Banco Popular de Puerto Rico

Kent Hiteshew is thefirst Director of the U.S. Treasury Department’s newly established Office of State and Local Finance where he advises the Secretary of the Treasury and other senior Treasury officials in the development of public policy pertaining to infrastructure finance, distressed municipal credits, and public pensions, among other topics.� Kent also oversees a team of policy advisors dedicated to advancing Treasury’s knowledge of, and expertise in, the municipal bond market.Mr. Hiteshew joins Treasury after a 30-year career as a public finance banker, including more than 23 years at J.P. Morgan, and its heritage firm Bear Stearns, where he oversaw the firm’s Northeast Region and Affordable Housing Finance Groups.� Over the course of his career in public finance, Mr. Hiteshew raised billions of dollars of infrastructure capital on behalf of many of the municipal bond market’s largest issuers, including: the City of New York, the New York Metropolitan Transportation Authority, the Dormitory Authority of the State of New York, the State of California, the Commonwealth of Massachusetts and the City of Philadelphia.� He also raised more than $40 billion of affordable mortgage financing for more than 20 state housing finance agencies.Prior to his career in investment banking, Mr. Hiteshew worked in the Mayor’s Office for the City of New York and the U.S. Department of Housing and Urban Development in Washington, D.C.Kent is a former member of the Citizens Budget Commission and the Citizens Housing and Planning Council and a Governor of the Municipal Forum of New York. �Mr. Hiteshew holds a B.S. from Rutgers University (1976) and an M.R.P. from the University of North Carolina at Chapel Hill (1978).� Mr. Hiteshew can be reached by e-mailing:� StateAndLocal@Treasury.gov.

As Moffatt & Nichol's Chief Economist, Dr. Walter Kemmsies directs and oversees the firm's work related to market studies, financial analyses, global trade and economic trend forecasts. He has led projects ranging from strategic development plans for ports through merger and acquisition transactions of port-related entities to terminal-operator expansion decisions. Dr. Kemmsies is also an advisor to executives at various port authorities and major transportation and manufacturing companies.Dr. Kemmsies is a registered financial analyst with a strong background in industry analysis. He has presented his research at major industry conferences and international economic forums. His research has been published by investment banks, business periodicals, academic journals and various publications. He also contributes a monthly column in American Shipper, economic outlook reports for Rosenblatt Securities, and contributes to the Federal Reserve's Survey of Professional Forecasters. He is a member of the National Association of Business Economists, the Council of Supply Chain Management Professionals and the advisory board of the Center for Advanced Infrastructure and Transportation at Rutgers University.Dr. Kemmsies received his Doctorate in Economics from Texas A&M University. He has a Master of Arts in Economics and a Bachelor of Arts in Economics from Florida Atlantic University.

Elizabeth (Lizzie) Baird concentrates her practice on securities enforcement defense, internal investigations and regulatory counseling. Lizzie routinely represents broker-dealers, public companies, investment advisers and individuals in connection with investigations before the SEC, FINRA, CFTC, CFPB, and other self-regulatory organizations and government agencies.� Having traded municipal bonds on Wall Street for nearly a decade, she has experience with the daily activities and needs of active participants in the securities markets. Lizzie has been recognized by Chambers USA as a leading securities regulation practitioner.

Charlie Giffin, Executive Director, Head of Public Finance Debt Capital Markets, has been with J.P. Morgan�s Public Finance Group for 15 years. Mr. Giffin oversees municipal products and product development, in addition to managing technology, regulatory, risk, and control initiatives for the Public Finance Department. Mr. Giffin has a broad background in municipal bond structuring, quantitative solutions, tender offers, derivative solutions, risk management, and product development. Mr. Giffin received a BA from Wittenberg University in Economics and Management, and an MBA from New York University with a concentration in Finance.

Dan Campbell joined ACA in May 2011 as a Senior Principal Consultant. Now a Managing Director, Dan provides advice to investment advisers, hedge fund managers, and private equity firms on compliance with federal securities laws. In this role, he manages and conducts compliance program reviews and mock SEC inspections of investment advisers and assists these firms in identifying and addressing their unique compliance and operational risks.Dan also helps clients write customized compliance manuals, reviews trading activity and disclosure documents, conducts forensic testing on various risk areas, and prepares investment advisers for registration with the Securities and Exchange Commission (�SEC�). In addition, he provides compliance consulting to municipal advisors, which includes assistance in developing supervisory and compliance programs. Besides his consulting work, Dan speaks at industry events, participates on industry expert panels, and writes articles on current compliance issues for widely read industry periodicals.Prior to joining ACA, Dan served as Assistant Regional Director at the SEC�s Atlanta Regional Office. While there, he supervised three branch offices conducting registered investment adviser, investment company, and broker-dealer examinations. During this period, Dan took part in strategic planning for investment adviser and investment company examinations, which included communicating Office of Compliance Inspections and Examinations goals to his managers and staff. Dan also trained and coached his managers and staff on examination techniques and regulatory initiatives and maintained regular communications with various SEC divisions and offices, investors, registrants, and other regulatory agencies.Dan earned his Bachelor of Business Administration degree from James Madison University. He received his MBA from Emory University�s Goizueta Business School. Dan is a Certified Fraud Examiner and has passed the Level I Exam of the Chartered Alternative Investment Analyst program.

Jennifer Soule joined Standard & Poor’s US Public Finance Group in�2004 and is currently a Director in Corporate and Government Ratings.�Jennifer is Standard & Poor’s primary healthcare analyst for Boston�and other areas of the east/northeast region. Jennifer also follows the�credit of colleges and universities and is the sector lead for human�service providers.Prior to joining Standard & Poor’s, Jennifer spent time as a business�process improvement consultant at Ernst & Young and as a senior�analyst at Harvard Pilgrim Health Care, focused on financial risk�arrangements for hospitals and physician practices.�Jennifer is a member of the Healthcare Financial Management�Association’s Massachusetts/Rhode Island Chapter, the Boston�Municipal Analysts Forum and the National Federation of Municipal�Analysts.Jennifer holds a Master of Business Administration degree in�finance from Bentley University and a Bachelor of Science degree�in business administration and accounting.

Eugene A. DePasquale became Pennsylvania’s 51st Auditor General January 15, 2013. As the state’s chief fiscal watchdog, Eugene is committed to seeing that taxpayer dollars are spent properly and effectively.Eugene is focusing audits on areas that will improve the lives of all Pennsylvanians and prepare our state for a brighter future. His audits have found fraud, errors and other financial issues in school districts and charter schools to the tune of well over $20 million.� The audits also have shown how the state can do a better job of protecting drinking water and ensuring the humane treatment of animals.He conducted a large-scale audit of the Department of Environmental Protection’s monitoring of water quality related to Marcellus Shale gas drilling; revealed state dog law enforcement issues; pushed for more transparency and governance changes at Penn State and other state-related universities; and investigated the Department of Human Service’s failure to pay workers who provide in-home care for the elderly and people with disabilities. Eugene is a strong advocate for improving safety on college campuses and providing a family-supporting minimum wage.As Auditor General, Eugene is outspoken about charter school financial abuses and the need for education funding reform. He continues to demand public school officials be more responsible with tax dollars while he is fighting to ensure more dollars get to the classroom in an effective way.Under Eugene’s leadership in his first year, the department identified more than $40 million in corporate tax underpayments, misallocated funds, and potential fraud.Eugene raised significant concerns that helped stop plans to privatize the state lottery. He encouraged two of the state’s leading health care providers – UPMC and Highmark – to open their coverage networks to ensure access to quality health care. He helped lead the bi-partisan effort to adequately fund much-need transportation infrastructure improvements across the state.In his first year as Auditor General, Eugene reformed his department by conducting an internal audit and making dramatic reforms to improve office efficiency and save an estimated $2 million, including:Reducing travel expenses, including cutting the vehicle ���� fleet by more than 65 percent – a $750,000 savings;Eliminating a backlog of 1,500 audits in the first 90 days;Initiating a multi-year strategic information technology upgrade;Creating a long-term plan for fiscal stability;Cutting costs by reorganizing the department;Improving efficiency with electronic audit distribution and record-keeping systems, a $694,000 savings;Saving $164,000 a year by eliminating internal printing operation; andSaving $400,000 in lease expenses by consolidating office space and reducing parking leases.Prior to his service as Auditor General, Eugene was a member of the state House of Representatives where he was known as a leading reformer committed to quality education and a healthy environment.Eugene was born and raised in Pittsburgh.� He received his law degree from Widener University School of Law, Master’s from the University of Pittsburgh and undergraduate degree from the College of Wooster in Ohio.� He is a graduate from Pittsburgh Central Catholic High School where he was a member of the state championship football team.Eugene lives in York County with his wife Tracey, and their children, Ben and Sarah. He is active in his church and in coaching youth baseball.