Banco Popular de Puerto Rico

John is a Vice President – Senior Analyst in Moody’s Global Project and Infrastructure Finance Team covering a diverse portfolio of project financings, public-private partnerships (P3s), and municipal infrastructure issuers in the energy, transportation, and social infrastructure sectors. John leads Moody’s global P3 task force; authors research across sectors including stadiums, P3s, toll roads, and power; and annually leads several new rating assignments for P3 bids in the US and Canada.Before joining the Infrastructure and Project Finance Team in 2010, John spent two and a half years as a lead analyst for local governments and enterprises in the Eastern Regional Ratings Team where he was the lead for municipal issuers in Pennsylvania and New York while also covering New Jersey, Virginia, and Florida.Prior to joining Moody’s, John worked as a risk management analyst, a property and casualty insurance account manager, and a health care claims auditor. John is a former co-chair of Moody’s Multicultural Employee Resource Group and remains on the steering committee of Moody’s LGBTA Employee Resource Group.John earned his Bachelor of Arts degree in Health Care Economics and Policy from Stanford University and his Masters of Public Administration in Health Care Public Finance from New York University’s Robert F. Wagner Graduate School of Public Service.

Philip is a research analyst for the Municipal Fixed Income team, responsible for the credit analysis of Availability Payment P3s, land secured deals in Texas and Southern California, and student housing projects. Previously he covered tax-backed securities throughout the Midwest and Western regions.He began working in the financial industry in 2002 and joined Nuveen Asset Management in 2010. Prior to becoming a member of the firm’s research team in 2012, he was a manager of financial planning and reporting, responsible for overseeing reporting needs and market data contracts for multiple business groups. He also served as a member on the firm’s Integration Steering Committee. Previously, Philip was a senior analyst supporting the commercial finance businesses of Merrill Lynch Capital and RBS Asset Finance.Philip earned a B.S. in finance from the University of Illinois at Urbana-Champaign. He also holds the Chartered Financial Analyst designation and is a member of the CFA Institute and the CFA Society of Chicago.�

Ian is a Director with KPMG’s Infrastructure Advisory practice in the United States and leads the Rail Sector team.� He provides financial, commercial, and strategic advice to public and private sector clients for the financing and delivery of infrastructure assets. He specializes in feasibility analysis, valuations, and transaction structuring and execution in the rail and road sectors.Detail on recent rail clients is provided below.California High-Speed Rail:Ian currently manages the KPMG team that is team assisting the California High‑Speed Rail Authority to deliver the first high‑speed rail project in the United States. In this role, he manages a team of over 50 financial professionals.� KPMG has been providing financial, commercial, and strategic advisory services to the Authority since 2011. Ian has advised the Authority on three procurements, including a $1 billion infrastructure procurement, a second $1.5 billion infrastructure procurement, and an ongoing $1 billion rolling stock procurement. Ian is also responsible for managing a team that performs feasibility and valuation analysis, funding and financing strategy assistance, and delivery options analysis for the Authority on project segments and elements (e.g., power, track, systems, operations, stations).Northwest Indiana Regional Development AuthorityIan is currently the project manager for KPMG’s team that is team assisting the Northwest Indiana Regional Development Authority (RDA) on their commuter rail and transit oriented development project.� The project consists of a new commuter rail extension, double tracking of an existing commuter rail line, upgrade of four existing stations, and new build of four new stations.KPMG will lead the market sounding process to gauge investor interest and develop a strategy for leveraging innovative financing and investment into the project.��Other Relevant experienceIndiana Finance Authority – advised on the structuring and closing of a P3 project valued at over $300 million.� Continue to provide financial and commercial advice on the State of Indiana’s P3 projects.�Indiana Department of Transportation – advising the Innovative Delivery Program across numerous initiatives to procure and implement projects through innovative delivery mechanisms to enhance value to the departmentNevada Department of Transportation – served as the Project Director for an engagement to provide financial and commercial advice to NDOT in the structuring of an availability payment P3 project in Las Vegas, Nevada.California Department of Transportation – provided financial and commercial advice on a transaction valued at over $300 million using a P3 contract model with an availability payment mechanism.State of Michigan – provided financial and commercial advice on setting up the state’s public-private partnership program and analyzing numerous projects for innovative delivery cross a variety of sectors�

Edward Fanter has more than 20 years of infrastructure advisory and capital markets experience, with sector expertise in transportation, water/wastewater, and social infrastructure. Most recently, Edward was a Managing Director in BMO Capital Markets Infrastructure Group where he advised the Maryland Transit Administration and the Maryland DOT on the Purple Line P3 Transit Project. While at BMO, Edward also represented the winning consortium in the acquisition of the Billy Bishop Toronto City Airport terminal, the winning bidder for the Denver FasTracks North Metro Project, and the preferred proponent for the Miami Beach Streetcar Project. His experience at BMO also includes several capital markets transactions that include the All Aboard Florida High Speed Rail offering, the Midtown Tunnel Project Bonds, the Presidio Parkway P3 Project financing, and the Goethals Bridge Replacement Bonds.Prior to BMO, Edward held positions at Lehman Brothers and Barclays Capital. While at these firms, his experience included the Denver FasTracks Eagle P3 Rail project, the Port of Miami Tunnel Project, the JFK International Arrivals Terminal Expansion, California High Speed Rail advisory, SR-91 Express Lanes, the Central Texas Turnpike project, and the Port of Seattle Fuel project.Edward has a Bachelor of Engineering Degree from The Cooper Union, a Master of Environmental Engineering Degree from Manhattan College, and a MBA from New York University's Stern School of Business. Mr. Fanter is a CFA charter holder and a licensed professional engineer.

Before founding Overbond, Vuk’s career spanned over 10 years in capital markets and technology. As PwC Risk and Regulatory consulting manager, Vuk led large digital transformation programs at Deutsche Bank and BNY Mellon in New York City. Prior to that, he worked at CIBC Fixed Income trading floor in Toronto in a structured products origination capacity. Vuk has collaborated on numerous publications addressing key trends in fintech innovation. Vuk holds an electrical engineering degree from the University of Toronto, an MBA from Ivey school of business and is an avid abstract painter.

Mr. Kantor has been in the public finance industry since 1977. He began his career as an assistant to the director of finance for the City of Philadelphia, where he was responsible for all of the City’s debt management.� He then served as treasurer to the Municipal Assistance Corporation for The City of New York, was responsible for the issuance of more than $4 billion of debt and the management of a $3 billion portfolio of government securities.Mr. Kantor joined his present firm in March 2004 as part of First Southwest Company’s acquisition of Arimax Financial Advisors.� He has served as a financial advisor to many issuers across the country.EducationMr. Kantor has graduate and undergraduate degrees from the Wharton School at The University of Pennsylvania and a JD from Temple University School of LawLicenses HeldRegistered Representative of the Financial Industry Regulatory Authority (FINRA)General Securities Representative, Series 7Municipal Advisor Representative, Series 50Municipal Securities Principal, Series 53Uniform Securities Agent, Series 63Investment Banking Representative, Series 79�

Gerrard P. Bushell was appointed President & CEO of DASNY (Dormitory Authority) by New York State Governor Andrew Cuomo. Under Dr. Bushell’s leadership, DASNY became the nation’s number one issuer of municipal debt in 2015.Dr. Bushell comes to DASNY as an accomplished investment advisor in money management. He was a Senior Relationship Advisor in BNY Mellon's alternative investment management businesses. Prior to joining BNY Mellon, Gerrard served as: Director in the Client and Partner Group at Kohlberg Kravis Roberts & Co. (KKR), Managing Director in Business Development at Arden Asset Management, and the Head of Institutional Sales at the Legg Mason affiliate, ClearBridge Advisors.Dr. Bushell previously served as a key advisor to the former New York State Comptroller H. Carl McCall. A graduate of Columbia University, Dr. Bushell received a B.A., M.A. and Ph.D. in Political Sciences.

George Felcyn is a senior director at Bracewell's Policy Resolution Group in Washington, DC.