Banco Popular de Puerto Rico

Andrew Kalotay is a leading authority on the valuation of fixed income securities and a prolific contributor to academic and trade literature. His firm licenses bond analytics, and provides debt management advisory services. The firm’s patent-pending ‘tax-neutral’ method for the valuation and risk analysis of munis has been licensed by leading financial institutions.Before establishing Andrew Kalotay Associates in 1990, Dr. Kalotay was with Salomon Brothers. Prior to Wall Street, he worked at Bell Laboratories and AT&T. On the academic side, he was the founding director of the graduate Financial Engineering program at Polytechnic University (now part of NYU).Dr. Kalotay holds a B.Sc. and M.Sc. from Queen's University and a Ph.D. from the University of Toronto, all in mathematics.� He was inducted into the Fixed Income Analyst Society’s "Hall of Fame" in 1997.

Hardy Manges is Head of Municipal Dealer Sales at MarketAxess, responsible for new business development and strategy, training, and relationship management with dealers in the institutional municipal market.� Mr. Manges joined MarketAxess in February 2016 from Cantor Fitzgerald & Co. where he was Co-Head of the Municipal Debt Capital Markets Group.� Prior to that he was Head of Municipal Sales and Trading at Mitsubishi Securities.� He has extensive experience in secondary municipal market liquidity and trading and has held a variety of senior positions in the municipal divisions of Alex. Brown & Sons, BankersTrust and Deutsche Bank.� Mr. Manges received an M.B.A. in Finance from Loyola University Maryland and a B.A. in Economics and Spanish from Denison University. �

David D. Jamison was named Executive Director of the Iowa Finance Authority in January of 2011. Prior to�his current�appointment he served as Story County, Iowa�Treasurer from 1995-2010.��Dave is an Iowa native, US Marine Corps veteran and a graduate of Iowa State University, where he received a BBA in Management.��He also holds a Finance Master certificate from the National Association of County Collectors, Treasurers and Finance Officers (NACCTFO) through the University of Missouri – St. Louis.While Treasurer, Dave was President of the Iowa State County Treasurers Association, Co-chair of the ISCTA Website Task Force that established the IowaTreasurers.org Web site for all 99 county treasurers, and Chair of the Education Committee for NACCTFO.Mr. Jamison serves on the National Council of State Housing Agencies Board of Directors. He also volunteers his time freely in organizations and service clubs such as Iowa Donor Network (Board Chair), Story County Medical Center Foundation Board, Rotary, The American Legion and� La Societe des Quarante Hommes et Huit Chevaux (40 & 8).

Bob Kyle is a highly respected lawyer assisting clients with public policy and Washington-based problems. Having served in senior positions in both the White House and Congress, Bob is well positioned to help clients navigate the entire Washington landscape. Skilled in challenges that involve international dimensions and substantive complexity, Bob also brings 15 years of private sector experience in helping clients solve difficult problems. He is widely seen as one of the most savvy and effective attorneys helping in Washington. Bob brings a wealth of government experience to the table in solving his clients' interests. Prior to joining Hogan Lovells in 2001, he served in the Clinton White House, first as Special Assistant to the President for International Trade and Finance with the National Security Council and the National Economic Council, then as one of the influential "PADs" at the Office of Management and Budget, where he oversaw a US$300 billion budget covering most international functions of the government, including the Department of Defense, State, Treasury (international functions), and the intelligence agencies. Since joining Hogan Lovells, Bob has helped clients in a variety of areas, with special focus on those with international dimensions. These include U.S. sanctions, Phone +1 202 637 5494 Fax +1 202 637 5910 Email robert.kyle@hoganlovells.com Practices Areas of Focus Education and admissions Education International Trade and Investment Government Relations and Policy Advocacy Export Controls Foreign Government Representation Trade Legislation, Policy, and Negotiations CFIUS, export controls, taxes, energy policy, budget issues, trade restrictions, and trade agreements policy. He manages issues involving regulatory compliance, government advocacy, outreach to foreign embassies and foreign governments, crisis management and corporate strategy.

Keith Kolb currently oversees the activities of all of the Baird Public Finance offices. Keith is responsible for maintaining a variety of client relationships and recruiting senior level public finance professionals to add to Baird’s sector and regional presence . Under his direction, Baird has become a leading municipal financial advisor and bond underwriter in the nation and grown to over 70 professionals, becoming one of the largest middle-market public finance departments in the country. Keith has experience in the structuring and restructuring of virtually all types of tax-exempt and taxable financings. He has extensive experience working with state, state authorities, local governments, school districts, special districts, health care providers and higher educational institutions.Before joining Baird, Keith practiced municipal bond law at Mulcahy and Wherry, SC for three years, specializing in federal taxation and general finance areas. He received a JD degree from Marquette University Law School and a BS degree in Business Administration from Marquette University.

Katie joined the Midwest Regional Ratings Team in October 2010. She currently serves as the local government state lead for Wisconsin and state backup for North Dakota. In addition, she has extensive experience rating local government credits in Minnesota, Michigan, and Illinois. Prior to joining Moody’s, Katie worked as a budget analyst with the Chicago Transit Authority, the nation’s second largest public transportation company, and as a project manager with HVS, where she analyzed the feasibility and economic impacts of public assembly facilities. Katie earned her BA in American Studies from Williams College in Williamstown, MA and her Master of Public Policy degree from the University of Chicago.

Jeff Peelen is a multi-disciplinary attorney dedicated to helping clients by developing efficient processes and systematic solutions for addressing broad regulatory and legal challenges.Jeff is a past Chair of our firm's Public Finance group (a Midwestern powerhouse) and presently leads our firm's municipal securities dealer team. Jeff's team provides broker-dealer / investment advisor regulatory advice, and defends securities dealers in litigation and enforcement actions. The team also serves as disclosure and underwriter's counsel — both on individual transactions of all sorts, and, more and more commonly, across broad categories of transactions (e.g., all general obligations or municipal revenue obligations) for an underwriter in one or multiple states.Jeff is also the founder of our firm's Political Law group. Building on an interest dating back to his days as Editor in Chief of the Georgetown Law Journal, Jeff has developed a 50-state political law compliance program with a national reputation. Jeff helps large organizations, generally with broad political footprints, manage the compliance aspects of their State and federal government affairs programs.Jeff holds and has held significant leadership positions within our firm, giving him a broad perspective and making him an excellent counselor, strategist and client relationship lawyer. Jeff prides himself on helping clients become more sophisticated consumers of legal services, and serving clients through teams that work in synch with clients and the rhythm of their businesses.Jeff serves on our firm's elected Executive Committee, and is one of two national Section Chairs. As Section Chair, Jeff works with our Firm Chair and Firm Managing Partner to manage the strategic direction and performance of half the firm's industry teams and practice groups (in Jeff's case, our transactional practices). Jeff also led our firm's lateral partner recruiting program for three years, helping drive our firm's growth strategy in the aftermath of the Great Recession.Jeff is a technology enthusiast (with an undergraduate degree in mathematics and computer science) and brings great energy to his work — with clients he truly enjoys. Outside the firm, Jeff is the co-founder of SysSpark LLC, a technology innovation company that works with innovators to transform ideas into early stage software offerings. The son of an accomplished marathon runner, Jeff is also a part owner of HubieFit, a fitness company with a focus on triathlon training and gear. If you're brave, ask Jeff about his (not) patented "green juice" blend — which he claims is the secret to his modest training success.Jeff lives in Franklin, Wisconsin, with his wife Roxanne and their three children: Jack, William and Madeline.

Craig is responsible for providing fixed income market and investment strategy to Baird’s Private Wealth Management Group. In addition, he provides credit research support for municipal bonds, corporate bonds and preferred stocks. He is also responsible for the publication of the Baird’s Fixed Income Weekly Update. Prior to joining Robert W. Baird, Craig was a Senior Vice President in the Fixed Income Research Department at Morgan Keegan serving as the senior analyst for the Retail Fixed Income Trading Desk. He provided research support on corporate bonds and preferred stock issues. In addition, he was the liaison to both Morgan Keegan's Consulting Economist, Dr. Donald Ratajczak and to the Economic Forecasting Center at Georgia State University.Craig is a member of the Fixed Income Analyst Society, the CFA Society of Chicago, the CFA Institute and the Chicago Council on Global Affairs. He received his BBA in Business Administration with a major in Finance from the Fogelman College of Business and Economics at the University of Memphis and received a MBA from Christian Brothers University in Memphis.

Lois Scott, President, Epoch Advisors, is a senior finance executive, entrepreneur and civic leader.� She serves on the board of MBIA Inc. (MBI - NYSE) where she is a member of the Audit Committee and the board of other privately held financial services companies.Lois’ functional experience includes financial and business strategy, driving revenue growth and profitability, investor relations, financial turnarounds, and asset and liability management in government and regulated industries.From 2011-2015, Lois served as the Chief Financial Officer for the City of Chicago, the first woman to ever serve in that capacity. With over 30 years of finance experience, Mayor Rahm Emanuel entrusted Lois and the City’s finance team with an annual budget of $7.5 billion and assets of $32 billion.� As CFO, she had financial oversight of essential City services as well as O’Hare Airport, Midway Airport, the City’s public-private infrastructure partnership contracts, and water and wastewater systems serving more than 5 million people. �Lois brought corporate-style investor relations and enhanced disclosure to municipal government, launching the City’s annual investor conference in 2011.� She served as trustee for public pension funds with assets of $5 billion and a $3 billion deferred compensation plan.� Lois oversaw bank relationships with the largest banks in the world, worked with 67 investment banking firms, was the most requested speaker of the Emanuel administration, including keynoting conferences in China, D.C. and serving as special advisor to the Clinton Global Initiative on infrastructure and finance.Lois has been an entrepreneur and builder throughout her career. �In 2011, Lois co-founded and chaired the Municipal CFO Forum with the Harris School of the University of Chicago.� The Forum convenes the CFO’s of America’s 30 largest cities for discussion at conferences twice each year and provides a powerful springboard for introduction of new ideas and adoption of best practices.From 2002-2011, Lois was CEO of a financial advisory firm with offices in New York, Chicago, Houston, Newark, Columbus and Anchorage that served large corporate and governmental clients.� The firm was acquired by PFM in 2011. Prior to that, she served as President and Vice Chair of a technology company that provided a family of services to schools.� In that role, she recruited the management team, led its efforts to raise $23 million in equity and was extensively involved in sales and marketing in 26 states.� The firm’s technology was sold to a publicly traded company in 2001.� Lois also helped launch Homeboyz Interactive in Chicago, a pioneering social enterprise that worked with gang-influenced youth, translating their street experiences into career success in the technology industry.�Lois is well known as one of the founders of Women in Public Finance, a professional organization started in 1995 that now serves 1,500 people in the finance industry through 12 chapters across the country.� She was also the driving force behind creation of the “Women of the Year” event honoring the accomplishments of women in the public finance field.Lois started her career at First Chicago (now JPMorgan), where she was responsible for governmental, health care and higher education clients in an 8-state region including California.� She quickly rose in the investment banking field to become one of the youngest Principals at Donaldson, Lufkin & Jenrette, (now Credit Suisse).� She helped relaunch Bank of America’s public finance efforts in the Midwest, gaining national attention and awards for her work.In 1997, Lois was selected to serve as one of 15 White House Fellows and tasked with advising President Clinton’s administration on the financial crisis in Southeast Asia. She later chaired the Management Committee of the Export-Import Bank, responsible for management issues affecting the 450-person, $800 million organization.�Throughout her career, Lois has helped those in need and been active in her community. She has served on the board and/or been involved with dozens of organizations, including Children’s Memorial Hospital (policy committee), Chicago Development Fund, Free the Children/We Day, IFF, The Chicago Network, Leadership Greater Chicago, White House Fellows Association, National Louis University, Better Government Association, North Avenue Day Nursery, City Lit Theater Company and The Bond Club of Chicago, among others.Lois’ work has been recognized by many, including Crain’s Chicago Business “40 under 40”, “Women in Black” for top women in technology, Today’s Chicago Woman’s list of “Most Influential Women in Chicago” and as a leading entrepreneur in National Journal, Forbes Small Business and BusinessWeek websites.� In 2011, she won lifetime achievement honors from the public finance industry and won the 2015 “Freda Johnson” award for trailblazing women in finance.Lois grew up in upstate New York in a family of four daughters that encouraged leadership, education and community service.�� At 17, she enrolled at Cornell University to study Labor Economics and completed her MBA in Finance from Cornell’s Johnson Graduate School of Business at the age of 22.�Today, Lois divides her time between Epoch Advisors, corporate boards and leadership on key civic initiatives, philanthropic causes and social investments.�