Banco Popular de Puerto Rico

Mr. Shelmire has a total of 20 years of public finance experience. He originally began his career in public finance at BofA Merrill Lynch in 1991 at its New York headquarters. Mr. Shelmire’s higher education senior managed experience includes over $1.8 billion for State of Texas public higher-ed issuers. His experience also includes over $400 million of senior managed new issues for private colleges and universities. In addition to his higher education finance experience, Mr. Shelmire has executed a variety of transactions including fixed rate bonds, commercial paper, VRDO's, escrow restructurings, fixed payer and fixed receiver swaps, knockout swaptions and basis swaps. Mr. Shelmire holds the Series 7, Series 63 and Series 53 licenses, and has a BS in Finance from the University of Virginia.

Mr. Vandergriff is an attorney and private businessman specializing in business development and legislative issues. His current civic and community activities include serving as the chairman of the Planning and Zoning Commission for the City of Arlington and most recently appointed as chair of the newly created Texas Department of Motor Vehicles. Mr. Vandergriff formerly served as Vice President of V.T., Inc. and Automotive Investment Group, the largest private retail automotive group in the United States. Mr. Vandergriff was involved as an owner, dealer and executive manager in the automobile industry for more than 25 years. Mr. Vandergriff and his family have owned and operated automobile dealerships for more than 80 years in the Dallas-Fort Worth region.Mr. Vandergriff attended the University of Southern California, where he received a degree from the School of Public Administration in Public Affairs. Mr. Vandergriff received his law degree from Southern Methodist University in Dallas.

Mr. Villaseñor has been involved over the past 10 years in over $2.5 billion of senior managed refunding and new money general obligation, revenue, unlimited tax, variable rate, and taxable BAB issues. Various School District issuers that Mr. Villaseñor has worked with include: San Antonio ISD, Northside ISD, Harlandale ISD, Ingleside ISD, Monte Alto ISD, Socorro ISD, Edgewood ISD, Corpus Christi ISD, Aldine ISD, Houston ISD, Dallas ISD, College Station ISD, Calallen ISD, Kenedy County-Wide Common SD, Woodsboro ISD, Dilley ISD, Pawnee ISD, Seguin ISD, El Paso ISD, Ysleta ISD, and Southside ISD, His responsibilities include on-going investment banking services in the State of Texas to help issuers manage tax-rates and generate debt service savings ideas during these difficult times . Mr. Villaseñor received his Bachelors of Arts degree in Mathematics from the University of Texas at Austin and holds FINRA Series 7 and 66 licenses.

Mr. Victor has been a member of the professional staff of Development Specialists, Inc. ("DSI"), since 1988. While with DSI, Mr. Victor has had the opportunity to administer and oversee the operations of a number of manufacturing/processing companies in a variety of circumstances including Chapter 7 Bankruptcy, Chapter 11 Bankruptcy, workout situations, general consulting engagements, and through a variety of out-of-Court liquidation scenarios. As a result of the instability of the technology sector, Mr. Victor has spent a significant amount of time involved with workout situations and bankruptcies in the telecommunications and dot-com arenas. His engagements have spanned these industries, handling such areas as broadband capacity, co-location facilities, DSL providers, equipment manufacturers, retail services and telecom accounts receivable factoring. Since joining Development Specialists, Mr. Victor has assumed the operating responsibility and/or CFO functions for a publicly-traded recreational vehicle manufacturer, a publicly-traded specialty petroleum product refinery, and at least three mortgage servicing companies. During his tenure at DSI, Mr. Victor has provided interim management services to one of the largest 7-11 franchisees in the country and to the market's largest manufacturer and distributor of nail polishes and artificial fingernails. Additionally, Mr. Victor accepted a post-bankruptcy/receivership role as CFO for an international multi-debtor food diverter that was involved in Southern Florida's largest Ponzi fraud scheme. His consulting experience includes numerous telecommunications-related entities, a myriad of dot-coms, several printing companies, a residential home manufacturer, a bank, and a luxury resort, as well as various general contractors and retailers. Within the scope of Mr. Victor’s engagements, he has managed and been responsible for the sale of numerous debtors, including the debtor’s assets and/or its related interests. These include the sale of both public and private companies and range in scope from the sale of a debtor’s stock to the sale of its assets. Items sold have varied from business units and site locations, down to individual pieces of machinery and equipment. In the public sector, Mr. Victor has been involved with the sale of Colo.com, Pacific Gateway Exchange, Inc., Calumet Industries, Inc., and Renaissance Cosmetics, Inc. In addition, Mr. Victor has managed the sale of such diverse interests as mortgage brokers, mortgage portfolios, candy manufacturers, plastic injection molders, chemical companies, and propane distributors. Mr. Victor's strengths include operations, management, financial analysis, budgeting, business valuations, marketing services, and resource management. His areas of expertise include telecommunications, manufacturing, real estate, and financial services.Mr. Victor received a Bachelor of Science degree in investment banking and real estate from the University of Illinois and a Master’s degree in Business Administration from the University of Southern California.

Rosemary Becchi advocates on behalf of companies on a broad array of regulatory and legislative issues, with an emphasis on tax and financial services matters. Using her combination of public and private sector experience, Ms. Becchi helps clients further their tax and financial services policy initiatives by providing strategic legal and business counsel, fostering critical relationships, and implementing successful long-term policy strategies.Ms. Becchi began her career in the Office of the Chief Counsel at the Internal Revenue Service, where she developed and drafted rulings and regulations on national tax policy. She then served as tax counsel on the Majority Staff of the Senate Finance Committee where she played a key role in developing legislation at the committee, including legislation on corporate and income tax accounting issues, the R&D tax credit, methods of accounting, depreciation, education savings and charitable giving. After leaving Capitol Hill, Ms. Becchi worked at Arthur Andersen’s Office of Federal Tax Services providing tax advice to corporate clients on complex tax transactions. Following that she joined Citigroup’s Federal Government Relations Division and was responsible for representing Citigroup on its federal and state corporate tax, international, corporate governance, accounting, and auditing issues. Ms. Becchi later joined Fidelity Investments where she directed all of Fidelity’s tax legislative and regulatory issues, including issues that impacted section 529 college savings plans, retirement and health savings, deferred compensation, and defined contribution plans. During her career, Ms. Becchi also served as a member of the Board of the Investment Committee for the Virginia College Savings Plan, where the committee oversaw the selection of investments options for the plan. Before joining Patton Boggs, she was president and founder of Becchi Consulting, where she advised businesses on operational, legal, legislative and regulatory matters.Professional Affiliations: Executive Director, Capital Area Reach Program Member and Past Chair, Tax Coalition

Dominic Frederico is President and Chief Executive Officer of Assured Guaranty Ltd., a position he has held since December 2003. During his tenure, Assured Guaranty became the leading provider of municipal bond insurance and financial guarantees. Assured Guaranty completed its initial public offering in 2004 under his leadership, and, in 2009, acquired the financial guaranty insurance company now named Assured Guaranty Municipal, thereby merging the only two monoline insurers to continue writing policies before, during and after the Great Recession.Mr. Frederico has supervised the operations of Assured Guaranty since its acquisition in 1999 by ACE Limited, where he was Vice Chairman, and also served as Chairman of ACE Financial Services, ACE INA and ACE USA. He worked at ACE for nine years prior to his post at Assured Guaranty, progressing to increasingly senior positions, including: President & CEO, ACE Bermuda; Chairman, President & CEO, ACE INA Holdings; and President & Chief Operating Officer, ACE Limited. He oversaw the successful acquisition and integration of the domestic and international property casualty operations acquired by ACE from CIGNA Corporation in July 1999 and the acquisition of Capital Re Corp., the predecessor company to Assured Guaranty, in December 1999.Prior to joining ACE, Mr. Frederico spent 13 years working for various subsidiaries of the American International Group.Mr. Frederico holds an M.B.A. in Finance and a B.S. from Drexel University, as well as a Certified Public Accountant�s designation in the State of Pennsylvania. In addition to his professional responsibilities, he is a member of the American Institute of Certified Public Accountants and the Pennsylvania Institute of Certified Public Accountants.�