Banco Popular de Puerto Rico

Robert Poole is Director of Transportation Policy and the Searle Freedom Trust Transportation Fellow at the Reason Foundation. He received his B.S. and M.S. in mechanical engineering at MIT and did graduate work in operations research at NYU.His 1988 policy paper proposing privately financed, congestion-relief toll lanes inspired California’s landmark public-private partnership pilot projects law (AB 680), which has served as the prototype for more than 20 similar laws in other states. In 1993 he directed a study that introduced the term HOT Lanes.Poole has been an advisor to the Federal Highway Administration, the Federal Transit Administration, the White House Office of Policy Development, and the DOTs of California, Florida, Georgia, Indiana, Utah, Virginia, Texas, and Washington State. He served on the Caltrans Privatization Advisory Steering Committee, in 1989-90, and was a member of California’s Commission on Transportation Investment in 1995-96.He is a member of the board of the Public-Private Partnerships division of ARTBA and a member of the Transportation Research Board’s Managed Lanes Committee. In 2003-05 he was a member of the TRB’s special committee on the long-term viability of fuel taxes for transportation funding. In 2008 he served as a member of the Texas Study Committee on Private Participation in Toll Roads. In 2010 he served as a member of the Expert Review Panel on Managed Lanes, for the Washington State DOT. He also served on the transition team for Florida’s Gov.-Elect Rick Scott. He writes a monthly column on transportation policy issues for Public Works Financing, and publishes the monthly e-newsletter, Surface Transportation Innovations.

Jesse J. Hereford serves as Director of Public Affairs at the North American Development Bank (NADB).� As Director of Public Affairs, Jesse oversees all departmental functions, recommends policy direction and strategy, manages U.S. federal legislative affairs and acts as an agency spokesperson.Previously, Mr. Hereford served as the Director of Government Relations and Business Development for S&B�Infrastructure (S&BI). Prior to joining S&BI, Jesse worked for U.S. Senator Kay Bailey Hutchison of Texas in both her state and Washington, D.C. offices.He holds a Master of International Business Administration from the University of San Diego and a Master of Public Administration and a Bachelor of Arts from the American University.

Asha Mathew is a Vice President at Assured Guaranty where she is a senior underwriter in the Public Finance Eastern Region group.� Asha analyzes a broad scope of credits, including transportation, utility and excise tax sectors.� Prior to joining Assured Guaranty in 2010, Asha began her career in the municipal bond insurance industry at Radian Asset Assurance where she was a lead analyst reviewing Texas special districts and utility credits.�� She is a graduate of the New York Institute of Technology.� Asha is also a member of the Municipal Analysts Group of New York and National Federation of Municipal Analysts.�

Joined FirstSouthwest in 1996Serves as Managing Director of FirstSouthwestManager of Special District Finance GroupSpecialist in special district bonds in the State of Texas since 1983:� municipal utility district, levee districts, road districts, tax increment districtsClient base includes major master planned communities and residential and commercial projects throughout the State of TexasCoordinates the development and implementation of financing plans, the approval by State of Texas agencies, preparation of all marketing documents and credit assessments necessary to the sale of securitiesFrom 1986 to 1996, served as an executive with Masterson Moreland Sauer Whisman, Inc., which was acquired by FirstSouthwest in 1996From 1983 to 1986, served as an executive with Juran & Moody, Inc.EducationBachelor of Business Administration in Marketing and Finance, University of HoustonCurrent AffiliationsAdvisory Member for the Masters of Land Development at Texas A&M UniversityAdvisory Member for West Houston Quality Planned Development CommitteeLicenses HeldRegistered Representative of the Financial Industry Regulatory Authority (FINRA)General Securities Representative, Series 7Municipal Advisor Representative, Series 50Uniform Securities Agent, Series 63Investment Banking Representative, Series 79�

Earl Heffintrayer is Assistant Vice President/Analyst for the Global Project Finance and Infrastructure Team. Earl is the U.S. airport sector lead analyst, and covers a diversified portfolio concentrated in transportation. Earl also actively leads new ratings on bids in the growing US public private partnership (P3) market.Prior to joining Moody’s, Earl worked at the Port Authority of New York and New Jersey where he primarily analyzed alternative capital project delivery methods. Earl began his career as a civil engineer on large infrastructure projects in the New York City region. Earl holds an MBA from Stern School of Business at New York University and a BS in Civil and Environmental Engineering from the University of Rhode Island.� Earl is a CFA charterholder.

Roy Ousley is an Associate Analyst for the Dallas Local Governments Ratings Team at Moody’s, covering credits primarily in Arkansas and Texas.� Roy has worked on General Obligation issuances for school districts, cities, and counties.� In addition he leads credit and research initiatives for Moody’s Texas Municipal Utility District (MUD) group.�Prior to joining Moody’s, Roy was a Revenue Analyst for Cook County in Chicago.� Roy holds a BS from Florida A&M University and an MBA from Northwestern University’s Kellogg School of Management.

John Godfrey is a senior government relations director for the American Public Power Association, where he provides advocacy and subject matter expertise on financial issues including tax policy. Previously, he served clients in the energy sector while working for tax-focused federal policy consulting firms. Mr. Godfrey also had an 18-year career as an award-winning reporter, 16 years of which were spent covering the U.S. Congress, the Internal Revenue Service, and the White House, providing market-moving coverage of federal tax, budget, and fiscal issues. He earned his BA at Oberlin College.

R. Dustin Traylor has been with RBC Capital Markets since 2001.� He is a Managing Director in the firm’s San Antonio, Texas office.� His primary role is serving as financial advisor and underwriter to Texas Municipalities. He has a BBA in accounting from Texas A&M University and an MBA from Baylor University.Client Base includes Texas ISD’s, cities, counties, and hospitalsFocusing on the planning and implementation of long term capital improvement financing plans for entities throughout the stateLicenses Held:Registered Representative of the Financial Industry Regulatory AuthorityGeneral Securities Representative Series 7Municipal Advisor Representative, Series 50Uniform Securities Agent Series 63Investment Banking Representative, Series 79Current Affiliations:Board Member Texas Municipal Advisory Council

Ellis serves as a Managing Director in Fixed Income Research for RAYMOND JAMES�. His primary responsibilities include product and portfolio analysis for institutional fixed income investors with an emphasis on Total Rate of Return strategies, Insurance Services, and Municipalities. Ellis spent over 10 years in fixed income portfolio management, most recently as Director of Fixed Income for the Employees Retirement System of Texas where he was responsible for the overall management of a $6B fixed income portfolio benchmarked against the Barclays Aggregate index. His experience includes managing most mortgage, agency, corporate, CMBS, ABS and US treasury portfolios. Prior to joining Morgan Keegan, Ellis was the Agency and Market Strategist and Head Technical Strategist for FTN Financial where he worked with portfolio managers across asset classes on various total return strategies. He earned his MBA from The University of Texas at Austin and his B.S. in Finance from the University of New Orleans and holds the Chartered Financial Analyst and Chartered Market Technician designations.