Banco Popular de Puerto Rico

Scott Shearer joined Public Financial Management, Inc. in its Pennsylvania Municipal Group in 1998 and in 2010 was promoted to Managing Director. In his tenure at PFM, Mr. Shearer has worked on over 750 transactions for local governments and other authorities in Pennsylvania. He is highly renowned in the municipal finance market as an expert in handling complicated transactions often involving complex and intertwined financing techniques.As a partner of PFM in the Pennsylvania Municipal Group, Mr. Shearer serves approximately 250 clients comprised of municipal authorities, school districts, cities, counties and townships. Mr. Shearer is a member of the firm�s national utility cluster as well. His expertise includes the structuring of both tax-exempt and taxable fixed rate bond issues, variable rate bond pool financings, bank loans and interest rate swap derivatives. In this capacity, he assists local governments in the areas of capital planning, financial analysis, refinancing opportunities, debt structuring analysis and budget forecasting.One of Scott�s particular areas of expertise lies in the complicated field of variable rate financings and interest rate swaps. Following the financial downturn in late 2008, Mr. Shearer was instrumental in assisting and advising many local governments throughout the Commonwealth on the most cost efficient way to manage their increasing debt burden, developing innovative and effective solutions.In addition to utility and general credits in the Commonwealth, Mr. Shearer has also led project teams for very significant economic development financing including the Allentown Neighborhood Improvement Zone Development Authority and many other TIFs. Most recently, Mr. Shearer is also very active in the public private partnership sector, with a focus on utilities, leading the first of its kind procurement process for the concession lease successfully completed in Allentown in August 2013.He is a graduate of the Pennsylvania State University with a degree in Actuarial Science.

Stockton Williams is Managing Principal of the Washington, DC office of HR&A Advisors. He advises local communities, business leaders, and social investment innovators on the strategic opportunities at the intersection of economic development, community revitalization, and environmental sustainability. Stockton leads HR&A�s participation in the SC2 Network, a new national initiative assisting cities across the U.S. in achieving locally identified priorities for economic growth and job creation. Previously, Stockton served as a Senior Advisor at the U.S. Department of Energy and the U.S. Department of Housing and Urban Development. He has also held senior management positions at Living Cities and Enterprise Community Partners.

Michael is a senior director in Fitch Rating�s public finance group, manager for local government ratings in Fitch�s East region, and a chairperson of Fitch�s public finance rating committee. Michael is based in Fitch�s New York City, New York office.Prior to joining Fitch in 2008, Michael served as a vice president at Financial Guaranty Insurance Company�s (FGIC). Michael was responsible for providing credit analysis of municipal issuers requesting bond insurance across a broad spectrum of municipal sectors including transportation, infrastructure, general government, higher education, and project finance. Michael began his career in municipal finance at Standard & Poor�s rating agency in 1996.Michael received his B.B.A from Baruch College, City University of New York and is a member of the National Federation of Municipal Analysts/Municipal Analysts Group of New York.

Neene Jenkins is a Vice President- Municipal Credit Research Analyst has extensive experience with distressed credits including Jefferson County, Detroit, and Illinois. In addition, she covers high grade and high yield debt with a focus on Higher Education, Charter School, State and Local credits. She previously spent almost five years on Moody�s Investors Service Public Finance Team. Neene holds a BA in applied mathematics from the University of Buffalo and an MPA in public finance from the Robert F. Wagner School of Public Service at New York University, where she occasionally adjuncts.

Todd Fraizer is a Managing Director in Public Financial Management�s (�PFM�) Charlotte, NC, office. �Mr. Fraizer leads PFM�s Pricing Group, which provides pricing resources and negotiation support for PFM�s clients nationwide. The Pricing Group is continually enhancing, expanding and centralizing the firm�s bond pricing expertise. �Mr. Fraizer has assisted in pricing thousands of transactions totaling more than $250B of municipal bonds for PFM issuer clients.Prior to joining PFM, he was the Vice President of Finance for the Kansas Development Finance Authority. In this role, he served as the primary project manager for over $2 billion of general purpose, higher education, pension obligation, transportation, and SRF transactions. Before that, Mr. Fraizer gained futures� and options� trading experience while at the Kansas City Board of Trade.Mr. Fraizer has a Bachelor of Arts in English Literature from the University of Kansas and a Masters of Business Administration and Finance from the University of Missouri-Kansas City. He is a CFA charter holder, as well as a member of the CFA Institute and the Charlotte Society of Financial Analysts.

Daniel J. Alfonso is the City Manager at the City of Miami.� He is implementing various initiatives aimed at improving the City�s finances, employee morale, productivity, and customer service. Previously, he served as Director of Management and Budget for the City and held multiple administrative positions with Miami Dade County.He holds degrees in Finance and Business Administration from Florida International University and an Associate Degree in Accounting from Miami Dade College.Mr. Alfonso also served honorably in the United States Army from 1986 to 1991. He lives in Miami with his wife of 27 years, son and daughter.

Joe Casey has been the Deputy County Manager for Henrico County, Virginia since January 2013. Henrico County, a Triple AAA bond rated county is over 230 square miles with over 10,000 employees and a total budget over $1.0 billion. Previously, he served as Deputy County Administrator and Director of Finance for Hanover County, Virginia; which had the distinction of being the smallest populated Triple AAA bond rated county in the country. He previously worked with KPMG and still retains his CPA license. Since 1998, he has also served as an adjunct professor for Virginia Commonwealth University�s (VCU) and Virginia Tech�s graduate public administration program. He received his undergraduate degree from the University of Richmond in 1986, a graduate degree in public administration from VCU in 1995 and PhD in public policy from VCU in 2013. He currently serves on Virginia Local Government Managers Association (VLGMA) Executive Board, Virginia Association of Counties (VACO) Compensation and Retirement Committee, Vice Chair of Housing Opportunities Made Equal Board; and previously served on the national Government Finance Officers Association (GFOA) Executive Board and as Past-President of the Virginia GFOA. Contact info: cas052@co.henrico.va.us.

Bill has served as a consultant to the NFMA since 2013, with responsibilities for developing policy and strategy with municipal market groups and market regulators. He also works with the media to promote the NFMA’s work. Prior to 2013, Bill’s professional career spanned forty years, encompassing a broad range of experience in city planning, budgeting and municipal credit analysis. He spent nearly thirty years in the municipal bond industry, most of which as Director of Municipal Research at Alliance Capital Management/Alliance Bernstein and Prudential Capital Management. He has been involved long been active in attempts to improve municipal bond disclosure.� He served as Chairman of the Board of Governors of the National Federation of Municipal Analysts in 1995 and received awards from the NFMA as Analyst of the Year, for Municipal Industry Contributions and for Career Achievement. He received a B.A. in Political Science from George Washington University and a Masters Degrees in City Planning and Public Administration from Ohio State University.�

As Ten-Year Financial Plan Project Manager, Kristin Barcak is focused on the implementation of Baltimore�s long-term financial plan.� Baltimore�s Ten-Year Financial Plan is a roadmap for eliminating the City�s structural budget shortfalls, increasing tax competitiveness, investing in infrastructure and reducing unfunded liabilities.� Ms. Barcak coordinates interagency teams dedicated to implementing each of the Ten-Year Financial Plan initiatives.� Prior to her current role, Ms. Barcak worked for the Finance Director of the City of Baltimore as Principal Analyst where she led the Department�s performance management reviews and prepared the City�s annual Bond presentation to Moody�s and Standard and Poor�s.� Ms. Barcak has worked for other government entities including Baltimore�s Water and Wastewater Utility and the U.S. Congress.����

William �Bill� Cole is in his second term as a member of the Baltimore City Council representing downtown Baltimore and more than 25 unique neighborhoods that surround it.� His career in public service spans more than 20 years and includes Special Assistant to U.S. Congressman Elijah E. Cummings (MD-07) from 1996-2003 and member of the Maryland House of Delegates from 1998-2002. Bill was elected to the Democratic State Central Committee in 1998 and in 2012 was elected Delegate to the Democratic National Convention in Maryland�s 3rd Congressional District, receiving the highest vote total. �Since 2003, Bill has served as Associate Vice President for Institutional Advancement at the University of Baltimore and as an occasional adjunct professor in UB�s graduate College of Public Affairs.� He is the Chairman of the boards of both Cecil Bank and its holding company Cecil Bancorp, Inc. and serves on more than a dozen civic and non-profit boards including Visit Baltimore, the Downtown Partnership of Baltimore, the Midtown Community Benefits District, the Babe Ruth Museum, and the Flag House & Star-Spangled Banner Museum.�In 2012, Councilman Cole was honored to be selected as one of the first 100 members of the NewDEAL, a national organization that supports progressive, pro-growth Democrats.� Later the same year, he participated in the American Swiss Foundation Young Leaders Conference in Zurich, Switzerland. Most recently � January, 2014 � he was appointed to the Local Leaders Council of Smart Growth America. �Bill holds a B.A. in Government & Politics from the University of Maryland and a M.A. in Legal & Ethical Studies from the University of Baltimore.� He and his wife live near Baltimore�s Inner Harbor with their three children who are proud to be students in the Baltimore City Public Schools. Bill co-founded the Locust Point Soccer Club and has coached the South Baltimore Youth Soccer League since its inception nearly a decade ago.�� He continues to manage and coach several travel soccer teams throughout the year.