Banco Popular de Puerto Rico

Julie Seymour regularly represents and counsels banks, borrowers (including governmental issuers and hospitals and health systems), underwriters and trustees in connection with tax-exempt and taxable financings. Since 1990, Julie has been involved in billions of dollars of tax-exempt bond financings, including fixed and variable rate structures, as well as secured and unsecured lending transactions.In her finance practice, Julie regularly works with financial institutions in connection with the direct purchase of tax-exempt bonds and credit and/or liquidity facilities issued to support tax-exempt and taxable municipal securities. In addition, she represents and counsels conduit borrowers in structuring and negotiating their taxable and tax-exempt financing transactions, and negotiating and drafting documents in a manner that maximizes flexibility and protection for those borrowers.She also regularly advises clients on ongoing compliance matters, including secondary market disclosure, Internal Revenue Service (IRS) audits, change in use of bond-financed facilities, the impact of covenants on affiliation activity, and reporting requirements for the IRS Form 990, Schedule K.Julie speaks regularly on tax-exempt finance and healthcare lending issues. She previously served as a member of the National Association of Bond Lawyers' Steering Committee and Chair of the "Current Issues in Healthcare Finance (Non-Tax Matters)" for its annual Bond Attorneys' Workshop. She is also a frequent guest lecturer for Loyola University Chicago School of Law's LL.M. in Health Law Program. She received a J.D. from the University of Illinois College of Law, an M.B.A. from the University of Illinois College of Commerce and Business Administration, and a B.A. from Rockford College.��

Rick Cosgrove is a partner in the Banking and Financial Services Department at Chapman and Cutler LLP. He has extensive experience in the representation of domestic and foreign banking institutions and leasing companies in a wide variety of financial transactions involving the extension of credit to public sector entities, including credit enhancement and liquidity facilities, the direct purchase of tax-exempt bonds, derivative products, leasing, project finance, public/private partnerships, tender option bonds and other structured financings.Rick pioneered the development of direct purchase bond programs for several of the country’s largest banks and is a noted authority in this area.

Timothy Whipple serves as General Counsel at the Iowa Economic Development Authority (IEDA), a state agency charged with administering business, tourism, and community development programs in Iowa.He is responsible for legal and legislative affairs, administrative rules, public policy development, and contract compliance. He has served as the agency�s point person with the Governor�s office and the State Legislature during Iowa�s recent efforts to increase ESOP formation in the state, expand apprenticeship training, restructure business development tax incentives, and advance a groundbreaking proposal to incentivize the production of renewable chemicals from biomass feedstock�s in the state.Mr. Whipple was formerly the legal counsel to the Iowa legislature specializing in economic development and taxation law and policy.He is a 2007 graduate of the Drake University Law School and a 1999 graduate of St. Olaf College.

Mr. Culpepper joined Ramirez in 2010 as the head of its Midwest team and has 11 years of municipal finance experience. During most of his career, he has served in various roles in state government with a sole focus on municipal finance. Mr. Culpepper has served as the Deputy Executive Director/Chief of Staff of the Illinois Housing Development Authority, the Director of Capital Markets for the State of Illinois and as a budget/bond analyst for the Illinois Tollway. During his tenure with the State of Illinois and its authorities, he has lead over $10 billion in bond and derivative transactions and was one of the chief architects of the State of Illinois� $31 billion �Illinois Jobs Now� capital improvement plan. Mr. Culpepper has a degree in economics from Loyola University Chicago and served as a Non-Commissioned Officer in various U.S. Army Infantry units.

Ramin Sedehi is a leader of Berkeley Research Group�s Higher Education practice. His areas of engagement are in the strategic, academic, and restructuring and performance improvement dimensions of universities and colleges, including related entities such as academic medical centers and research organizations. Mr. Sedehi�s particular focus in consulting centers on enabling organizational leaders to lead institutions through transformative change by engaging holistic and adaptive strategies.Mr. Sedehi has been a highly successful strategic leader and has more than 20 years of experience leading institutions through times of great change. He has built robust, responsive, and sustainable organizations centered on service, expertise, and effectiveness. In his decades of leadership at several world-class institutions, he enacted multiple strategic plans; led restructuring efforts and created long-term performance improvement plans to restore fiscal health and seed investments; constructed budgeting processes and large-scale systems to improve decision making; and worked with faculty, academic leaders, and boards to build trust and enhance collaboration to innovate and lead in an environment of great complexity.Mr. Sedehi served for 12 years as the vice dean (CFO and COO) at the University of Pennsylvania�s School of Arts and Sciences, a $500 million enterprise, one of the largest schools at Penn, and a leader in liberal arts education and research. He led the school through its most extensive physical, organizational, and financial transformation in the last 35 years. During Mr. Sedehi�s tenure, the university gained in national reputation by moving from 12th to 4th place in the U.S. News rankings; the school reversed longstanding deficits and doubled its financial and physical resources, along with substantial improvement in its academic indicators.As an award-winning faculty member at Penn�s Fels Institute of Government, Mr. Sedehi regularly taught graduate courses in�Financial Management and Budgeting�and in�Leadership and Strategy for Complex Organizations.Before Penn, Mr. Sedehi served in financial and organizational leadership positions at the University of California, San Francisco and at UCSF Stanford Health Care. He was a key member of the financial leadership team responsible for the merger with Stanford Hospital System. He worked with CEOs, CFOs, and deans of the various institutions involved in the merger and, in particular, led the development of the common funds flow arrangement between UCSF Stanford Health Care and the two medical schools.�

Emilie R. Ninan is the Managing Partner of the firm's Wilmington office and the partner responsible for the public finance practice in Delaware.Ms. Ninan works with governmental, quasi-governmental, and private entities, including 501(c)(3) institutions, to obtain lower-cost capital financing through the issuance of tax-exempt bonds. She has served as bond counsel, underwriter's counsel, borrower's counsel, issuer's counsel, or trustee's counsel on a variety of municipal bond financings, including general obligation, revenue, conduit, utility system, health care, industrial development, single-family and multifamily housing, cultural institution, and educational facility bond transactions. In such capacity, Ms. Ninan has advised every major bond issuer (including all three counties), municipality, hospital, and higher educational facility in the State of Delaware.In addition to her public finance practice, Ms. Ninan advises on uniform commercial code matters and delivers formal legal opinions in connection with financing transactions. She also represents corporate, banking, and nonprofit clients in connection with loan documentation, contract negotiation, project finance, and other commercial transactions.In February 2013, Ms. Ninan was part of the delegation that traveled to India on a trade mission led by Delaware Governor Jack Markell. Ms. Ninan was profiled by Law360 in its February 12, 2014, edition, in an article titled "Female Powerbrokers Q&A: Ballard Spahr's Emilie Ninan."

Jeff Schoenberg is an advisor to The J.B. and M.K. Pritzker Family Foundation, a Chicago-based philanthropy. The Foundation is a private family foundation deeply committed to the pursuit of social justice and to shaping innovative and effective strategies for solving society�s most challenging problems. Mr. Schoenberg principally advises members of the Pritzker family on grant making for The Children�s Initiative, a project of the J.B. and M.K. Pritzker Family Foundation, which seeks to enhance the early learning capabilities of infants and toddlers, with a special focus on at-risk children. As part of his philanthropic portfolio for the Pritzker family, Mr. Schoenberg conceived The Cambodia Tribunal Monitor web site, considered the primary source for information on the historic international genocide trial of senior Khmer Rouge leaders. Previously, Jeff Schoenberg was a Democratic member of the Illinois State Senate, representing the 9th district from 2003 to 2013. He earlier served for six terms in the Illinois House of Representatives, first elected to that position in 1990.

Lisa A. Smith has over 20 years of experience as a municipal investment banker and financial advisor focusing on issuers in California. Ms. Smith started her career at First Interstate Bank working in their Public Finance and Corporate Banking Divisions. After attending business school, she ventured back into the municipal finance field working as an investment banker in the Los Angeles offices of Donaldson, Lufkin and Jenrette and Stone & Youngberg. In 2002, she co-founded and served as the day to day managing partner of financial advisory firm Gardner, Underwood & Bacon LLC. In January 2011, Ms. Smith negotiated the sale of Gardner, Underwood & Bacon LLC to Loop Capital Markets. She recently served as a Managing Director and Co-Head of the Western Region for Loop and was responsible for the managing and marketing of the firm’s resources on the west coast.Throughout her career, Ms. Smith has managed over $20 billion in transactions, structured numerous innovative financings and provided complex technical and analytical expertise for a variety of issuers. She has utilized virtually every type of debt instrument in assisting clients in the structuring of new money and refunding issues including general obligation, pension obligation bonds, tax and revenue anticipation notes, revenue, lease backed financings, multi-family housing bonds and tax allocation bonds. Ms. Smith has worked with a variety of issuers including the State of California, the cities of Chicago, Long Beach, Los Angeles, Oakland and Phoenix, as well as Alameda County, Cook County, Los Angeles County, San Bernardino County, Los Angeles Unified School District, Chicago Public Schools, UC Regents, California State University and the Metropolitan Water District of Southern California.Ms. Smith has a B.A. from Amherst College in Economics and a MBA in Finance from UCLA, Anderson School of Management. She holds Series 52, 53 and 63 licenses as well as is a 2008 graduate of Leadership LA. In January 2012, Ms. Smith was honored by her peers with the 2012 “She’s Our Hero” Award given by the national organization of Women in Public Finance.In addition to her professional career, she currently serves on the Los Angeles Advisory Board of the Posse Foundation, is a Finance Committee Member and Board Member for the Campaign for College Opportunity, is the Technology Chair for Women in Public Finance.�