Banco Popular de Puerto Rico

Domenic Vonella is currently Head of Municipals for Thomson Reuters. �He is responsible for operational, production and strategic initiatives for the Thomson Reuters municipal bond business segment.� He joined Thomson Reuters MMD in 2004, and has been instrumental in building the MMD brand through loyal customer service and developing MMD�s competitive advantages.� His background for municipal bonds is in general market and specialty state markets, such as Texas, Florida and California for both taxable and tax-exempt municipals.� He also closely works with strategists to monitor and report on short-term and long-term market trends.� Dom began working with the MMD analyst group after a brief period working on MMD's VRD product as an account manager. Prior to his work at Thomson Reuters, he was an equity market analyst with Reuters providing fundamental equity data to clients. Dom has a BS in Finance from Stonehill College and MBA from Curry College.

Stephan Whitaker is a research economist in the Research Department at the Federal Reserve Bank of Cleveland. His current work includes research on housing markets and studies of state and local public finance.Dr. Whitaker earned his PhD in public policy from the Harris School at the University of Chicago. He holds an MS in statistics from Colorado State University and a BA in economics from Columbia University. Before earning his doctorate, Dr. Whitaker served as a lieutenant in the U.S. Air Force.

Kathy Gallagher is President and founder of Gallagher Capital Corp., an asset management company specializing in Pacific Northwest municipal bonds.� Incorporating more than three decades experience in the regional bond markets, Gallagher sees strength, depth and diversity among Pacific Northwest municipalities and seeks to incorporate smaller, non-rated issuers with sound financials. �I believe that my clients� interests are best served when we invest in local communities based on independent research.�Gallagher is a 1979 Phi Beta Kappa graduate of Occidental College. A Pacific Northwest native and second generation investment advisor, Gallagher began her career at her father�s company in Portland (formerly Gallagher Capital Corp. and now operating as Pacific Crest Securities). In 1990, Gallagher joined Seattle Northwest Securities as Vice-President, Institutional Sales. While at Seattle Northwest, Gallagher was a senior producer, shareholder, and member of the Board of Directors. She also served as Trustee for the company�s Employee Retirement Plan.Gallagher Capital Corp. was established in January, 2004. Kathy Gallagher serves on the Board of PNCA, Pacific Northwest College of Art and chairs the Investment Committee. She is a member of the NFMA, National Federation of Municipal Analysts.

Mark Robbins is a professor in the Department of Public Policy at the University of Connecticut where he presently serves as Department Head. He received his PhD from Syracuse University�s Maxwell School and was on the faculty of the University of Georgia prior to coming to Connecticut.Robbins� research is principally focused in two areas; state and local government finance and citizen preferences for taxing and spending.� His work on citizen preferences included a three year multi city study and national study of the perceived costs and benefits from increased efforts in terrorism prevention and preparedness. He has also studied the ways that citizens process and resolve their preferences for taxing and spending when balancing a budget or considering new government initiatives.Mark has published dozens of articles in Public Budgeting and Finance, Public Administration Review the Municipal Finance Journal and many other outlets. He regularly serves as a peer reviewer and editorial board member.In addition to his scholarly efforts Robbins has served the profession as a member of the Government Accounting Standards Board Advisory Committee, the Government Finance Officer�s Association�s Debt Policy Committee, the National Association of Schools of Public Affairs Commission on Peer Review and Accreditation and as a research fellow for the Public Policy Institute of California.

Jeff Vaca represents CASBO before the Legislature and state government on subject matter expertise, analysis, political strategy and advocacy.� He serves as a governmental/political advisor and analyzes how legislation and policy of the state�s executive and legislative branches impact local education agencies.Prior to joining CASBO, Jeff worked for the California School Boards Association in a number of positions, and for 13 years at the California State University Chancellor�s Office, Governmental Affairs.� He is a graduate of the University of California, Berkeley, with a bachelor�s degree in political science.

Shelley J. Aronson is the President of First River Advisory L.L.C., an independent financial advisory firm which specializes in fashioning capital financing and debt management solutions for health care organizations. �First River Advisory is a Municipal Advisor registered with the Securities and Exchange Commission and the Municipal Securities Rulemaking Board.Since the establishment of First River Advisory in 1995, and in his prior life as an investment banker, Mr. Aronson has developed and implemented capital financing programs for large teaching hospitals, community hospitals, specialty hospitals, critical access hospitals, long-term care organizations and a hospice. �All of First River Advisory�s clients have presented challenging credit profiles. �Many bond issues have been sold in the high-yield market, a sector in which Mr. Aronson has been active since 1990. �Throughout his career, Mr. Aronson has promoted better organization, readability and completeness of clients� primary and secondary market disclosure information for which he has been commended by investment analysts and others on a number of occasions.Prior to forming First River Advisory, Mr. Aronson had a 10�-year stint as an investment banker with Chemical Securities and Manufacturers Hanover Securities Corporation. �Earlier in his career, Mr. Aronson had been associated with the New York State Medical Care Facilities Finance Agency, a major bond issuer, and the Bergen-Passaic (NJ) Health Systems Agency, a regional planning organization.Mr. Aronson is a Director at Large of the National Association of Independent Public Finance Advisors, from which he holds a Certified Independent Public Finance Advisor designation. �He is a member of the Healthcare Financial Management Association and the National Federation of Municipal Analysts. �Mr. Aronson was an active participant on the NFMA task force that developed the Recommended Term Sheet and Legal Provisions for Hospital Debt Transactions, and has moderated several panels at NFMA advanced seminars and at NAIPFA conferences.Mr. Aronson earned both Bachelors and Masters degrees from the University of Pennsylvania in Regional Science (urban and regional economics), with a concentration in urban and regional health care systems. �In addition, he has completed doctorate-level courses in health care policy and planning at New York University.�

Jay Goldstone, Managing Director, Public Finance Group, Mitsubishi UFJ Financial Group (MUFG).� He was hired by MUFG in October 2013 and is responsible for managing relations with state and local government clients and prospects including the origination and structuring of lines of credit, direct loans and placements, standby bond purchase agreements, letter of credit, and other related banking services.Prior to joining the bank, Mr. Goldstone had a successful 37-year career in municipal government in financial and executive capacities. He has held such positions as Chief Operating Officer and Chief Financial Officer for the City of San Diego, CA; Director of Finance for the City of Pasadena, CA; Manager of Finance for Maricopa County, AZ; Interim City Manager and Director of Finance for the City of Richmond, CA; and Deputy Director of Finance for the City of Santa Clara, CA.Mr. Goldstone has served on the Board of Directors of the Municipal Securities Rulemaking Board and was Chair of the Board from October 1, 2012 to September 30, 2013.� He served as a Commissioner on the California Debt and Investment Advisory Commission for seven years, as Chair of the League of California Cities Revenue and Taxation Committee for one year and is currently Co-Chair of the California State Treasurer’s Task Force on Bond Accountability and a technical advisor for the GFOA Debt Policy Committee.Mr. Goldstone received a Bachelor's degree from the University of Minnesota, a Master's degree in Public Administration from Arizona State University, and a Master's degree in Business Administration from Santa Clara University.

Debby Cherney was hired as Assistant General Manager, Finance and Administration at the Eastern Municipal Water District (EMWD) in August 2012, and was named Deputy General Manager in early 2014.� In this capacity, Debby�s oversight includes approximately 200 employees and responsibility for all administrative services including finance, information systems, human resources, customer service, purchasing and contract management, safety and risk management.Prior to joining EMWD, Debby was the Executive Director of Finance and Administrative Services at Irvine Ranch Water District in Irvine, California for seven years and spent 15 years prior to that in management consulting, working with public agencies and private companies.Debby is a Certified Public Accountant, licensed in the State of California.� She has a Bachelor�s degree from ClaremontMcKennaCollege and an MBA from the University of California, Irvine.��