Banco Popular de Puerto Rico

Franklin Ruben is a senior portfolio manager with Invesco Fixed Income. In this role, he serves as head of high income municipals and lead fund manager of Invesco High Income Municipal Fund. Mr. Ruben joined Invesco in 1997 in his current position. Prior to joining the company, he was with Van Kampen American Capital, where he was a senior fixed-income research analyst and associate portfolio manager for Van Kampen American Capital High-Yield Municipal Bond Fund.Mr. Ruben earned a Bachelor of Science degree in accounting and a Masters of Science degree in finance from the University of Texas at Dallas. Mr. Ruben has completed the Cash Management Executive Education Program at Duke University.

Mike specializes in creating comprehensive financial models and represents clients in the areas of taxable financings, tax-exempt financings, sports facilities, airports, ports, transportation and the analysis of public privatepartnerships. He joined FirstSouthwest in 1996 as a result of acquisitions of Masterson Moreland Sauer Whisman, Inc. He also serves as co-manager of FirstSouthwest's public finance group in Houston and is also responsible for the Firm's information technology infrastructure. He's a member of FirstSouthwest's Board of Directors and Chairman of the Public Finance ManagementCommittee.Bartolotta has more than 23 years experience in the public finance industry and has developed an analytical framework for the evaluation of public-private partnerships. He's also participated in excess of $50 billions of dollars in financings during his career.He's completed financings for: Dallas-Fort Worth International Airport, including Southwest Bond Buyer Deal of the Year; City of Houston; Harris County & Harris County Toll Road Authority; and Texas Public Finance Authority.

Glenn's principal area of practice is financial institutions and finance law. He has extensive experience as bond counsel, underwriter's counsel, and letter of credit bank counsel in municipal finance transactions involving cities, counties, school districts, universities, municipal utility districts, river and port authorities, regional mobility authorities, and state agencies.

Sue Bailey joined the Metropolitan Transit Authority of Harris County in December 2010. Previously she worked for the City of Houston as debt manager, investment manager, and director of financial reporting. She also served as finance director for the City of Galveston.She is a CPA registered in Texas. She earned a BA and MA from the University of Wisconsin and an MBA from the University of Texas. From 1999 to 2002 she was retired in the Netherlands and enjoyed riding trains, trams and buses throughout the country.

Mark Malveaux, a partner in McCall’s Dallas office since January 2000, joined the firm in 1993. Mr. Malveaux was selected by his peers in the national bond counsel community as a Regular Fellow of the American College of Bond Counsel. His practice includes work as bond counsel, underwriter's counsel, and disclosure counsel. With respect to mass transportation, he has served as underwriter’s counsel on several DART transactions over the past five years.��������������� Mr. Malveaux serves as co-lead bond counsel to Dallas/Fort Worth International Airport (D/FW Airport), where he was lead counsel on the largest ever single-day bond sale in U.S. airport history and lead counsel on D/FW Airport’s first ever private placement. Moreover, he served as bond counsel for D/FW Airport for two transactions that were awarded The Bond Buyer’s “Southwest Region Deal of the Year” in 2003 and 2013; its $1.3 billion Joint Revenue Improvement and Refunding Bonds, Series 2003A; and its $4 billion Terminal Renewal and Improvement Program, which included refunding bonds. In his more than 16 years serving D/FW Airport, Mr. Malveaux has also performed disclosure counsel duties.��������������� He brings expertise in affordable housing, where he has served as bond, underwriter’s, or placement agent counsel to Housing Finance Corporations in Austin, Dallas County, Fort Bend County, North Central Texas, Jefferson County, Sabine-Neches, Northwest Central, North Central, Brownsville, Ennis, Galveston, Southeast Texas, Arlington, Tarrant County, Grand Prairie, Houston, Corpus Christi, and Montgomery County. He has served as bond, underwriter’s, or placement agent counsel to the Housing Authorities for McAllen, Travis County, New Mexico Region II, Dallas, Fort Worth, and San Angelo. He works as bond counsel on pollution control transactions with one of the largest energy companies in the U.S.��������������� Mr. Malveaux’s expertise extends to serving as disclosure counsel for more than 10 years to the Texas Department of Housing and Community Affairs and as underwriter’s counsel on numerous deals, including DART, Dallas Independent School District, and Texas charter schools.��������������� A member of the National Association of Bonds Counsel (NABL), his professional affiliations include the State Bar of Texas and the J.L. Turner Legal Association. Mr. Malveaux has been a panelist at NABL seminars and at the National Association of Securities Professionals. He is a member of the Texas Association of Local Housing Finance Agencies and the National Bar Association. He served on the Board of Directors of Texas C-Bar, a non-profit organization that provides pro bono transactional services.���������������������������� ��������� Mr. Malveaux received his Juris Doctor from the University of Virginia’s School of Law in 1992, where he was a quarterfinalist in the Minor-Lile�Moot Court competition and awarded the Bracewell & Patterson Oral Advocacy Award. He received a B.S. in Economics, magna cum laude, from Southern University in 1989 and was the school’s first student selected as a Harry S. Truman Scholar. He studied public policy as a Sloan Fellow at Princeton University’s Woodrow Wilson School of Public and International Affairs.

Dr. Caloss joined Morgan Keegan in June 1999 to augment the Firm’s continued growth in the area of education related transactions with a special focus on Texas Independent School District finance. Ron brings over 34 years of Texas ISD experience (11 years as a public finance banker with Morgan Keegan) and over 23 years of Texas public school district experience as a superintendent of schools for Hurst-Euless-Bedford ISD, Lamar Consolidated ISD, Southwest ISD, and Bandera ISD. Ron has been with numerous Texas school associations and served as President and Vice President of the Texas Association of Suburban/Mid-Urban Schools in 1995 and 1994 respectively. He is a recognized speaker among school district professionals both nationally and in Texas and was awarded Texas Association of School Boards Superintendent of the Year Regional Winner in 1995. Dr. Caloss has served as lead banker representing Morgan Keegan on 274 senior managed and 395 co-managed issues for over 260 different Texas ISD’s aggregating more than $31.6 billion in primary Texas ISD transactions.

Gwen has been involved in public education since 1967. She served as Chief Financial Officer for the Round Rock Independent School District for 23 years and as Chief Financial Officer for North East Independent School District in San Antonio for 7 years. She has managed budgets of more than $200 million. Her duties at North East ISD included responsibility for the Management Information Systems Department and the Human Resources Department, in addition to the financial responsibilities. She has served as Executive Director of TASBO since 1997. •She received her undergraduate degree and her MBA from St. Edward’s University in Austin, Texas. In addition to her current assignment as Executive Director of TASBO, she also served as President of the organization, and in 1994 was named Outstanding School Business Official for the State of Texas. In 2001 she was the recipient of the Distinguished MBA Award from St. Edward’s University. In 2006 Gwen earned the designation of Certified Association Executive (CAE), the highest professional credential in association management and in 2009, she was awarded the Distinguished Executive of the Year Award from the Texas Society of Association Executives (TSAE).In her current role, she is responsible for a staff of sixteen and the association has more than 5,500 members statewide. TASBO provides 200+ class days of training each year throughout the State of Texas and serves as a resource for school districts with regard to information regarding school finance, state funding, facilities management, technology, school nutrition, school transportation and government regulations. She has been involved in management reviews for school districts, Education Service Centers, and associations throughout the State of Texas.

David C. Schanbacher serves as the director of the Natural Resources Policy Division within the Texas Comptroller of Public Accounts. This division tracks, analyzes, and advises the Comptroller on state and federal natural resource, environmental, energy, and endangered species initiatives with the potential to impact state revenues and the overall Texas economy. Until July 1, 2009, David served as the Chief Engineer for the Texas Commission on Environmental Quality, providing oversight and guidance on engineering standards of the agency and coordinating major engineering initiatives and studies. He received certification as a registered professional engineer in the State of Texas. As Chief Engineer, David also served as Deputy Director of the Chief Engineer’s Office, which consists of engineering and technical experts, the Toxicology Section, the Air Quality Division (responsible for the State Implementation Plans), and the Water Quality Planning Division (responsible for Total Maximum Daily Load, Watershed Protection Plans, Water Quality Standards, Surface Water Quality Monitoring, the Clean Rivers Program, Coastal Bend Bays and Estuaries Program, and the Galveston Bay Estuary Program).Mr. Schanbacher has served as special assistant to the Office of Air Quality and the Office of the Executive Director at the TCEQ, and as a permit engineer in the New Source Review Program before becoming Chief Engineer. Mr. Schanbacher previously spent several years in various engineering positions in the chemical industry and the oil and gas industry before joining the Texas Air Control Board, a predecessor agency of the TCEQ, in 1992.Mr. Schanbacher received a Bachelor of Science Degree in Chemical Engineering from the University of Missouri and a Master’s Degree in Engineering from the University of Texas at Austin.

Mike Morrissey is Senior Advisor to Governor Rick Perry, a position held since June 2008. In this role, he focuses on implementing the Governor’s priorities. He also serves as the Governor’s Stimulus legislation point of contact to the federal government. He advises the Governor on all aspects of government operations, including policy matters of fiscal responsibility and efforts to make government more effective and transparent. Mr. Morrissey previously served as Director of the Budget, Planning, and Policy Division in the Governor’s office, where he was responsible for development, implementation, and long-range planning of the states $168 billion budget and policy initiatives. From 1994-2001, Mr. Morrissey served as Director of Fiscal Policy for former Lieutenant Governor Bill Ratliff, as Budget Director for former Lieutenant Governor Rick Perry, and as Budget Director and Special Assistant to former Lieutenant Governor Bob Bullock. He also worked as legal counsel/budget examiner at the Legislative Budget Board from 1986 to 1994. Mr. Morrissey holds a Bachelors degree in Economics from the University of Oklahoma and a law degree from the University of Arkansas. He is licensed to practice law in Texas. He is a graduate of the Governor’s Executive Development Program and in 2004 was named the Texas State Employees Association Administrator of the Year.