Banco Popular de Puerto Rico

Raymond V. Gilmartin is the former Chairman, President and Chief Executive Officer of Merck & Co., Inc., a global research driven pharmaceutical company that discovers, develops, manufactures and markets innovative vaccines and medicines.Mr. Gilmartin joined Merck as President and Chief Executive Officer in June 1994 and was named to the additional position of Chairman of the Board in November 1994. Shortly after retiring from Merck in 2006, he joined the faculty at Harvard Business School where he taught in the MBA and executive education programs through 2012. Prior to joining Merck, Mr. Gilmartin served as Chairman, President and CEO of Becton Dickinson, a global company that develops, manufactures and markets medical devices and diagnostic products. He joined that company in 1976 as vice president, strategic planning, and took on positions of increasing responsibility over the next eighteen years.Mr. Gilmartin serves on the boards of General Mills, Inc., where he is the Lead Director, and the Microsoft Corporation. He is the past Chairman of the Board of Directors of The United Negro College Fund and has served on the Board of Dean's Advisors for the Harvard Business School.Mr. Gilmartin has been an active participant in health industry affairs worldwide. Mr. Gilmartin was co-chair of the Presidential Advisory Council on HIV/AIDS, is a past chair of the Healthcare Leadership Council and was a board member of the Alliance for Healthcare Reform. In addition, he is the past chair of the Pharmaceutical Research and Manufacturers of America and a past president of the International Federation of the Pharmaceutical Manufacturers Associations. Mr. Gilmartin also has been involved in global economic and trade issues that concern the pharmaceutical industry. He was a member of the President's Export Council and is a past chair of the Council on Competitiveness.Mr. Gilmartin received a BS in electrical engineering from Union College in 1963 and an MBA from Harvard Business School in 1968.

Jordan Levine is Economist and Director of Economic Research at Beacon Economics, LLC. Mr. Levine plays a leading role in the firm's major consulting projects and is responsible for running and updating Beacon Economics' quarterly state and metro area forecast models. He also manages the firm's EB-5 Visa economic and employment analysis practice. He has conducted economic forecasting and analysis for the Office of the California State Controller, the Los Angeles Chamber of Commerce, the California Bankers Association, and Paulson & Co., Inc., among many others.Since joining Beacon Economics, Mr. Levine has emerged as a leading authority on the California state economy and its many regional economies. He is in growing demand as a public speaker and is a trusted source among major national and state media. He has been quoted by the New York Times, Los Angeles Times, Sacramento Bee, San Jose Mercury News, Los Angeles Business Journal, KNX Radio in Los Angeles, and Capital Public Radio in Sacramento. An accomplished speaker, Mr. Levine has delivered presentations on the state budget and economy to the California State Controller�s Council of Economic Advisors, a wide variety of business organizations, and regularly delivers the state forecast at Beacon Economics� annual regional forecast conferences.Mr. Levine specializes in analyzing economic indicators such as real output, employment, demographics, home prices, consumer spending, and new construction. He also has extensive experience analyzing the U.S. economy including gross domestic product; international trade; money, credit, and banking sectors; employment and labor force; and real estate markets. Mr. Levine's expertise includes sub-regional analysis in California. He regularly produces detailed economic reports for metropolitan statistical areas, counties, cities, and sub-city areas. He also authors chapters in Beacon Economics� Regional Forecast Books - detailed analyses of the demographic and economic trends occurring in regions across California.Prior to joining Beacon Economics, Mr. Levine was an analyst with Quant Economics Inc., where he studied and predicted the economic effects alleged in a variety of business disputes. Projects he managed while at Quant helped to discover hundreds of millions of dollars in monetary damages for his clients.Mr. Levine's academic background includes an emphasis in international trade, monetary economics, and micro/macroeconomic analysis. His research on the manufacturing industry resulted in an innovative technique to measure the effect of global trade on U.S. employment.Mr. Levine holds an M.A. degree in International Economics with Merit from the University of Sussex and a B.A. degree in Business Economics from the University of California, Santa Barbara.

Bobbi Gajwani is a Director in the Municipal Enterprise Group of Public Finance Ratings at Standard & Poor’s. Mrs. Gajwani joined S&P in 2002, left to pursue her MBA in 2005, and returned as an Associate in August 2007. Bobbi works from the New York City office in the Higher Education/Not-for-profit sector. Bobbi has been the senior analyst on many high profile private and public colleges and universities and 501c3’s, including Princeton University, University of Virginia, the Museum of Modern Art, and the New York Public Library. She is the sector lead for 501c3’s. Bobbi has published many commentaries on the sector, including the higher education sector outlook and articles on affordability and student loans. She also offers her insight through public speaking at conferences, seminars, and teleconferences.Prior to joining Standard and Poor’s, Mrs. Gajwani worked in mergers and acquisitions for a telecommunications company. Bobbi started her career in investment banking at JPMorgan Chase. Mrs. Gajwani holds a B.A. degree in Economics from Columbia University and an MBA from Columbia Business School.

Dan Wilson, a Director at National Public Finance Guarantee, is responsible for business origination as part of the New Business team.� A seasoned professional with nearly 20 years of finance experience, Mr. Wilson is involved in analyzing and underwriting transactions across a wide range of municipal sectors including GO, tax backed, higher education and healthcare.� Prior to joining the New Business team in early 2014, Mr. Wilson was previously a Director in the Insured Portfolio Management Group within National and was the manager of the Healthcare portfolio.� In this position, Mr. Wilson was in charge of the monitoring and surveillance of National’s insured not-for-profit hospitals and led the amendment/waiver process for these hospitals. �Mr. Wilson also played an active role in the remediation of troubled hospitals in the portfolio.Prior to joining MBIA in 2005, Mr. Wilson worked for nearly a decade at several investment banks.� Directly prior to MBIA, Mr. Wilson was a member of the Healthcare Investment Banking Group at JP Morgan, specializing in financing not-for-profit hospital systems throughout the United States.� At JP Morgan, Mr. Wilson helped finance some of the largest not-for-profit systems in the U.S. as well as worked on merger and acquisition advisory projects.� Mr. Wilson also had extensive experience on the corporate finance side of investment banking covering a variety of industries including healthcare while working at Bankers Trust and later Deutsche Bank.� Specializing in leverage finance, Mr. Wilson helped finance a number of leverage buyout transaction for numerous financial sponsor groups.Mr. Wilson is active in various municipal industry organizations such as with the Municipal Analyst Group of New York, where he currently serves as a Board member, and also with the National Federation of Municipal Analysts. Mr. Wilson obtained a Bachelor of Arts degree in Economics from ColumbiaUniversity and Master of Business Administration degree in Finance from the University of Texas at Austin.

Lisa Zuckerman joined Dignity Health in December, 2006 as Vice President, Treasury Services. Dignity Health is one of the largest health systems in the U.S., with 39 hospitals in California, Arizona and Nevada. Lisa’s responsibilities include management of Dignity Health’s nearly $7 billion investment portfolio, as well as debt and capital structure management, and oversight of cash management functions. CHW has $4.3 billion in debt outstanding, and a swap portfolio with a notional amount of roughly $940 million.Prior to joining Dignity Health, Lisa Zuckerman spent ten years at Standard & Poor’s Corporation, most recently as a director in Standard & Poor’s San Francisco office, as health care sector leader for the western region. Lisa served on the Board of the National Federation of Municipal Analysts (NFMA), and is past chair of the California Society of Municipal Analysts. Before joining Standard & Poor’s in 1996, Lisa worked as a budget analyst for the City and County of San Francisco, and as a consultant to local governments throughout California, specializing in county hospitals and health departments. Prior to attending graduate school, Lisa worked in public and corporate finance with major investment banking firms.Lisa holds a Masters in Public Policy from U.C. Berkeley and a B.A. from Harvard University.

Ms. Newell is Director of Compliance Management and Ethics Liaison Officer at the New Jersey Educational Facilities Authority (NJEFA) responsible for developing and implementing post-issuance compliance policies and procedures.�She is a past Chair of the Advisory Committee to the IRS Divisions on Tax-Exempt and Governmental Entities and has served as a member of the Government Finance Officers Association’s Committee on Debt Management.�Prior to joining NJEFA, she engaged in the private practice of law, specializing in financing for governmental entities and conduit borrowers. Ms. Newell received her LL.M in Taxation from Georgetown University School of Law, Washington, D.C; a Juris Doctorate from Villanova University School of Law, Villanova, Pa.; and a B.A. in Mathematics from TempleUniversity, Philadelphia.

Dan Carrigg is the Legislative Director for the League of California Cities. He has over 20 years of experience working in the Legislature, for a state agency and as a legislative advocate. This is his 14th year with the League. In the past, he has served both as a Senior Consultant with the Assembly Committee on Housing and Community Development and as a Legislative Representative on state property and construction issues for the Department of General Services.