Banco Popular de Puerto Rico

Tom Kozlik is a Municipal Bond Strategist for PNC Capital Markets, the firm he joined in 2015 after spending 16 years in the municipal bond industry at UBS Investment Bank, Bear Stearns, and Janney Capital Markets. �In his role at PNC he advises clients about the strengths and weaknesses of municipal market credit profiles.� He also follows and comments on municipal market trends and related events in regular published market commentary and on Twitter. He is currently the President of the Philadelphia Area Municipal Analyst Society (PhAMAS pronounced “famous”).� Kozlik is an instructor at the University of Pennsylvania’s Fels Institute of government and teaches a public finance class.��

John Chiang was elected on Nov. 4, 2014, as California�s 33rd State Treasurer. As the State�s banker, he oversees trillions of dollars in transactions every year. One of his top priorities is to conduct the State�s business in the most transparent manner possible.Chiang sells California�s bonds, invests the State�s money and manages its cash. In addition, he manages financing authorities that help provide good-paying jobs, better schools, improved transportation, quality health care, more affordable housing and a cleaner environment. He handles those duties while sitting on the governing boards of the nation�s two largest public pension funds � the California Public Employees� Retirement System (CalPERS) and the California State Teachers� Retirement System (CalSTRS).Prior to being elected Treasurer, Chiang served from 2007 through 2014 as State Controller, during which time he:Took steps during the Great Recession to preserve cash to meet obligations to education and bond holders. His cash management decisions � which included delaying payments and issuing IOUs -- were cited as instrumental in keeping the State�s credit rating from plunging into junk status, which saved taxpayers millions of dollars.Worked to ensure the fiscal solvency of the State�s pension plans, and was a leader in pension and corporate governance reform. He proposed a plan to address the unfunded liability of providing health and dental benefits for State retirees, and successfully sponsored legislation requiring all State pension systems to adopt disclosure policies regarding board members and placement agents. He also has sponsored bills to curb pension-spiking, require placement agents to register as lobbyists, and require CalPERS and CalSTRS board members to file more campaign contribution disclosure reportsAggressively used his auditing authority to identify�more than $9 billion in taxpayer dollars that were denied, overpaid, subject to collection, or resulted in revenues, savings and cost avoidance.Ensured that�$3.1 billion in unclaimed property was returned to the rightful owners. He also led the effort to reform the State�s Unclaimed Property Program, which currently holds about $7.1 billion in bank accounts, utility deposits and other property that businesses have deemed abandoned by their owners.Chiang was first elected to the Board of Equalization in 1998 where he served two terms, including three years as chair. He began his career as a tax law specialist with the Internal Revenue Service and previously served as an attorney in the State Controller�s Office.The son of immigrant parents, Chiang graduated with honors from the University of South Florida with a degree in finance. He received his law degree from the Georgetown University Law Center.

Mr. Feigenson has spent more than 16 years in the public finance industry focusing exclusively on higher education and not-for-profit municipal market financings nationwide. He joined Morgan Stanley in January 2014, having previously worked on the investment banking teams for higher education and 501(c)(3) borrowers at JPMorgan Chase, Bank of America Merrill Lynch and FirstSouthwest Co. Since 2000, Mr. Feigenson has served on financing deal teams for a broad range of higher education, not-for-profit and cultural institutions and has worked on more than 150 bond and bank financing transactions totaling over $7.8 billion nationwide. This experience includes transactions for private higher education borrowers such as Washington University,� Dartmouth College, American University, Muhlenberg College, Elon University, Embry-Riddle Aeronautical University and Marymount University as well as for public institutions such as the University of Virginia, Virginia Tech University, Virginia Commonwealth University, Ohio State University and the University of Hawaii. �He has also worked with prominent not-for-profit institutions such as the John F. Kennedy Center for the Performing Arts, National Academy of Sciences, Public Broadcasting Service, the Guggenheim Museum, National Wildlife Federation, National Geographic Society, the American Red Cross and the National Jewish Federation Bond Program.He has developed a particular expertise in highly structure financings utilizing a variety of security features and asset/liability strategies. And he has focused on the creation of long-term capital plan financing tools to manage operating forecasts as well as to evaluate debt capacity and credit strength within a multi-variable testing format.� Rob holds a B.A. in Government from Georgetown University.Mr. Feigenson holds a Bachelor of Arts in Government from Georgetown University and FINRA Series 7, 53 and 63 licenses.

James Hamill is a Managing Director with the California Statewide Communities Development Authority (CSCDA), and has broad experience in public finance, public-private partnerships and legislative initiatives. James has led fast-paced organizations that provide public and private sector solutions that improve operational results.� These include acting as an Executive Director of Clean Fund and as Director of Operations for the Public Finance Authority.� James is a graduate of the University of California, Riverside and Whittier Law School.�

Bill is a widely admired California politician who has never lost an election. He most recently served as the 32nd State Treasurer of California, elected in 2006 and re-elected in 2010. He also has served as California Attorney General. Prior to that, he served over twenty-five years in the California State Legislature, more than half that time in the State Senate, where, for the last four years of his tenure, he was chosen by his peers to be President Pro Tempore, the most powerful position of the upper legislative house.Bill Lockyer is a member of Brown Rudnick LLP's Government Law and Strategies team in the Orange County office. His high octane representation of health care, energy, insurance and financial service businesses benefits those caught in the “Bermuda Triangle” of government, law and politics. He is noted for complex conflict resolution.Bill is a graduate of the University of California Berkeley and the McGeorge School of Law.��

Robert Fippinger is the Chief Legal Officer of the Municipal Securities Rulemaking Board (MSRB), where he oversees all legal and external affairs. Mr. Fippinger is a former member of the Board of Directors of the MSRB and served on the Nominating and Governance and Steering Committees. He was also a Senior Counsel at Orrick, Herrington & Sutcliffe, which has a large practice area in public finance.Prior to his position as senior counsel, Mr. Fippinger was a partner at Orrick, Herrington & Sutcliffe and a partner and an associate at Hawkins, Delafield & Wood. He is the author of a two-volume treatise, titled “The Securities Law of Public Finance,” and has taught public finance and securities law at Yale Law School, New York University School of Law and Hofstra Law.Mr. Fippinger received a bachelor’s degree from Duke University, and master’s and doctorate degrees from Northwestern University. Mr. Fippinger also received a law degree from the University of Michigan Law School.

In his role as Chief Financial Officer, Tim Richison has helped establish an effective partnership between CEA, government and the private sector. He has direct responsibility for all financial matters at CEA. Tim has been instrumental in the negotiation of billion dollar risk-transfer contracts, creating a new method for transferring CEA risk into the capital markets. As a result, he obtained a line of credit for over $700 million, securing $300 million in debt and obtaining a rating of A- (Excellent) for CEA from A.M. Best.Formerly, Tim was drafted as a loaned executive from USAA to the California Department of Insurance to assist the deputy insurance commissioner in establishing�CEA.� As part of�the original startup team, Tim helped develop the articles of governance, plan of operations, procedures and claims manuals, and other myriad documentation and details necessary to take the concept of the CEA into reality.�

Deputy Treasurer for Legislation and Infrastructure Financing for State Treasurer John Chiang, Mr. Gordon’s responsibilities consist of managing and serving as Chair Designate of the California Pollution Control Financing Authority, California Alternative Energy Advanced Transportation Financing Authority, California Tax Credit Allocation Committee, and the California Debt Limit Advisory Committee. He serves as a Board member of the California Infrastructure and Economic Development Bank, the West Coast Exchange, and the California Competes Tax Credit Committee of the Governor’s Office of Business Development.Immediately prior to joining the Treasury, Mr. Gordon served as Deputy Controller for Environmental Affairs for Controller Chiang, serving as Chair of the State Lands Commission and as a member of the Ocean Protection Council, among other roles. He began his career as an environmental attorney and served as Counsel and Principal Consultant to the California Senate Committee on Environmental Quality for more than 20 years. Mr. Gordon is also an adjunct faculty member at the University of California, Davis where he teaches environmental policy.

Richard Clarke is the Assistant General Manager, Capital Programs for the Regional Transportation District (RTD) in Denver.� Mr. Clarke is responsible for RTD�s capital program including the FasTracks expansion program.� FasTracks is a $5.5 billion, fixed guideway (light rail, commuter rail, bus rapid transit and multi-modal terminal) construction program. It includes the first transit public-private-partnership in the US. He previously served as RTD�s Project Director for the Transportation Expansion (T-REX) project. T-REX was a $1.7 billion, multi-modal (highway/Light Rail) project that included 19 miles of new LRT and 13 stations. It was completed ahead of schedule and under budget. He has previous transit project experience in Dallas, New York, Boston, Cleveland and Philadelphia.� Mr. Clarke has Bachelors and Masters Degrees from the University of Pennsylvania.

Paul Bingham is the Economics Practice Leader for infrastructure consulting firm CDM Smith. He manages the firm's economics team, analyzing� economic impacts, financial feasibility, and� costs and benefits of transportation infrastructure development. He has 30 years of experience providing analysis and forecasting of trade and freight transportation markets for public and private sector clients. Prior to CDM Smith, he was Managing Director for the Global Trade and Transportation practice of IHS Global Insight. Previously he was a Senior Associate in the Commercial Freight Practice at Booz, Allen, Hamilton. He started his economics career at economic forecasters Standard & Poor�s DRI.