Banco Popular de Puerto Rico

As Deputy Assistant Secretary, Mr. Calcara serves as the senior career person within the Army Secretariat responsible for the Army's worldwide installations and housing structure, with a replacement cost estimated at $251 billion. He provides policy, program direction, and handles political issues involving Administration, Congressional, State and local officials for all Active Army and Reserve Component facilities. He oversees the execution of key Army engineering; housing; construction; real property acquisition, management and disposal; and base realignment and closures. He represents the Secretary of the Army in communications with industry, the public, and the media on installations and housing programs.Prior to his appointment as the DASA(I&H), Mr. Calcara concurrently served as the Director of Real Estate and Chief of the South Pacific Division Regional Integration Team at Headquarters, U.S. Army Corps of Engineers since March 2006. As Director of Real Estate, Mr. Calcara was responsible for program execution, policy and technical expertise in the areas of realty acquisition, asset management, and property disposal support for 24 million acres of Army-controlled land and improvements. As Chief, South Pacific Division Regional Integration Team, he managed a multi-functional organization charged with integrating regional products and services, and establishing and maintaining relationships at the national level for over $1.5 billion of annual civil works, military construction, and environmental projects in a 10-state area spanning from California to the Rockies. From 1983 to 2006, Mr. Calcara was with the Navy supporting global shore installation management, products and services for real estate; mechanical engineering and design; housing; asset privatization initiatives; base closure and realignment; military construction; and sustainment, restoration and modernization program management. He served with the Naval Facilities Engineering Command at its Headquarters in Washington, D.C., and their component commands at Pearl Harbor, HI, San Diego, CA, and Philadelphia, PA, and in the Office of the Assistant Secretary of the Navy.

Diana K. Chuang is a shareholder and the Assistant Chair of the Public Finance Department at Richards, Watson & Gershon. �Ms. Chuang serves as bond counsel and disclosure counsel for municipal bond transactions.� She also provides advisory services relating to local agency investments, investment policies, contracts for financial services, and other financial matters.� She counsels clients as to public works, real estate, and ongoing administration issues relating to land-secured financing districts.Ms. Chuang has provided counsel on a variety of financings, including enterprise and lease revenue bonds, pension obligation refinancing, redevelopment and successor agency tax increment financing, general obligation bonds, and special tax and assessment financing, including Property Assessed Clean Energy (PACE). �She has worked with the City of Palm Desert and the County of Sonoma to finance two of California’s earliest PACE programs, which authorize certain public agencies to finance renewable energy and energy efficiency improvements to private property.As a former Branch Chief and lecturer in the United States Securities and Exchange Commission’s Investment Management examination program, Ms. Chuang brings regulatory experience to the firm’s public finance group. �Prior to joining the SEC, Ms. Chuang’s experience as an associate at a multi-national law firm involved representation of lenders in numerous commercial and private loan transactions, and assistance as issuer and underwriter counsel in public corporation equity offerings.

Eric manages Moody�s California Local Government Ratings Team, which is located in both San Francisco and New York. The team assigns and monitors ratings for state�s highest profile local governments and essential purpose enterprises. After 20 years with Moody�s, Eric has personally been the lead analyst for many of these high profile issuers, including the City of Los Angeles, the City and County of San Francisco, the Metropolitan Water District of Southern California, and the California Department of Water Resources. He frequently represents the firm at industry conferences, covering topics ranging from municipal pensions and bankruptcy to California water issues and Moody�s land-secured bond rating methodology. He is a senior member of Moody�s Rating Committee and a member of the firm�s Public Finance Credit Policy Committee, Liquidity Task Force, and Annual Appropriation Working Group. Prior to joining Moody�s in 1993, Eric held positions in economic consulting and public policy in both Sacramento and Washington D.C., most recently with the California Governor�s Office of Policy and Research. He has a Master of Public Policy degree from the University of California at Berkeley and is a Phi Beta Kappa graduate of the University of Maryland, with a BA in Economics.

Karl Pan is the chief financial officer for the Port of Los Angeles, the number one containerport in the nation and — with its AA and Aa2 bond rating — the highest-rated U.S. seaport operating without tax support. Appointed in February 2008, he directly oversees the Port’s Finance Division, which includes the Accounting and Budget, Debt Management, Financial Management, Management Audit and Risk Management sections and associated functions.Pan brings to the post 29 years of domestic and international finance experience in commercial lending, risk management, operatiional and capital planning, marketing, and economic resources allocation. Prior to his appointment to the Port, Pan served as the deputy executive director of finance at Los Angeles World Airports (LAWA), a position he held since April 2006. He previously served as the acting chief financial officer at LAWA since September 2005. Pan moved to that position after having served as financial manager of LAWA’s Debt and Treasury Management division since January 2004. As financial manager, his responsibilities included overseeing debt management, rates and charges and capital programs. He also oversaw LAWA’s grant and passenger facilities charge activities.Prior to his position with LAWA, Pan served as an executive vice president at the Bank of Hawaii in Honolulu where he was on the management committee and in charge of the bank’s Global Market. His responsibilities included oversight of more than 40 branches across the Asia-Pacific region, an operating budget of $90 million, and management of nearly $5 billion in assets. He also previously worked for Chemical Bank in New York and the Bank of China in Los Angeles. Pan holds an M.B.A. in finance from the University of California, Los Angeles and a bachelor’s degree in liberal arts from the University of Texas, Austin.

Carmen Vargas is a Senior Vice President for Cabrera Capital Markets. Ms. Vargas joined Cabrera in July 2010 after 10 years with Citigroup’s public finance department and 2.5 years with Stone & Youngberg’s public finance department. Ms. Vargas is managing Cabrera’s efforts to expand Cabrera’s investment banking practice and senior manager participation in financings throughout California. Ms. Vargas has extensive experience with California financings and has senior managed 137 transactions with a total par amount of over $9.7 billion over the course of her career. Moreover, she has worked with a broad array of issuers throughout California including cities, counties, K-14 school districts, utility districts, airports, non-profits and higher education institutions. She a specialist in structuring and managing complex tax-exempt and taxable, fixed, variable and synthetic fixed rate bond financings. Ms. Vargas earned Bachelor of Arts Degrees in Political Science and Ethnic Studies from Brown University. She is an Associate Member of the California Society of Municipal Finance Officers (CSMFO) and a Member of the Association of Women in Water, Energy and Environment (AWWEE). Ms. Vargas also serves as Treasurer and Past President of the Board of Directors of the YWCA Pasadena-Foothill Valley and serves on the Board of Directors of Women in Public Finance (WPF).

Alison J. Radecki, a partner in the New York office, is a member of the Public Finance Department. Ms. Radecki has broad experience in tax-exempt finance, having served as bond counsel, underwriter�s counsel, borrower�s counsel and credit enhancer�s counsel.Ms. Radecki has worked on a variety of financings including revenue bonds, special tax bonds, variable-rate debt and general obligation bonds. These transactions have included the financing, or refinancing, of certain projects for healthcare institutions, educational institutions, public power agencies, cultural institutions and industrial development facilities.

Mike is an Executive Director and heads the National Transportation Group at JPMorgan within the Public Finance Department. Mike began his Public Finance career in government, working for the County of Santa Clara, California. After a decade at another Wall Street firm, Mike joined JPMorgan in 2011 to deepen the firm’s transportation expertise and focus on working with transit, highway and bridge municipal clients throughout the country. Mike has a broad background in Public Finance, working with issuers in the State, Local and Infrastructure sectors on a diverse set of transactions. Specific to transportation, Mike has worked on many of the largest infrastructure projects in the Nation, including senior managing over $8 billion in Toll Bridge Revenue Bonds for the Bay Area Toll Authority’s Seismic Retrofit program. Other clients include the Arizona Department of Transportation, Santa Clara Valley Transportation Authority, Los Angeles Country Metropolitan Transportation Authority and Oregon DOT.Mike received his bachelor’s degree from the University of California at Berkeley and his MBA from Santa Clara University.