Banco Popular de Puerto Rico

Rick Holzinger manages investor relations for BAM. Rick has been a participant in the fixed income markets for over 25 years. He joins from FTI Consulting Inc., where he established a Structured Finance advisory business, providing advice and services related to valuation, structuring and disposition of a wide variety of structured products. Before that, from 2004 to 2008, he was Managing Director of the Corporate Finance Group at FSA. He joined FSA in 1996 as Head of the Asia-Pacific business. Prior to joining FSA, Rick was a Managing Director, in the Securitization and Project Finance group at Bankers Trust Company in Hong Kong and New York. Earlier positions included developing project and lease financings at PaineWebber, Inc. and an Associate position at Dewey, Balantine, Bushby Palmer and Wood. He holds a B.A. in Government and Economics from Harvard University and a J.D. from the University of Texas School of Law at Austin.

Mark Duebner currently serves as Director of Aviation for the City of Dallas.� He is responsible for management on oversight of Dallas Love Field, Dallas Executive Airport and the City’s vertiport.� Previously he was Executive General Manager for the Dallas Police Department, serving as the top civilian commander. He has also served as Director of Business Development and Procurement Services, as well as positions in Public Works and Transportation, Streets, and the City Manager’s Office.� Mark has also served on the City Manager’s “Efficiency Team” identifying several million dollars in savings for Dallas through process evaluation and redesign.Mr. Duebner holds a Bachelors Degree in Philosophy from the University of Texas, and a Master’s Degree in Public Administration from the University of North Texas.� He also served in the financial services industry before making the switch to public sector management.

Jenn Cronin is a vice president responsible for new business generation at National Public Finance Guarantee Corporation.� She works directly with issuers, financial advisors, underwriters and bankers in originating and closing transitions in Texas, Oklahoma and Indiana.Prior to joining National, Ms. Cronin was a vice president in MBIA Insurance Corporation’s Investor Relations division, where she was responsible for both equity and fixed income investor inquiries.� Ms. Cronin joined MBIA in 2001 providing risk management support for the treasury desk of MBIA’s asset management arm. �Ms. Cronin holds an MBA with a focus in investment management and a BA in Finance from Pace University. �����������

Ms. Kym S. Arnone has been Head of Municipal Investment Banking Business at Jefferies LLC since November 2015. Ms. Arnone served as the Managing Director and Head of Municipal Securitization Initiatives at Barclays Capital PLC. Ms. Arnone served as a Senior Banker at Bear Stearns. She served as the Chairman of the Board at Municipal Securities Rulemaking Board since October 2014 until October 1, 2015 and has been its a Director since October 2012. She serves as a Director of the Municipal Forum of New York. She is a Trustee for the Citizens Budget Commission. She worked for Lehman Brothers before moving to Barclays when the bank acquired Lehman Brothers. She worked with the state of New Jersey to restructure two CAB tobacco bonds in 2014. She is recognized as leading almost $40 billion in tobacco bond deals, financings that are secured by annual payments tobacco companies have pledged to states as compensation for the negative health effects of smoking. She won the Northeast Women in Public Finance's Freda Johnson Award, which is given to women who are serving or who have served in a position for a public or non-profit issuer who show qualities of being a trail blazer, leader, innovator, and mentor in the industry. Ms. Arnone graduated magna cum laude from St. John's University with a Bachelor's degree in Finance.

Bech Bruun has served as a Board member of the Texas Water Development Board since September 1, 2013. Governor Greg Abbott designated him chairman in June 2015.Prior to his appointment to the Board, Bruun served on the senior staff of Governor Rick Perry’s administration. Bruun has also worked as the government and customer relations manager for the Brazos River Authority. During the 81st Legislative Session, Bruun served as chief of staff to State Representative Todd Hunter (District 32) and as general counsel to the House Committee on Judiciary and Civil Jurisprudence.Bruun currently is a gubernatorial appointee to the Western States Water Council and the Texas Environmental Flows Advisory Group. He also serves as an ex-officio member of the Texas Farm and Ranch Lands Conservation Council.He received a bachelor's degree in business administration from the University of Texas at Austin and a law degree from the University of Texas School of Law. He is a member of the State Bar of Texas.A native of Corpus Christi, Bruun resides in Austin with his wife, Glenna, and their children, Cilla Kay and Radford.

�Shamoil T. Shipchandler is the Regional Director forthe U.S. Securities and Exchange Commission’s Fort Worth Regional Office, wherehe is responsible for leading the SEC’s enforcement and examination activitiesin Texas, Oklahoma, Arkansas, and Kansas. Shamoil was previously DeputyCriminal Chief with the U.S. Attorney’s Office for the Eastern District ofTexas, where he led the Plano Office, the district’s asset forfeiture program,and prosecuted complex fraud cases. Shamoil received the Department ofJustice’s Director’s Award and the DHS Secretary’s Silver Medal for hisprosecutorial efforts. Shamoil was a partner with Bracewell & Giulianiprior to joining the Commission, and an associate with Covington & Burlingbefore joining the U.S. Attorney’s Office. Shamoil graduated from MiddleburyCollege and Cornell Law School, and clerked for Judge Roger B. Andewelt of theU.S. Court of Federal Claims.�

Mr. Paolicelli was appointed Executive Director of the New York City Municipal Water Finance Authority in August 2008.� Prior to joining the Authority, Mr. Paolicelli was a Vice President/Senior Analyst for Moody’s Investors Service in their U.S. Public Infrastructure Team.� Mr. Paolicelli also previously worked at the Authority for nearly 5 years where he served in several capacities, including Treasurer. During his professional career, he has also worked as an engineering consultant. He has a Master’s in Public Administration from the University of Albany and a Bachelor’s in Civil Engineering from the University of Buffalo.

Areas of Emphasis and Related Experience.�Practice includes all aspects of public law with an emphasis on tax exempt finance, urban development, and water districts. Mr. Robinson is particularly active in the representation of regional water authorities, tax increment reinvestment zones, municipal utility districts, cities, ports, and other special districts. He serves as general counsel to numerous political subdivisions and acts as bond counsel for local government tax exempt financings. He also negotiates with various local government officials and developers regarding land development, infrastructure projects, and stadium projects.Education and Professional Background.�Louisiana State University (B.S., with honors, 1987); Phi Kappa Phi; Omicron Delta Kappa; Tulane University (J.D.,�cum laude, 1991).Member.�State Bar of Texas; Houston Bar Association; American Bar Association; National Association of Bond Lawyers; Admitted to Practice in Louisiana.

Peter Key is the Chief Financial Officer for the Harris County Toll Road Authority (HCTRA).� Over the previous decade, Peter has served roles as HCTRA’s Director and as HCTRA’s Chief Operating Officer. HCTRA is responsible for operating over 100 miles of toll roads in Harris, Fort Bend, and Montgomery Counties, and is one of the most successful urban-turnpike systems in the United States.� HCTRA processes over 1 million toll transactions a day, employs over 1000 people, maintains an annual operating budget in excess of $500 million, and a multi-year, multi-billion dollar capital improvement program.� Furthermore, as an enterprise fund of Harris County, HCTRA is self-supporting, receiving no funding through local or federal tax dollars.Peter is a native Houstonian and holds degrees from The University of North Carolina at Chapel Hill, and from The University of the South, popularly known as Sewanee.

JAMES A. HERNANDEZ, Partner, Houston and Dallas Offices. James practices in the public law area and also has experience in corporate and securities and real estate law. His focus in the public law area primarily has been serving as bond counsel, disclosure counsel and underwriters’ counsel on a variety of public finance transactions for cities, counties and special authorities throughout Texas.� James has extensive experience in the area of transportation development and financing, including representation advising the Harris County Toll Road Authority on project development and financing matters, as well as operations, contracting and legislative matters. James has also worked in various capacities on transactions for several other transportation issuers, including the North East Texas Regional Mobility Authority, Houston METRO, the Houston Airport System, the San Antonio Airport System, the Hidalgo County Regional Mobility Authority and the North Texas Tollway Authority. He has also been involved in a number of public/private development projects, including the development and financing of sports and convention facilities, among others. He earned his J.D. in 1995 from Columbia University and his B.A. from The University of Texas at Austin in 1991.