Banco Popular de Puerto Rico

Mr. Whitfield has been the City Comptroller for the City of San Diego since June 2009. As the Comptroller for the eighth largest city in the United States he oversees all accounting operations and internal controls. In addition to helping lead a successful SAP implementation at the City, he provides executive oversight for all IT initiatives, as well as serves on several boards and committees. With 30 years of financial management experience, Mr. Whitfield has worked in a variety of industries specializing in turnaround situations. In the past ten years he has served as the Vice President & Chief Financial Officer for California State University, Stanislaus; Chief Financial Officer for MedicAlert International Foundation; and Chief Financial Officer for Telmar Network Technology, Inc. Mr. Whitfield received his undergraduate degree in Business Finance from San Diego State University and obtained his Master’s of Business Administration degree from California State University, Fullerton. He is an active Certified Public Accountant, licensed to practice in the State of California.

Laurie Berman was appointed as District Director for the California Department of Transportation (Caltrans) District 11 in November 2009. The district serves San Diego and Imperial counties and includes the entire California/Mexico border. She is the eighth district director for the region dating back to 1933. Laurie is responsible for the daily operation of 1,200 employees and more than 1,000 centerline miles of highway. She oversees more than $544 million worth of highway construction projects and a total operating budget of $189 million for programs throughout the two-county area. Laurie’s top priority for the motorists and her own employees is first and foremost, safety. Her vision for the future of state transportation in the region is to find opportunity in the many challenges facing the department and its stakeholders, and to infuse innovation into the daily decision-making processes to keep pace with the growing demand to efficiently move people and goods across California. Building a multimodal transportation system that provides the public with more choices and reliability is a primary component of Laurie’s mission. In 2012, Laurie took a three-month assignment in Sacramento to initiate the Department’s Program Review effort. The Program Review is a department-wide look to the future and Laurie led a team to develop a strategic approach to make sustainable changes to Caltrans’ culture. These changes will position Caltrans to be a more nimble agency, with more streamlined processes for implementing change. In 2011, Laurie was honored as WTS San Diego’s “Woman of the Year.” She has spoken at design build conferences as well as AASHTO conferences about the multiple projects the district is delivering, including border infrastructure and goods movement. Laurie also serves as an ex officio member of the San Diego County Regional Airport Authority as well as the San Diego Association of Governments and the Imperial County Transportation Commission. Laurie began her career as a Junior Civil Engineer in bridge construction in Santa Barbara after earning her Bachelor of Science degree in Civil Engineering at Michigan State University in 1983 and has 30 years of experience with Caltrans.

Concentrating in the representations of secured creditors, lenders, investors, and committees, Mark Kaufman has also represented debtors in significant Chapter 11 cases, including as lead counsel of one of the nation�s most significant utility bankruptcies. As co-chair of the firm�s Municipal Reform & Innovation practice, Mr. Kaufman also advises financially distressed municipalities, special purpose districts and related government entities, including consideration of filing for Chapter 9 bankruptcy.Mr. Kaufman has served as President of the Bankruptcy Section of the Atlanta Bar Association and is a Director and recently served as Chairman and President of the Southeastern Bankruptcy Law Institute in 2007 and 2008 respectively. He also chaired Georgia's Bankruptcy Bench and Bar Conference. Mr. Kaufman has participated in Leadership Georgia, served as a member of the Georgia Citizens Conference on the Judiciary and chaired several committees of the Atlanta Bar Association, including a task force to evaluate the performance of the Atlanta Municipal Court.Mr. Kaufman has received several recognitions, including being named to the 2006 through the current 2013 Editions of Best Lawyers in America, where he is featured for bankruptcy and creditors� rights law. Mr. Kaufman has also been recognized as one of only 406 lawyers to have a biography in the 2012 Edition of the International Who's Who of Insolvency and Restructuring Lawyers. Chambers USA has included him (from 2003-current) in their Client�s Guide to America�s Leading Lawyers for Business, recognizing Mr. Kaufman�s achievements in its bankruptcy and creditors� rights section. In 2012, Mr. Kaufman was ranked by Chambers USA as one of Georgia's leading lawyers for bankruptcy and restructuring. Mr. Kaufman is also listed in the 2013 Edition of Who�s Who in America and the 2013 Edition of Who's Who in the World. In addition, Mr. Kaufman has been named as a Georgia Super Lawyer by Atlanta Magazine in 2003-2011, and as one of Georgia Trend magazine�s Legal Elite in 2003-2011.Mr. Kaufman has frequently spoken nationally and locally to bar and key financial groups on bankruptcy and restructuring topics.

Michael Baumrin joined RBC Capital Markets in 2008 as a Managing Director in the New York office and is Co-Head of the Housing Group. He is responsible for the Firm’s overall activities in providing state housing finance agencies with investment banking services and has served as lead banker to many of them around the country. For the prior nine years, Mr. Baumrin served as Manager of UBS’s Housing Group, which was the number one underwriter of mortgage revenue bonds, senior managing in excess of $20 billion. Michael began his career in public finance in 1980 and has worked primarily in the affordable housing field since 1982. During his career, he has implemented almost all forms of bond financing for single family homeowners, multifamily developers and public housing agencies. Prior to investment banking he worked for the Comptroller of the City of New York and the Boston City Treasurer. Michael received his B.A. from Brandeis University and his M.B.A. from Columbia University. He is a municipal securities principal and has his Series 7, 53 and 63 registrations.

Daniel Berger joined Municipal Market Data (MMD) in May 2010, bringing more than 20 years of municipal bond market research, sales and asset management experience to MMD's analyst team. Dan's focus is on both day to day market activity, as well as providing MMD subscribers with a perspective on longer timeframe trends in market levels, credit activity, and the political and regulatory environment. Since joining MMD, Dan has been quoted extensively in The Bond Buyer, The Wall Street Journal, Thomson Reuters and numerous other financial publications. Dan's work has been widely recognized in the financial community and he was awarded a position as a member of Smith�s Research All-Star Team for his work as a municipal bond market strategist. Prior to MMD, Dan served as a Senior Municipal Bond Analyst in the Wealth Management Group at UBS Financial Services Inc. and managed tax-exempt Unit Investment Trust portfolios at Citigroup. He began his career in the municipal bond research, working first for Shearson Lehman Brothers and then at MBIA where he managed the secondary market insurance desk. Dan has a BA from Brandeis University and an MBA from New York University.Dan was the Chairman of the Municipal Bond Analysts Group of New York (MAGNY). Under Dan's guidance MAGNY won the National Federation of Municipal Analysts� (NFMA) �Award of Excellence.� Dan presently sits on the Board of Governors of the NFMA. Dan is on the NFMA's Education Committee and is Co-Chairman of an upcoming Advanced Seminar on Transportation Debt that will be presented in Dallas, Texas in October 2013.

Amy Kessler is a senior vice president and head of Longevity Reinsurance within Prudential Retirement's Pension Risk Transfer business. In 2011, Amy led Prudential's successful launch of this product with a transaction to reinsure the pension longevity risk of Rothesay Life, Limited, a wholly-owned subsidiary of Goldman Sachs, providing risk cover to U.K. pension funds. Together with her team, Amy was awarded three additional significant reinsurance transactions in 2011, including a portion of the Rolls Royce transaction with Deutsche Bank and the Uniq transaction with Rothesay Life. In addition, Amy is a senior member of the team that completed the first pension buy-in in the United States in May of 2011 and that announced the agreements to transact with General Motors and Verizon earlier in 2012. Amy joined Prudential in the fall of 2009. Prior to joining Prudential, she served as a principal at Bear Stearns and as Global Head of Pension ALM at Swiss Re in the United Kingdom. With over 20 years of financial services experience, she possesses both capital markets expertise and in-depth insight into the innovative pension risk transfer transactions occurring in the U.K. and in the U.S.Amy holds a B.A. in Economics and an M.A. in International Economics and Finance from Brandeis University, where she is a member of the Board of Overseers of the International Business School and the 2013 recipient of the Dean's Medal

Lori Raineri is a Certified Independent Public Finance Advisor and a Certified Fraud Examiner. Lori currently serves on the Board of Directors for the Collaborative for High Performance Schools and the California League of Bond Oversight Committees, and is a past Board Member of the National Association of Independent Public Finance Advisors. Lori has developed long-range capital financing plans for hundreds of public agencies and is well known for her ability in financial analysis and public speaking. Recently, Lori has been a speaker for several California statewide associations, notably the County Treasurer-Tax Collectors, the County Auditor-Controllers and School Business Officials. The focus of each of these presentations has been the principles of debt financing, including numerous case studies that demonstrate the value of best practices and ethics. During her career, Lori has been personally involved in the planning and structuring of well over seven billion dollars of financing. At the age of 26, Lori founded Government Financial Strategies after having worked as an investment banker.Lori is the author of more than two dozen articles and publications and is in high demand as a public speaker. Lori received her B.A. in Philosophy from the University of California, Berkeley and received her M.S. in Financial Analysis from the University of San Francisco.Lori demonstrated her interest in government early in life, serving as the student School Board Member for the Santa Clara Unified School District, and was thrilled to be inducted into the Santa Clara Unified School District Hall of Fame in 2011.

Robert Donahue, is a Managing Director with Municipal Market Analytics, where he authors and contributes to several of MMA�s widely read weekly publications.� Mr. Donahue analysis is quoted frequently on various subjects, ranging from market strategy to municipal credit analysis, with specific focus on Puerto Rico�s economic, financial and political condition.� Mr. Donahue has been analyzing the Commonwealth since 1997 and has a deep set of contact on the island with whom he speaks on a regular basis.� His command of the details of Puerto Rico�s current challenges has provided MMA�s clients with useful and actionable investment insights.� He also heads up MMA�s bank regulatory review process helping hundreds of banks to meet the Dodd Frank regulatory mandate.� Prior to joining MMA in 2012, Mr. Donahue provided credit research and analysis at DWS Investments, Deutsche Asset Management in Boston.� From 2000 to 2010, Mr. Donahue was a Portfolio Manager and Analyst at Fidelity Investments� Fixed Income Division.� He spent three years at T. Rowe Price Associates� Fixed Income Division. Mr. Donahue obtained a Master of Public Administration �from Syracuse University�s Maxwell School of Citizenship and Public Affairs and a Bachelor of Arts from College of the Holy Cross.�

Mr. Smith is the President of Win Analytics LLC, an independent financial consulting firm which provides research, advice, valuations, and litigation support. Recent clients have included a major investment bank, a large real estate finance company, a national consortium of non-profit agencies, and a private college. Previously, Mr. Smith was CFO of a $7 billion education finance company, and before that he structured billions of dollars in bond offerings and securitizations as an investment banker and financial analyst. He was a financial advisor for a $1.7 billion multi-modal transportation program and leading expert on the securitization of delinquent tax penalties in the aftermath of the bankruptcy of Orange County, California.Mr. Smith recently spoke at a Federal Reserve Bank of Chicago conference on bank risk. He produces �The Well-Tempered Spreadsheet�, a blog about financial modeling and economics. He holds an MSc in Mathematical Finance from Christ Church College, Oxford University and a degree in mathematics from Yale University.

Mr. Smale began his career in the municipal bond industry in 1977 as a portfolio manager at a large casualty insurance company. In 1982, he moved to the brokerage industry, beginning a career in institutional municipal sales with Drexel Burnham Lambert.After leaving Drexel in 1989, he continued his career in Sales with Kidder Peabody and LaSalle Financial Services, the broker/dealer subsidiary of LaSalle Bank. In 1997, he became manager of LaSalle’s Municipal Department, responsible for all origination, trading, underwriting, sales and remarketings.After successfully guiding the business through several market cycles, Mike was also assigned similar responsibilities for the firm’s taxable products in 2005. Subsequent to LaSalle’s sale to Bank of America, he assumed a management role at a regional broker/dealer for about a year before returning to portfolio management at a large Midwestern insurance company.Mr. Smale joined Incapital in September of 2011. He holds a BBA and MBA from The University of Wisconsin-Madison. He is a former Chairman of the Bond Market Association’s (now SIFMA) Regional Advisory Committee and served a three year term as a member of the Municipal Securities Rulemaking Board.