He attended the University of California, Riverside where he received his B.A. in Political Science. He received his J.D. from the University of Connecticut School of Law in 2001 and is a member of the California State Bar.Mr. Reimers’ expertise is in the fields of municipal finance, corporate finance, real estate transactions and workouts/litigation.Mr. Reimers is a team leader in QUATEMAN LLP’s public finance practice and has served as bond counsel, disclosure counsel, underwriter’s counsel and issuer’s counsel in a variety of public finance transactions for ports, airports, water and power districts, cities, counties, the State of California and various State agencies. Mr. Reimers has been involved in virtually every type of real estate matter. On behalf of public entities such as Alameda Corridor Transportation Authority and Metropolitan Water District of Southern California, he has handled surplus property disposition, joint use documents involving other public agencies and road dedication and construction documents and assisted Metropolitan in resolving and negotiating significant title issues with respect to the disposition of environmentally sensitive property.Mr. Reimers has successfully resolved numerous disputes on behalf of the Federal Deposit Insurance Corporation in its role as Receiver for certain failed banks as well advises the FDIC on matters involving troubled loans and work-outs.

Howard Cure is the Director of municipal bond credit research for Evercore Wealth Management. �He joined the firm in 2009 and has over 30 years of experience in analyzing municipal securities.�Prior to joining Evercore, Mr. Cure was a Director at Financial Guaranty Insurance Company, a Vice President with the investment banking firm of Prager & Co. and served as a Vice President at Moody’s Investors Service. �Mr. Cure began his career as an economist with the New York State Senate Finance Committee. He has also written topical credit pieces and has been quoted in such publications as The Wall Street Journal, Bloomberg News/Business Week, Barron’s, Reuters, The Financial Times and The Bond Buyer and appeared on CNBC, National Public Radio and Bloomberg News. �Mr. Cure received a bachelors’ degree in Economics from the State University of New York at Albany in 1982 and he earned a joint masters’ degree in Public Affairs from the Lyndon B. Johnson School of Public Affairs and Business from the McCombs School of Business in 1985.

Fred Silva is California Forward's senior fiscal policy advisor. Having spent 40 years in the development of public policy in state and local government, Fred is an expert in state and local finance, government operations, and the history of the state and local fiscal relationship in California. Prior to working with California Forward, Fred was a fiscal policy advisor to New California Network and previously senior advisor on governmental relations for the Public Policy Institute of California. From 1994 to 1996, Fred was executive secretary to the California Constitution Revision Commission, where he directed the staff work and wrote the final report of the Commission. He was chief fiscal advisor to the President Pro Tempore of the California State Senate from 1981 to 1994. He also was chief consultant to the Senate Local Government Committee from 1975 to 1981. He has authored nearly two dozen publications and commentaries regarding government fiscal issues in California. Fred holds a bachelor's degree in public administration from San Jose State University.

A 10+-year Employee of Southwest, Michael joined the Company as a Properties Manager, where he worked for 4 years prior to joining the General Counsel Department.  Michael’s last major undertaking in Properties was the management of Southwest’s startup efforts at PHL in 2004.  In his role as a corporate transactional attorney at Southwest, Michael has worked with his primary inhouse clients (the Properties and Facilities Departments) on the following representative projects/transactions: EWR Slots & Gates.  Most recently, the negotiation/drafting of the operative documents providing Southwest access to the slots and facilities necessary to commence service at EWR in March, 2011. Love Field Modernization Program (“LFMP”)/Wright Amendment Reform Act (“WARA”).  Completion of all implementation documents flowing from the WARA, including ongoing negotiations with the City of Dallas and other parties relating to development/construction of the $520m LFMP.  Michael also served on Southwest’s negotiating team during the negotiation of the “Five-Party Agreement” (to seek the Wright Amendment’s repeal in the U.S. Congress).   St. Joe Company/ECP Strategic Alliance.  Worked with St. Joe on the primary Strategic Alliance Agreement for Air Service, which guarantees Southwest’s breakeven performance at ECP for the first 3 years of service.  Also worked with the local tourism development councils to secure hotel bed tax revenue to help fund Southwest’s Northwest Florida marketing efforts. MDW Privatization.  Worked with the City of Chicago on the negotiation/drafting of the operative documents used in the bidding process to privatize MDW (transaction wasn’t consummated due to meltdown of credit markets but will work with Properties on any renewed privatization efforts). Overall, Michael works with Southwest’s Properties and Facilities Departments to negotiate airport lease agreements and coordinate various construction projects, respectively.  Michael’s inhouse client list also includes the Communications Department (Public Relations/Employee Communications/Emergency Response), and he serves as a member of Southwest’s Go-Team.  Michael represents the Legal Department on Southwest’s Airport Planning Committee.

Kurt E. Forsgren is the Managing Director and head of Standard & Poor�s office in Boston. In his general management role, Kurt oversees Standard & Poor�s business activities in New England, Puerto Rico and the USVI for the Corporate and Government sectors. Kurt is also a member of Standard & Poor�s Key Investor Program.Kurt�s expertise and experience at Standard & Poor�s includes Public Finance and Project Finance, encompassing public utilities, higher education, and a variety of special tax-backed areas and non-recourse financings. His most recent experience and primary focus has been as a Managing Director and Team Leader in the transportation infrastructure sectors of airports, aviation special facility projects, surface and toll facilities, mass transit, maritime ports and public-private partnerships.Before joining Standard & Poor�s in 1992, Kurt was a management consultant with KPMG/Leigh Fisher Associates. In this role, he worked directly with United States airport operators to support aviation infrastructure financing and feasibility analysis.Kurt is a member of the National Federation of Municipal Analysts, Boston Municipal Analyst Forum and the Boston Security Analysts Society.Kurt earned a bachelor�s degree in Economics and Political Science from theUniversity ofMaine and a master of government administration from the Fels Institute of Government at theUniversity ofPennsylvania.

Michael Likosky directs the Center on Law & Public Finance and is Senior Fellow at New York University’s Institute for Public Knowledge. He holds a doctorate from the Oxford University Law Faculty. Likosky has written five books on infrastructure, energy, as well as manufacturing and high technology growth strategies, including three with Cambridge University Press. His most recent book, Obama's Bank: Financing a Durable New Deal, looks at the proposed National Infrastructure Bank and P3s.Likosky has held visiting posts and fellowships at Oxford University, New York University School of Law, Fordham Law School, University of Wisconsin Law School, and the University of Bonn. He has been a tenured professor of International Economic Law at the University of London Law School. Likosky is an Expert to the United Nations and the Organization for Economic Cooperation and Development on P3s. He is a legal expert to the United Nations World Investment Reports and World Development Reports on infrastructure, oil, gas, minerals, and clean energy P3s. He advises federal and state officials, leading financial institutions, major broadcasters such as ABC, CBS, ESPN, and NBC, and intergovernmental organizations. His work is supported by the Rockefeller Foundation, Ford Foundation, Markle Foundation, Institute for a New Reflection on Governance, World Affairs and the Global Economy, and also the Arts and Humanities Research Council. He appears regularly in the New York Times, Wall Street Journal, Bond Buyer, Associated Press, CNN Money, American Public Radio, and other leading outlets.

Ms. Mullins joined JPMorgan in June 2001 and has 19 years experience in the municipal finance industry focused primarily on issuers in the Northeast and in the transportation sector. Ms. Mullins most recently spent two years as an institutional client advisor for J.P. Morgan Asset Management where she advised corporate and public pension plan clients on investment strategy. Prior to working in asset management, Ms. Mullins’ was co-head of J. P. Morgan tax-exempt Transportation Finance Group where she lead airport financings for the Cities of Atlanta, Cleveland, Dallas-Fort Worth, Chicago, Denver, Philadelphia and many others. Ms. Mullins served as lead banker on the industry’s first long-term stand-alone passenger facility charge-secured bond issue for Little Rock, AR National Airport and was selected by U.S. Transportation Security Agency (“TSA” a division of the U.S. Department of Homeland Security) to serve as part of working group composed of industry leaders to study financing of airport security requirements with final report submitted to Congress during 2006 federal fiscal year. Ms. Mullins has also worked on a number of new money and refunding issues for the City of New York, State of New York and the New York Local Government Assistance Corporation. Ms. Mullins holds a B.S. in Engineering from the University of Pennsylvania and a M.B.A from the University of Pennsylvania’s Wharton School of Business.