Banco Popular de Puerto Rico

Elisse B. Walter was appointed by President George W. Bush to the U.S. Securities and Exchange Commission and was sworn in on July 9, 2008. Under designation by President Barack Obama, she served as Acting Chairman during January 2009. Prior to her appointment as an SEC Commissioner, Ms. Walter served as Senior Executive Vice President, Regulatory Policy & Programs, for FINRA. She held the same position at NASD before its 2007 consolidation with NYSE Member Regulation. Ms. Walter coordinated policy issues across FINRA and oversaw a number of departments including Investment Company Regulation, Member Education and Training, Investor Education and Emerging Regulatory Issues. She also served on the Board of Directors of the FINRA Investor Education Foundation. Prior to joining NASD, Ms. Walter served as the General Counsel of the Commodity Futures Trading Commission. Before joining the CFTC in 1994, Ms. Walter was the Deputy Director of the Division of Corporation Finance of the Securities and Exchange Commission. She served on the SEC's staff beginning in 1977, both in that Division and in the Office of the General Counsel. Before joining the SEC, Ms. Walter was an attorney with a private law firm. Ms. Walter is a member of the Academy of Women Achievers of the YWCA of the City of New York and the inaugural class of the ABA's DirectWomen Institute. She also has received, among other honors, the Presidential Rank Award (Distinguished), the SEC Chairman's Award for Excellence, the SEC's Distinguished Service Award, and the Federal Bar Association's Philip Loomis and Manuel F. Cohen Younger Lawyer Awards. She graduated from Yale University with a B.A., cum laude, in mathematics and received her J.D. degree, cum laude, from Harvard Law School.

Dr. Jeffrey Smith, County Executive of Santa Clara County, has the unique distinction of having served as a doctor, lawyer, an elected official, and an executive manager. Jeff holds a Juris Doctor degree, and is a member of the California State Bar. He earned his Medical Doctor degree in 1980, and certification by the American Board of Family Medicine in 1985. Jeff served as Chief Medical Officer and County Supervisor in Contra Costa County. Jeff is committed to providing quality services to the residents of Santa Clara County and plays an active role shaping policies that lead to better governance.

José Luis Moscovich has been Executive Director of the San Francisco County Transportation Authority for over nine years. He has nearly thirty years’ experience in transportation planning and engineering, including project development and oversight, environmental studies, long-range plan development, and a number of assignments in the private sector as a strategic planning consultant, and as infrastructure development advisor to Latin American cities. As Executive Director of the Authority, he spearheaded the development of the 30-year Countywide Transportation Plan for San Francisco, adopted in 2004, as well as the effort to reauthorize the local transportation sales tax, which culminated in November 2003 with a 75% vote on a new 30-year Expenditure Plan. Under his leadership, the Authority has achieved major milestones including development of the city’s activity-based travel demand model, preparation of a 30-year Strategic Plan for transportation investment in the city, completion of the environmental studies and design for the replacement of Doyle Drive (the south access to the Golden Gate Bridge,) completion of the award-winning Octavia Boulevard project, to replace the double-decker portion of the Central Freeway, completion of two feasibility studies for implementation of a bus rapid transit network in San Francisco, development of a multimodal level of service measure, and initiation of a congestion pricing study and a parking pricing study for San Francisco.In 2007, he spearheaded the effort that resulted in a $405 M commitment from the California Transportation Commission to the Doyle Drive Replacement project. He also initiated the joint effort with the Metropolitan Transportation Commission that resulted in a $59M discretionary grant in 2008 from the federal government to the Bay Area, under the Urban Partnership program. Also in 2008, the Authority was awarded the Employer of the Year award by the Bay Area Chapter of WTS.Mr. Moscovich is currently working with the California Business, Transportation and Housing Agency on a potential P3 for the second phase of the Doyle Drive project. Mr. Moscovich chaired the Self-Help Counties Coalition between 2005 and 2007. He was President of the Board of the California Transportation Foundation Board between 2006 and 2008. He also serves on the Advisory Board of the Lake Arrowhead Transportation and Land Use Program at UCLA, and on the Advisory Board of the University of California Transportation Center. He holds a degree in Urban Planning from the University of Illinois in Champaign-Urbana, and a master’s degree in Transportation Engineering from the University of California at Berkeley. He is a member of the Institute of Transportation Engineers, the Transportation Research Board, and the American Planning Association.When he’s not thinking about transportation, he’s usually conducting operas. He has two commercially released CDs including a new opera which received a GRAMMY nomination for Best Contemporary Classical Composition in 2005. He is a member of the National Academy of Recording Artists.

Andrew Belknap, Regional Vice President, has more than 20 years of diverse local government management experience. He has served in California local government as a city manager, public works director and independent consultant. As a consultant he has directed many diverse projects and provided interim management assistance for cities, counties and special districts. Andy has been with Management Partners since 2001 and leads the operations of the western region, which is based in San Jose, California. He directs the work of approximately 20 full-time staff members. His recent experience with cities facing fiscal distress includes consulting on budget, fiscal and management issues for Stockton, San Jose, Sacramento, Santa Ana, Vallejo, Stockton, Tracy, San Bernardino, Oakland and many other California jurisdictions, as well as Phoenix, AZ and both Las Vegas and North Las Vegas in Nevada.Andy began his public service career in 1980 with the City of Oxnard, California, in facilities management. He created the city’s first automated database for tracking infrastructure maintenance and gained statewide recognition for the city’s energy management program. Eventually, Andy was named chief of staff to the public works director and was responsible for budgeting, utility rate setting, capital program management and organizational analysis. In 1989, Andy was named city manager of Ojai, a nationally known resort community (he had been public works director there for the previous three years). Andy brought leadership and fiscal stability to a community that had been through a difficult period of political controversy, staff turnover and financial troubles. When he left this position in 2001, the city had achieved a reputation for credibility, professionalism, teamwork and innovation. While with the City of Ojai, Andy completed several major redevelopment projects including a difficult upgrade of unreinforced masonry in an historic downtown area, and several innovative affordable housing projects. He also negotiated an agreement (the first of its kind) with the Ventura County Sheriff for joint financing and construction of a new police station. At the regional level, as chair of his region’s California City Manager’s Association, in 1998 Andy helped devise a successful plan to create a joint powers library authority to serve seven cities and a over 600,000 residents. He has served on several League of California Cities working groups and was selected to represent the Santa Barbara area on the California City/County Youth Services Task Force.Since joining Management Partners in 2001, Mr. Belknap has participated in over 200 individual consulting projects for cities, counties and special districts in California, Arizona, Nevada, Washington, Idaho and Montana. He has served as the key professional or project manager for most of these assignments. Clients range from very small to very large and include the cities of San Jose, Long Beach and Sacramento; the counties of Orange, Marin, Monterey, San Mateo and Ventura; and large special districts such as the Sacramento Port District and the Los Angeles Community College District. As a corporate officer with Management Partners, Mr. Belknap has helped develop the firm’s consulting methodology, standards of practice and market presence, which has enabled the firm to successfully complete over 700 separate engagements for hundreds of local government throughout the United States. As an economist, Andy brings a special expertise to public finance issues, including the analysis of local revenue measures. He has completed a broad range of organizational and management studies, cost-of-service and fiscal analyses, inter-jurisdictional service delivery studies, service consolidation and coordination efforts and other complex projects. Andy earned a bachelor’s degree in math / economics from the University of California-Santa Barbara, and a master’s degree in economics, with a specialty in public finance.

Errol Brick joined PFM in 2011 when PFM acquired his financial advisory firm, The Killarney Group. Mr. Brick startedKillarney in 1995 after spending 16 years providing investment banking services to non-profit healthcare clients as asenior healthcare banker at Goldman, Sachs & Co.His clients include academic medical centers, large multi-hospital systems as well as stand-alone non-profit hospitals.In addition, Errol serves as a financial advisor to the Maryland Health and Higher Educational Facilities Authority,providing advisory services to all of the Authority’s healthcare, higher education and non-collegiate school borrowers.Errol assists clients to identify and mitigate risks inherent in the structure s of their financial assets as well as liabilities;as well as recommending debt structures that meet clients’ financial goals. He also assists clients to evaluate andexecute strategic options relating to their businesses. These options include delivery mode, organizational structure,as well as mergers and acquisitions.Mr. Brick graduated from the University of the Witwatersrand, Johannesburg, South Africa with a B. Com degree inEconomics and a Master of Business Administration degree in Applied Economics. Errol is licensed as a CertifiedPublic Accountant by the State of New York, and is designated as a Chartered Global Management Accountant by theAmerican Institute of Certified Public Accountants. He holds a General Securities Principal license and a GeneralSecurities License issued by FINRA.

Emily Wong is a senior director in the Fitch Ratings health care group. Emily has over ten years experience in the nonprofit healthcare industry and is primarily responsible for analyzing and rating acute-care hospitals, nursing homes, and continuing care retirement communities. In addition to her six years at Fitch, Emily has worked at UBS as a healthcare investment banker and at The Vanguard Group as a research analyst. In addition, Emily was also a rating analyst at Standard and Poor’s in their healthcare and higher education group.Emily earned a BS in environmental studies from Saint Mary’s University and an MPA in public finance from Indiana University. She is a member of the Healthcare Financial Management Association.

Joanne Ferrigan leads the analytical team within Fitch Ratings Education & Nonprofits Group. Joanne and her team of analysts are responsible for assigning and maintaining ratings on approximately 200 credits. Joanne has over 22 years of experience in public finance covering a variety of sectors.Prior to joining Fitch, Joanne worked on the sell side at both Morgan Stanley and Morgan Stanley Smith Barney, and the buy side at Weiss, Peck and Greer. Previously, she was an analyst in the higher education group at Standard and Poor�s, and started her career at MBIA.Joanne holds an MBA in finance from Fordham University and a BS degree in business from Marymount College.

Lauren Mack is a tax-exempt organizations, tax-exempt finance and health care law attorneywith a focus on federal tax matters. She counsels and represents hospitals, health careorganizations and other tax-exempt organizations in connection with a wide variety of taxplanning matters. On behalf of these organizations, she provides advice in connection withcorporate and transactional matters; assists clients with respect to exemption applications,private letter ruling requests, audits and closing agreements; and counsels clients on taxcompliance and governance matters.In addition, Ms. Mack has been involved in a broad of range of tax-exempt financings, servingas bond counsel and counseling borrowers (including health care organizations, culturalinstitutions, schools and universities), underwriters and banks (as liquidity and/or creditproviders) with respect to tax matters. She advises clients with respect to transactionstructuring as well as post-closing tax compliance. She represents clients before the IRS inconnection with audits, closing agreements under the IRS's Voluntary Compliance Program andprivate letter rulings.Ms. Mack is a regular speaker on tax-exempt organization and tax-exempt finance issues.