Banco Popular de Puerto Rico

Remy �Hathaway manages directs analytics, research and the derivatives practice at Prager & Co. He has 18 years of experience in developing quantitative models for financial and scientific applications, and has advised clients on over $20 billion of derivative and bond transactions. Mr. Hathaway primarily works with higher education and not-for-profit institutions, developing strategic frameworks for evaluating debt and derivative products. Prior to joining the firm in 1996, Mr. Hathaway was a research associate with First Quadrant Corp., a portfolio management firm.Mr. Hathaway graduated from the California Institute of Technology with a B.S. in both Computer Science and Economics. He is a FINRA Registered Municipal Securities Principal.

Navin Sharma is responsible for risk management of BlackRock�s municipal and SMA businesses as well as acting as the Risk & Quantitative Analysis liaison to the BlackRock US Mutual Funds boards.� Previously, he was responsible for risk management of Western Asset Management�s New York Office focusing on municipal, money markets, insurance, and SMA businesses.� Prior to that role, he was Director of Risk Management at OppenheimerFunds with oversight responsibility of the firm�s fixed income and equity funds reporting to senior management and chairing the firm�s Investments Risk Management Committee as well as reporting and presenting to the firm�s mutual funds boards.Mr. Sharma�s background includes over 26 years in the financial industry with senior positions at the Vanguard Group, Fannie Mae and Nomura Research Institute.� He received a Master of Science degree from the Moore School of Engineering at the University of Pennsylvania, and a BA from Temple University.Mr. Sharma was most recently the Co-Regional Director of �PRMIA NY, and is a member of its Global Council overseeing all chapters.� He is also a member of SQA and the IAFE.� He has been an original member of the ICI�s Risk Advisory Committee; advanced efforts on behalf of the Independent Director�s Council; and participated in the Buy Side Risk Manager�s Forum.� He has also been a speaker at numerous conferences.

Susan Musselman has provided financial advisory and debt underwriting services for governmental entities in the Northwest since 1982.� Ms. Musselman has served as an independent financial advisor since August 1996, when she initially formed SDM Advisors.� Prior to that time she served as investment banker at various underwriting firms, most recently, Piper Jaffray.� Ms.�Musselman joined Public Financial Management, Inc. in the first half of 2013, when she accepted responsibility for leadership of the Northwest practice.Ms.�Musselman�s client base is varied and includes many counties and public universities, as well as cities, special purpose districts and State agencies.� She serves as financial advisor to 25% of the State�s counties, or approximately 2/3rds of those who issue debt.� She also leads engagements for a number of cities in Washington, including Bothell, Tacoma (Public Utilities), both of which are home to University campuses; and a variety of special purpose districts including King County Library System, and school districts.� Her experience includes lease purchase, real-estate backed and revenue financings, as well as general obligation and assessment backed financings.� Ms. Musselman serves as financial advisor to the Office of the Washington State Treasurer for their Lease Purchase Program.� In her role as advisor to the State Treasurer, she has assisted with lease purchase/COP financings for University of Washington, in addition to other universities and state agencies.� She has served as financial advisor for Washington State University since 1996; and serves as financial advisor for Portland State University, Western Washington University, Central Washington University, Eastern Washington University, and The Evergreen State University.�Ms. Musselman has a BA in Business Administration from the University of Washington, with concentrations in Finance and in Business, Government & Society.� She is a frequent speaker at finance conferences in Washington and nationally.� She has served as instructor for national GFOA classes and has conducted GFOA webinars on refunding bonds and regulatory matters.� She frequently speaks at WFOA conferences, WSACT, WMTA, and other in-state finance organizations, and has taught a Debt Issuance class for WFOA annually for many years.

Thad Calabrese studies public and nonprofit financial management, applying the principles of business finance to organizations involved in the production or co-production of public goods and services. His research focuses on two related themes of finance: 1) What are the factors � both internal and external - that nonprofit and public organizations consider when acquiring and using resources? 2) How do these factors influence organizational financial capacity, sustainability, reporting, and accountability?His research has appeared in the Journal of Accounting and Public Policy, Public Administration Review, Nonprofit and Voluntary Sector Quarterly, Public Budgeting and Finance, Nonprofit Management & Leadership, among others. He has co-authored two texts: Financial Management for Public, Health, and Not-for-Profit Organizations, 4th Edition (Pearson Prentice Hall), and Accounting Fundamentals for Health Care Management, 2nd Edition (Jones and Bartlett Learning).Thad was elected to serve on the Executive Committee of the Association for Budgeting and Financial Management (3-year term, beginning in 2012). He has also served for several years on the Audit Committee of the Support Center for Nonprofit Management, which provides consulting services, transition management, and training to nonprofit organizations primarily in New York and New Jersey. Before joining the Wagner School, Thad was on the faculty at the School of Public Affairs at Baruch College � CUNY. Prior to academia, Thad worked in the New York City Office of Management and Budget and also as a financial consultant working with nonprofit organizations in New York City.�

Todd L. Ely is an assistant professor in the School of Public Affairs at the University of Colorado Denver and a research affiliate with the Buechner Institute for Governance. His research and teaching focus on the financing of state and local public services, municipal debt, education finance and policy, and public and nonprofit financial management. Todd�s current research examines access to capital by nonprofit organizations, including charter schools and institutions of higher education. His recent publications can be found in The American Review of Public Administration, Public Administration Review, Public Budgeting & Finance, and Urban Affairs Review. Todd received his undergraduate degree from Emory University, Master of Public Administration (MPA) from the University of Arizona, and PhD from the Robert F. Wagner Graduate School of Public Service at New York University.

Over 25 years of experience in the financial information services industry including senior positions at: Bloomberg, Merrill Lynch, Interactive Data, Standard and Poor�s, Thomson Financial and DTCC. Expertise in fixed income valuation and credit analysis/surveillance, reference database design and development, back office accounting operations, and mid office risk monitoring.

William Glasgall is Director of Public Finance at The Volcker Alliance in New York. A four-decade veteran financial journalist, Bill brings to the nonpartisan, nonprofit organization a deep knowledge of state and local government finances and fiscal policies and leads the Truth in State Budgeting and Financial Reporting project that is building on recommendations made in 2013 by the State Budget Crisis Task Force headed by Volcker Alliance Chairman Paul Volcker and former New York Lieutenant Governor Richard Ravitch. Bill is also senior adviser to the Ravitch Fiscal Reporting Program at the CUNY Graduate School of Journalism in New York.Bill came to the Alliance from Bloomberg News, where he directed U.S. local-government coverage as Managing Editor for States and Municipalities that received awards from the National Press Club Foundation and other organizations. He also served as co-host of Bloomberg’s Global Week Ahead Podcast, as well as Editor-at-Large and Enterprise Editor, and has been a featured speaker at conferences held by Bloomberg, the Bond Buyer, Governing Magazine, Investment Advisor, and TD Ameritrade. Before joining Bloomberg, Bill spent almost 20 years at BusinessWeek Magazine as Senior Writer and Senior Editor, winning two Overseas Press Club prizes for international reporting and heading the magazine’s personal finance and lifestyle sections. He was also a regular commentator and host on the PBS-TV show “This Week in Business,” Editorial Director of the Investment Advisor Group, vice-president at Standard & Poor’s Corp., and a reporter and editor at the Associated Press and the Star-Ledger in Newark, New Jersey.Bill is a Trustee of the Overseas Press Club Foundation and former member of the Board of Overseers of the Knight-Bagehot Fellowship Program in Economics and Business Journalism at Columbia University, where he was a Fellow. He is a graduate of Boston University and lives in New Jersey.

Stewart Mhyre has been working in school business and operations for the past 21 years.� He started his career at the Mount Baker School District a small 2,000 student school district in Whatcom County. Stewart is now working for the Edmonds School District, the 10th largest school district in the state with over 20,000 students in 33 schools.� This past February the Edmonds School District passed a $275 million dollar bond issue.