Banco Popular de Puerto Rico

Amy Kessler is a senior vice president and head of Longevity Reinsurance within Prudential Retirement's Pension Risk Transfer business. In 2011, Amy led Prudential's successful launch of this product with a transaction to reinsure the pension longevity risk of Rothesay Life, Limited, a wholly-owned subsidiary of Goldman Sachs, providing risk cover to U.K. pension funds. Together with her team, Amy was awarded three additional significant reinsurance transactions in 2011, including a portion of the Rolls Royce transaction with Deutsche Bank and the Uniq transaction with Rothesay Life. In addition, Amy is a senior member of the team that completed the first pension buy-in in the United States in May of 2011 and that announced the agreements to transact with General Motors and Verizon earlier in 2012. Amy joined Prudential in the fall of 2009. Prior to joining Prudential, she served as a principal at Bear Stearns and as Global Head of Pension ALM at Swiss Re in the United Kingdom. With over 20 years of financial services experience, she possesses both capital markets expertise and in-depth insight into the innovative pension risk transfer transactions occurring in the U.K. and in the U.S.Amy holds a B.A. in Economics and an M.A. in International Economics and Finance from Brandeis University, where she is a member of the Board of Overseers of the International Business School and the 2013 recipient of the Dean's Medal

Lori Raineri is a Certified Independent Public Finance Advisor and a Certified Fraud Examiner. Lori currently serves on the Board of Directors for the Collaborative for High Performance Schools and the California League of Bond Oversight Committees, and is a past Board Member of the National Association of Independent Public Finance Advisors. Lori has developed long-range capital financing plans for hundreds of public agencies and is well known for her ability in financial analysis and public speaking. Recently, Lori has been a speaker for several California statewide associations, notably the County Treasurer-Tax Collectors, the County Auditor-Controllers and School Business Officials. The focus of each of these presentations has been the principles of debt financing, including numerous case studies that demonstrate the value of best practices and ethics. During her career, Lori has been personally involved in the planning and structuring of well over seven billion dollars of financing. At the age of 26, Lori founded Government Financial Strategies after having worked as an investment banker.Lori is the author of more than two dozen articles and publications and is in high demand as a public speaker. Lori received her B.A. in Philosophy from the University of California, Berkeley and received her M.S. in Financial Analysis from the University of San Francisco.Lori demonstrated her interest in government early in life, serving as the student School Board Member for the Santa Clara Unified School District, and was thrilled to be inducted into the Santa Clara Unified School District Hall of Fame in 2011.

Robert Donahue, is a Managing Director with Municipal Market Analytics, where he authors and contributes to several of MMA�s widely read weekly publications.� Mr. Donahue analysis is quoted frequently on various subjects, ranging from market strategy to municipal credit analysis, with specific focus on Puerto Rico�s economic, financial and political condition.� Mr. Donahue has been analyzing the Commonwealth since 1997 and has a deep set of contact on the island with whom he speaks on a regular basis.� His command of the details of Puerto Rico�s current challenges has provided MMA�s clients with useful and actionable investment insights.� He also heads up MMA�s bank regulatory review process helping hundreds of banks to meet the Dodd Frank regulatory mandate.� Prior to joining MMA in 2012, Mr. Donahue provided credit research and analysis at DWS Investments, Deutsche Asset Management in Boston.� From 2000 to 2010, Mr. Donahue was a Portfolio Manager and Analyst at Fidelity Investments� Fixed Income Division.� He spent three years at T. Rowe Price Associates� Fixed Income Division. Mr. Donahue obtained a Master of Public Administration �from Syracuse University�s Maxwell School of Citizenship and Public Affairs and a Bachelor of Arts from College of the Holy Cross.�

Mr. Smith is the President of Win Analytics LLC, an independent financial consulting firm which provides research, advice, valuations, and litigation support. Recent clients have included a major investment bank, a large real estate finance company, a national consortium of non-profit agencies, and a private college. Previously, Mr. Smith was CFO of a $7 billion education finance company, and before that he structured billions of dollars in bond offerings and securitizations as an investment banker and financial analyst. He was a financial advisor for a $1.7 billion multi-modal transportation program and leading expert on the securitization of delinquent tax penalties in the aftermath of the bankruptcy of Orange County, California.Mr. Smith recently spoke at a Federal Reserve Bank of Chicago conference on bank risk. He produces �The Well-Tempered Spreadsheet�, a blog about financial modeling and economics. He holds an MSc in Mathematical Finance from Christ Church College, Oxford University and a degree in mathematics from Yale University.

Mr. Smale began his career in the municipal bond industry in 1977 as a portfolio manager at a large casualty insurance company. In 1982, he moved to the brokerage industry, beginning a career in institutional municipal sales with Drexel Burnham Lambert.After leaving Drexel in 1989, he continued his career in Sales with Kidder Peabody and LaSalle Financial Services, the broker/dealer subsidiary of LaSalle Bank. In 1997, he became manager of LaSalle’s Municipal Department, responsible for all origination, trading, underwriting, sales and remarketings.After successfully guiding the business through several market cycles, Mike was also assigned similar responsibilities for the firm’s taxable products in 2005. Subsequent to LaSalle’s sale to Bank of America, he assumed a management role at a regional broker/dealer for about a year before returning to portfolio management at a large Midwestern insurance company.Mr. Smale joined Incapital in September of 2011. He holds a BBA and MBA from The University of Wisconsin-Madison. He is a former Chairman of the Bond Market Association’s (now SIFMA) Regional Advisory Committee and served a three year term as a member of the Municipal Securities Rulemaking Board.

Roy Eappen joined municipal research in 2010. Before joining the group, Roy worked for the City of New York, first as a budget analyst and later as a project manager in the development of affordable housing. Prior to working for local government, Roy worked at a private environmental firm as an economist/regional planner on economic development, transportation and infrastructure projects.Roy received a BS in Engineering from Tufts University, as well as an MA in Economics and a Master of Public Administration, both from New York University.

Recently appointed as Vice Chairman, Ted Fikre is a top executive at AEG responsible for overseeing business development, government and media relations, administration and legal affairs for the company. Fikre plays a leading role in all major strategic and financial transactions for AEG, including acquisitions, partnerships, joint ventures, financings, investments and asset dispositions. In addition, Fikre oversees AEG�s large real estate and venue development projects in the US and abroad. A member of the company�s Board of Directors as well as its newly formed Office of the Chairman, Fikre is closely involved in directing the management of the company and charting its future. Fikre has played an instrumental role in the vast growth of AEG since he joined the company 16 years ago. Starting with the acquisition of the Los Angeles Kings and the construction of STAPLES Center, and continuing through the company�s foray into a myriad of other areas including music, soccer, facility management, and real estate development, Fikre has been at the center of AEG�s rapid expansion into an international sports and entertainment company that is a leading presenter of sports, music and other live entertainment, as well as a developer, owner and operator of first class facilities around the globe. Fikre�s legal, media and government relations, and administrative responsibilities extend across AEG�s wide portfolio of sports and entertainment properties, including both owned and managed arenas and stadiums throughout the US and various international markets; entertainment districts in Los Angeles (L.A. LIVE) and London (the O2); sports teams such as the Los Angeles Kings and Los Angeles Galaxy; major on-going development projects including Farmers Field in Los Angeles and a new arena in Las Vegas; new business initiatives such as AXS.com and related ticketing, media and digital ventures; and a wide variety of other business units located around the world. Prior to joining AEG as general counsel in 1997, Fikre was an associate in the Los Angeles office of Latham & Watkins, where he handled a variety of transactional matters, with a focus on project finance and mergers and acquisitions. Before embarking on a legal career, Fikre was an assistant economist with the Federal Reserve Bank of New York where he conducted international financial market research (1989-1991).Fikre graduated magna cum laude from Princeton in 1989 with a degree in economics. He received his law degree, with distinction, from Stanford Law School in 1994.

Ross DeVol is chief research officer at the Milken Institute. He oversees research on international, national and comparative regional growth performance; technology and its impact on regional and national economies; access to capital and its role in economic growth and job creation; and health-related topics. Recent work involves research on global economic and financial market conditions. He was the principal author of �The Global Biomedical Industry: Preserving U.S. Leadership,� a study that showed that the United States is still the global leader in the biomedical industry, but countries across Europe and Asia are pursuing aggressive plans to close the gap and take the high-value jobs and capital this sector creates. He was also the principal author of "An Unhealthy America: The Economic Burden of Chronic Disease," which brought to light the economic losses associated with preventable illnesses and estimated the avoidable costs if a serious effort were made to improve Americans� health. In addition, he authored "America�s High-Tech Economy: Growth, Development and Risks for Metropolitan Areas" and created the "Best-Performing Cities Index," an annual ranking of U.S. metropolitan areas that shows where jobs are being created. DeVol is ranked among the "Super Stars" of Think Tank Scholars by International Economy magazine. DeVol was previously senior vice president of Global Insight Inc.

As Head of Risk Management, Laura Levenstein has responsibility for BAM's risk management strategy and its oversight, including acting as chair of the Enterprise Risk Committee. Laura also serves on the Management, Underwriting and Credit Policy and Surveillance Committees. Before joining BAM, she was Senior Managing Director for Global Public, Project and Infrastructure Finance, which includes US public finance, global sub-sovereign, sovereign, project and infrastructure finance, at Moody's Investors Service. In that position, as part of the evaluation of the various rated entities, she was responsible for evaluating all types of risk in these sectors to the extent it could impact the entities' credit profiles. Laura was also responsible for managing all aspects of the rating business relevant to those sectors including, rating assignment, rating methodologies, process operations, strategy, financial performance, rating quality and reputational risks. Prior positions in her over 20-year career at Moody's included Senior Managing Director for Americas and Global Financial Institutions. Laura holds a B.A. in Mathematics from Cornell University.