Banco Popular de Puerto Rico

Angelique David serves as Senior Managing Director, General Counsel and Corporate Secretary for Ziegler, a financial services firm.�� She is responsible for leading the firms Legal, Compliance and Human Resource departments�.� In her role, she is accountable for all legal and regulatory affairs, ethics and compliance programs, corporate governance activities and human capital.� Angelique is also responsible for managing the corporate secretary function and working with the board of directors and senior management across a number of areas, including governance and corporate development.Prior to joining Ziegler in 2007, Angelique was a senior associate in the corporate department at Locke Lord, LLP. While at Locke Lord, her practice focused on investment management, investment banking, mergers and acquisitions, corporate finance, and general corporate law. Angelique also has extensive experience representing buyers and sellers in merger and acquisition transactions.��Angelique serves on the Board of Directors of the Midwest Minority In-House Counsel Group.� She has also held positions on the Board of Directors of The Cathedral Shelter and Board of Directors of the Public Interest Law Initiative. Angelique has also served as a contributing writer and member of the Advisory Board of the magazine, Girlfriends Health Guide for Women of Color.�

Since 1981, David has worked exclusively in FirstSouthwest’s municipal finance department providing financial advisory services to numerous cities, school districts, counties, and water districts in the authorization, issuance, sale and delivery of all types of tax-exempt securities.� He has been actively involved in the development of funding plans for infrastructure and economic development, advance refundings, rating presentations, continuing disclosure, regulatory requirements, investment of public funds.David began his career in the securities industry by spending two years as a field analyst for the Municipal Advisory Council of Texas.� He received his Bachelor of Business Administration in Finance from Texas Christian University (TCU).� He is a registered representative of the Financial Industry Regulatory Authority (FINRA) and holds Series 53, 24, 7, 63 and 79 licenses.�

Ivan Samstein was confirmed as Cook County’s Chief Financial Officer in March 2013 after joining the organization in early 2012. �Prior to joining the county, Mr. Samstein was an investment banker with Bank of America Merrill Lynch in both New York and Chicago, transitioning with the organization through several mergers. �During his investment banking career Mr. Samstein served as the lead banker on a wide range of municipal securities. �Mr. Samstein previously worked as a public finance credit analyst at Moody’s Investors Service where he was a member of the organization’s national rating committee. �Mr. Samstein is also an inactive commissioned officer in the Army Reserve and served as an intelligence officer for an infantry battalion in eastern Afghanistan during 2008 and 2009, service for which he was awarded a number of military commendations. �Mr. Samstein holds an M.B.A. from the University of Illinois and a B.A. from Hunter College.

Scott Garrigan is a Director in Standard & Poor�s U.S. Public Finance Infrastructure Group (Chicago office). In the Infrastructure Group, Scott is responsible for analyzing and assigning ratings to state revolving funds and other municipal pool transactions, water and sewer infrastructure bonds, and electric revenue bonds. He is also the primary analyst for the utility revenue bond ratings on Chicago and Detroit.Prior to this assignment, Scott was a member of S&P�s U.S. Public Finance State and Local Government Group, where he concentrated on credit analysis of school districts and municipalities throughout the Midwest � primarily within the states of Wisconsin, Ohio, Michigan, Indiana and Illinois.Prior to joining Standard & Poor�s in 2001, Scott received his Masters of Public Policy from the University of Chicago. He also holds Bachelors of Arts in Public Administration and Political Science from the University of Wisconsin � Green Bay.

Katherine Clupper is a Managing Director in the Philadelphia office and works with a range of governmental issuers in the Mid-Atlantic Region.� In addition, she assists in the development of non-profit and higher education clients in Pennsylvania, New Jersey, Maryland and Delaware.Ms. Clupper brings almost 30 years of experience working for both investment banking firms and financial advisory firms in Philadelphia.� She has been responsible for business development in Pennsylvania, New Jersey, Delaware and Maryland, working with issuers such as cities, states, water and sewer utilities and higher education institutions providing financial advice in the area of debt management and capital financing.� Beginning her career in government, in 1987, Ms. Clupper left the City of Philadelphia as Assistant to the Director of Finance, where she worked for the City Treasurer’s Office in debt management; acting as issue manager for approximately one billion dollars of securities.� She has also worked for the Pennsylvania State Legislature.� She has also spent over ten years working as an investment banker for firms in the Philadelphia region.Ms. Clupper has served as financial advisor for several large municipal issuers such as City of Philadelphia, the City of Baltimore, the City of Wilmington, Philadelphia Industrial Development Authority and the Pittsburgh Water and Sewer Authority.� She currently works with several state level issuers such as the Pennsylvania Industrial Development Authority, State of Maryland, Maryland Stadium Authority, Commonwealth Financing Authority and the Pennsylvania Industrial Development Authority.� Additionally, she provides financial advisory services to a varity of non-profit and higher education organization such as Temple University, Drexel University and the University of Scranton. �Ms. Clupper has assisted her clients in successfully entering into the public markets, implementing best practices in managing their debt portfolio, analyzing and developing credit and long term assest/liability strategies.Ms. Clupper has an MBA in finance from Temple University and currently serves on the Board of Directors of the Urban Affairs Coalition and Center in the Park, all serving neighborhoods in the City of Philadelphia. She also is a member of the Forum of Executive Women in Philadelphia and Ladies First, a public finance professional group.

Julie Seymour regularly represents and counsels banks, borrowers (including governmental issuers and hospitals and health systems), underwriters and trustees in connection with tax-exempt and taxable financings. Since 1990, Julie has been involved in billions of dollars of tax-exempt bond financings, including fixed and variable rate structures, as well as secured and unsecured lending transactions.In her finance practice, Julie regularly works with financial institutions in connection with the direct purchase of tax-exempt bonds and credit and/or liquidity facilities issued to support tax-exempt and taxable municipal securities. In addition, she represents and counsels conduit borrowers in structuring and negotiating their taxable and tax-exempt financing transactions, and negotiating and drafting documents in a manner that maximizes flexibility and protection for those borrowers.She also regularly advises clients on ongoing compliance matters, including secondary market disclosure, Internal Revenue Service (IRS) audits, change in use of bond-financed facilities, the impact of covenants on affiliation activity, and reporting requirements for the IRS Form 990, Schedule K.Julie speaks regularly on tax-exempt finance and healthcare lending issues. She previously served as a member of the National Association of Bond Lawyers' Steering Committee and Chair of the "Current Issues in Healthcare Finance (Non-Tax Matters)" for its annual Bond Attorneys' Workshop. She is also a frequent guest lecturer for Loyola University Chicago School of Law's LL.M. in Health Law Program. She received a J.D. from the University of Illinois College of Law, an M.B.A. from the University of Illinois College of Commerce and Business Administration, and a B.A. from Rockford College.��

Rick Cosgrove is a partner in the Banking and Financial Services Department at Chapman and Cutler LLP. He has extensive experience in the representation of domestic and foreign banking institutions and leasing companies in a wide variety of financial transactions involving the extension of credit to public sector entities, including credit enhancement and liquidity facilities, the direct purchase of tax-exempt bonds, derivative products, leasing, project finance, public/private partnerships, tender option bonds and other structured financings.Rick pioneered the development of direct purchase bond programs for several of the country’s largest banks and is a noted authority in this area.

Timothy Whipple serves as General Counsel at the Iowa Economic Development Authority (IEDA), a state agency charged with administering business, tourism, and community development programs in Iowa.He is responsible for legal and legislative affairs, administrative rules, public policy development, and contract compliance. He has served as the agency�s point person with the Governor�s office and the State Legislature during Iowa�s recent efforts to increase ESOP formation in the state, expand apprenticeship training, restructure business development tax incentives, and advance a groundbreaking proposal to incentivize the production of renewable chemicals from biomass feedstock�s in the state.Mr. Whipple was formerly the legal counsel to the Iowa legislature specializing in economic development and taxation law and policy.He is a 2007 graduate of the Drake University Law School and a 1999 graduate of St. Olaf College.

Mr. Culpepper joined Ramirez in 2010 as the head of its Midwest team and has 11 years of municipal finance experience. During most of his career, he has served in various roles in state government with a sole focus on municipal finance. Mr. Culpepper has served as the Deputy Executive Director/Chief of Staff of the Illinois Housing Development Authority, the Director of Capital Markets for the State of Illinois and as a budget/bond analyst for the Illinois Tollway. During his tenure with the State of Illinois and its authorities, he has lead over $10 billion in bond and derivative transactions and was one of the chief architects of the State of Illinois� $31 billion �Illinois Jobs Now� capital improvement plan. Mr. Culpepper has a degree in economics from Loyola University Chicago and served as a Non-Commissioned Officer in various U.S. Army Infantry units.