Banco Popular de Puerto Rico

Justin Pica is Director of Product Management for the Municipal Securities Rulemaking Board's (MSRB) market transparency programs. Mr. Pica directs strategic planning for and oversees implementation of enhancements to all MSRB market transparency programs, including the Electronic Municipal Market Access (EMMA), Transaction Reporting and Short-term Obligation Rate Transparency systems. Prior to assuming his current role, Mr. Pica managed rulemaking and policy support for MSRB market transparency programs and directed regulatory and policy development at MSRB for clearance and settlement, customer confirmations and new issue requirements. He received his bachelor's of science degree from Fordham University and a master's of business administration degree from George Washington University.

Mr. Failing is currently serving as the Executive Director of the Highway Program for Los Angeles County Metro where he is responsible for Delivery of the nearly $8 billion Measure R Highway Program. In 2006, Mr. Failing was chosen by the Los Angeles Times� West Magazine as one of the 100 most influential people in Southern California. In addition, Los Angeles Magazine highlighted Mr. Failing in their December, 2006 issue as one of the most influential people in Los Angeles.Mr. Failing earned a Bachelor of Science Degree in Civil Engineering from Michigan Technological University in Houghton in 1980 and was hired at Caltrans in June of 1980 as a Junior Civil Engineer

Randall serves as the Chief Financial Officer and administrative official for the Contra Costa Transportation Authority (CCTA). CCTA is responsible for implementing a 25-year sales tax measure projected to raise over $1.7 billion of local sales tax to fund transportation systems and improvements in Contra Costa. Randall manages CCTA�s finance function, including debt financing, investments, human resources, risk management, and technology. Contra Costa in the San Francisco bay area. Randall�s career spans over 25 years in public finance and treasury management. Prior to joining the CCTA team in 2007, Randall served as the Chief Financial Officer for the East Bay Regional Park District and earlier in his career as the Assistant Controller for the City of Fresno. Randall received his Masters and undergraduate degrees from the California State University at Fresno.

Megan Matson specializes in the integration of a community�s public objectives with the abilities and parameters of private capital and operations. She would describe Table Rock as �private equity on a mission,� and is committed to resolving some of the hardest issues faced by local government, through innovative public-private infrastructure, in ways that are both creditworthy and resilient. As a partner at Table Rock, Megan most recently led or participated in multiple transaction execution work streams on the 30-year $174 MM Rialto Water Services water and wastewater recapitalization, including the investor roadshow and due diligence, local agency negotiations, city and labor relations, community outreach and education, independent engineering and environmental reports production, and closing prep for the City and vendors. Megan is now part of Table Rock�s day-to-day asset management in Rialto on behalf of Rialto Water Services. Her background is in leading national, state and local organizing campaigns, political campaign consulting, local energy aggregation development at the grassroots level, and both non-profit and commercial branding, strategy and communications. Megan received her B.A. from Yale University.

Mr. Luchetti is the founder of Table Rock Capital LLC (“TRC”). TRC is an infrastructure fund focused on making private equity investments in greenfield and brownfield public and private infrastructure projects in the U.S. and more broadly in the OECD. TRC deals with 5 sectors including transportation, energy, social infrastructure, water & waste, and communications. Mr Luchetti focuses on project and structured finance in the transportation, energy, power, communications and infrastructure sectors. Mr. Luchetti’s experience includes advisory and capital raising roles covering a wide range of transactions: acquisitions/divestitures, privatizations, Greenfield development, recapitalizations, distressed asset recovery and public private sector partnerships for large public and private companies, quasi-governmental entities (i.e., regulated utilities and state owned enterprises), and strategic equity investors. From 1994 to 2000, Mr. Luchetti was Senior Managing Director and Global Head of Project & Structured Finance for Banc of America Securities LLC. In this role he was responsible for a 140- person team working in 32 countries on the origination and execution of project and structured finance advisory and capital raising roles. He was responsible for a $5.5 billion (amount held post syndication) portfolio of privately placed debt and private equity transactions in the infrastructure sector. Prior to assuming leadership of the Project & Structured Finance team Mr. Luchetti started and ran Bank of America NT&SA’s first distressed loan trading desk in 1990. From 1984 to 1990 Mr. Luchetti was head trader with global responsibility for Bank of America’s interest rate derivates trading activities around the world. Mr. Luchetti spent a total of 17 years at BofA. Prior to joining Bank of America, Mr. Luchetti worked for J. Aron Goldman Sachs. Mr. Luchetti received his BA in economics from Hobart & William Smith Colleges and an MA in economics from Duke University.Mr. Luchetti is on the Board of the Bay Area Economic Institute (“BAEI”) where he has completed 5 white papers on infrastructure public policy and public private sector partnerships. He played a central role in the formation of the Marin Energy Authority (“MEA”) the first Community Choice Aggregation energy based enterprise in California. He is actively involved at the federal, state and local level in forming infrastructure assets. He worked on drafting legislation for a National Infrastructure Bank (“NIB”). Mr. Luchetti sits on the board of Rialto Water Services LLC which is a 30 year water and wastewater concession and portfolio company originated and managed by Table Rock Capital LLC.

Devin represents issuer, underwriter and private sponsor clients in some of the most complex and innovative transactions in the municipal market.� Such transactions have involved both long- and short-term, fixed and variable rate obligations, public-private partnerships (P3s), commercial paper, swaps, credit and liquidity enhancement, and revenue bonds for natural gas and electrical capacity, as well as a number of sizable special purpose financings. Devin's practice includes representing clients in water, wastewater, transportation, public power, pollution control and other infrastructure financings. Devin has also represented multiple clients in connection with chapter 9 bankruptcies, restructurings and other workouts.Devin currently sits on the Strategy Council and Audit Committee for OneJustice, an organization dedicated to transforming the delivery of legal services to Californians in need.� Devin has also served on the Hiring and Summer Program Committees in Orrick's San Francisco office, and helps organize the office's summer associate pro bono projects and the firm's annual summer surf trip to Capitola Beach.�Prior to joining Orrick, Devin was a Chayes Fellow at Harvard Law School researching agricultural and environmental law and policy in the offices of the Central and Eastern European Working Group for the Enhancement of Biodiversity.

Jamie serves as our Executive Vice President of public/private partnerships and spearheads the company's American Campus Equity (ACE) program. Since joining ACC in 2007, Jamie has been responsible for overseeing ACC�s on-campus business development efforts. During the past six years, the on-campus team has been engaged to develop or completed 34 on-campus transactions totaling 25,712 beds and nearly $2.14 billion in total development cost. These transactions have been completed as both �third-party� tax-exempt bond financed projects and as ACC direct investments under the company�s ACE program.Prior to joining ACC, Mr. Wilhelm specialized in higher education and related non-profit finance. During an investment banking career that spanned nearly two decades, Jamie participated in the origination of more than $2.0 billion of debt and derivative transactions for more than 80 higher education institutions and non-profits. He also served as the investment banker for more than $350 million of ACC tax-exempt bond projects. Jamie joined ACC from RBC Capital Market's public finance department where he served as the managing director of the firm�s higher education practice.

Mr. Rosenblum, a senior vice president and Director of Municipal Credit Research in the Fixed Income Department, joined Sanford C. Bernstein and Company in 1990; Bernstein was acquired by Alliance Capital in 2000 with the firm subsequently renamed AllianceBernstein; he is also a member of the U.S. Tax- Exempt Fixed-Income Investment Policy Group. Before joining the firm, he spent nine and a half years at Moody�s Investors Service, most recently as vice president and managing director of Customer Services and before that as the managing director of Western Regional Ratings.He is a member of the Municipal Analysts Group of New York (and past Treasurer and Chairman); a member of the National Federation of Municipal Analysts (and served on its Board of Governors); and a member of the Society of Municipal Analysts. Mr. Rosenblum earned a B.A. from Brooklyn College and a Masters� Degree in City Planning from Harvard University.