Banco Popular de Puerto Rico

Patrick is the chief municipal analyst at Wells Fargo Advisors, the retail brokerage arm of Wells Fargo. Prior to joining WFA, Patrick was with the bond insurance company Assured Guaranty for four years, where he served initially as the director of fixed income investor relations and later as the firm’s municipal credit officer. Previously, Patrick was at A.G. Edwards for 16 years, serving as vice president and the manager of the Municipal Research group. As a municipal credit analyst, Patrick has been a generalist covering all sectors of the municipal market, producing credit specific analysis and authoring publications for both retail and institutional clients. Mr. Early is a member of the National Federation of Municipal Analysts, and has served a number of terms on the NFMA’s board and executive committee.�

Peter Shapiro is managing director of Swap Financial Group, the nation�s leading independent advisor on swaps and complex financial structures. Swap Financial specializes in market strategy and financial structure advice for large borrowers. Over the last four years, Swap Financial Group has handled over 2000 derivative transactions, with notional principal totaling more than $100 billion. Swap Financial Group advises clients on market strategy, transaction design, pricing, documentation, transaction management, and financial reporting. Swap Financial Group advises three principal groups of clients on the use of financial structures: major non-financial corporations, governmental clients including federal, state and city governmental agencies, and non-profits such as cultural institutions, health care providers, and institutions of higher education. The firm advises most U.S. states and state agencies, including New York, California, and Texas, major cities like New York, Chicago, Houston, and Philadelphia, and many of the largest higher education, health care and cultural organization like Harvard, Stanford, the J. Paul Getty Trust, the University of California, Memorial Sloan-Kettering Cancer Center, and the Council on Foreign Relations. Major California clients include the California Housing Finance Agency, Metropolitan Water District, San Francisco International Airport, the Bay Area Toll Authority, Richmond, Santa Clara County, Catholic Healthcare West, Irvine Ranch Water District, Sacramento Suburban Water District, the Los Angeles County Museum of Art, and the Gemological Institute of America. Prior to founding Swap Financial Group in 1997, Shapiro worked at Citibank, where he served as a senior banker, and headed the municipal derivatives business and the public finance department. Before Citibank, Shapiro spent twelve years in government service. Shapiro received his A.B. degree cum laude from Harvard University in 1974.

Mary N. Simpkins is Senior Special Counsel in the Office of Municipal Securities at the U.S. Securities and Exchange Commission.� She joined the Commission staff in 1997 after practicing law for over 15 years in the areas of municipal finance and taxation with law firms in Washington, D.C., New York and Florida.� Ms. Simpkins graduated from VanderbiltUniversity, where she was elected to Phi Beta Kappa, and from the University of Virginia School of Law.� She also received an LL.M. in Taxation from New York University School of Law.��

Pedro J. Miranda specializes in public finance and serves as bond counsel, underwriters’ counsel, disclosure counsel and trustee’s counsel on bond issues in Florida, Texas and Puerto Rico.Mr. Miranda has broad experience in various types of municipal bond transactions including special district, community development district, general obligation and revenue financings. Mr. Miranda has served as bond counsel and underwriters’ counsel in more than 30 special district and community development district financings in Florida and Texas. Mr. Miranda is a member of the National Association of Bond Lawyers, The Florida Bar and the Puerto Rican Bar Association of Florida.

Robin Prunty is a Managing Director, Head of Analytics and Research for S&P Global Ratings – U.S. Public Finance. In this role, she represents U.S. Public Finance in various capacities to discuss the municipal bond market and S&P's ratings, research and methodology to governments, investors, industry associations, media outlets, and other market participants.�Prior to her current role, Robin was a Lead Analytical Manager with responsibility for the U.S. States, Higher Education, and Not For Profit Health Care practices and Analytical Manager for the U.S. States and Public Higher Education Group.Robin has a Bachelor of Science degree in Economics from Siena College and a Master of Public Administration from the University at Albany - Rockefeller College of Public Affairs & Policy. She is President of the Municipal Forum of New York and a member of the Municipal Analysts Group of New York, National Federation of Municipal Analysts, and Northeast Women in Public Finance.�

Brian Mayhew joined the Metropolitan Transportation Commission (MTC) as Chief Financial Officer in October 1999. As CFO, Mr. Mayhew manages all accounting, treasury, and financial functions, including debt issuance and management for MTC, MTC Service Authority for Freeways and Expressways (SAFE), and the Bay Area Toll Authority (BATA).�As CFO of MTC/BATA, Mr. Mayhew has overseen the growth of the toll operation from $120 million to over $750 million per year; transportation grant administration to nearly $1billion annually, as well as a capital program that has expanded from $2.4 billion to over $13 billion, including the $6.2 billion replacement of the San Francisco/Oakland Bay Bridge.� Mr. Mayhew is responsible for a debt portfolio of $8.5 billion, swap portfolio of $1.9 billion, with assets under management of $4.5 billion.��Prior to working at MTC, Mr. Mayhew spent ten years as Finance Director for the City of Westminster, California where he oversaw accounting, payroll and treasury, as well as redevelopment and economic development project funding.� Prior to working for the City of Westminster, Mr. Mayhew served for five years in Mountain View, California as Revenue Officer.�Mr. Mayhew has also been the recipient of awards from the State of California and OrangeCounty in recognition of his protecting public assets by removing funds from the county’s treasury prior to the bankruptcy, as well as the California Public Securities Association for excellence in public financing. �BATA has been the recipient of three Bond Buyer Western Region Deal of the Year awards and one Governing Magazine national deal of the year.�Mr. Mayhew holds Bachelor’s and Master’s degrees from the University of California at Santa Barbara, along with multiple certifications in accounting, payroll, purchasing, cash and debt management.� Mr. Mayhew is active in both state and national professional associations and has served on the Issuer Advisory Committee of the MSRB.

Lynnette Kelly has been the Executive Director of the Municipal Securities Rulemaking Board (MSRB) since June 2007.� Ms. Kelly leads the day-to-day management of the MSRB, a self-regulatory organization whose mission is to protect investors, municipal entities, and ensure a fair and efficient municipal securities market.� It does so by developing rules for municipal advisors who advise on issuance, securities firms and banks that underwrite, trade and sell municipal bonds, and by operating information systems, including the Electronic Municipal Market Access (EMMA) system, designed to promote transparency and investor access to information.� The MSRB also serves as an objective and expert resource and repository of municipal market information.Previously, Ms. Kelly was a managing director and associate general counsel at�the Securities Industry and Financial Markets Association (SIFMA) (formerly The Bond Market Association), where she helped develop and implement legal, regulatory and best market practices in the fixed income markets, with a focus on municipal finance.�From 1990 to 1993, Ms. Kelly served as general counsel for the Municipal Assistance Corporation for the City of New York, and has worked at several law firms in New York City in all areas of municipal finance.�She graduated from the University of Nebraska in 1981 and from Tulane University School of Law in 1984.

Mark Vitner is a managing director and senior economist at Wells Fargo, responsible for tracking U.S. and regional economic trends. Based in Charlotte, N.C., he also writes for the company’s Monthly Economic Outlook report, the Weekly Economic & Financial Commentary, and provides regular updates on the housing markets, commercial real estate, regional economies, and inflation.Mark joined Wachovia (then First Union) in 1993. Before that, he spent nine years as an economist for Barnett Banks in Jacksonville, Fla. Mark’s commentary has been featured in the New York Times, Wall Street Journal, Bloomberg, and many other publications.Originally from Atlanta, Mark earned his B.B.A. in economics from the University of Georgia, an M.B.A. from the University of North Florida, and has completed further graduate work in economics at the University of Florida. He also completed the National Association of Business Economics (NABE) Advanced Training in Economics program at Carnegie Mellon University.Mark is a member of the National Association of Business Economists and co-founded its Charlotte chapter, The Charlotte Economics Club. He serves as a distinguished lecturer and practitioner at the University of Georgia. He is also a member of the American Economic Association, the American Real Estate and Urban Economics Association, and the Charlotte Chapter of the Association for Corporate Growth. Mark currently chairs the economic advisory committee for the Bond Dealers of America. In addition, Mark serves as the chief economist for the North Carolina CCIM (Certified Commercial Investment Member). He is a member of the Blue Chip Economic forecasting panel and was recently named one of the 2009 North Carolina Power Players, 50 most powerful people in business, by Business Leader magazine. Mark currently serves on the Joint Advisory Board of Economists for the Commonwealth of Virginia.

Dan Champeau is Managing Director, Global Group Head of the U.S. and International Public Finance as well as Global Infrastructure & Project Finance groups. In this role Dan is responsible for all analytical coverage and research commentary across Global Public and Infrastructure Finance.� The group includes over 200 employees covering approximately 5,000 issuers.Prior to Dan's current appointment, he was managing director and head of the Business & Relationship Management team for the U.S. Public Finance and the Global Infrastructure & Project Finance groups. In this capacity, Dan was responsible for all business activities for these two groups, including new business origination; investor, dealer, and banker relations; and business strategy; among others.Prior to rejoining Fitch in 2009, Dan worked at FSA in the Infrastructure Finance Group, originating and underwriting large and complex infrastructure and project financings across a variety of sectors, such as transportation, social infrastructure, and sports, among others. Prior to joining FSA, Dan worked at Fitch for 13 years in various analytical and management capacities, including as head of the Global Infrastructure & Project Finance Group (Americas), head of Fitch’s New York Public Finance office and all revenue bond and infrastructure rating groups nationwide, and earlier as co-head of Fitch’s west coast office in San Francisco. Dan began his career at Ambac, working in the corporate finance department.Dan earned a BA from the University of Maryland at College Park, attended Fordham University’s Graduate School of Business, and received an MBA from San Francisco State University. Also, Dan has won numerous industry analytical awards, including Street and Smith’s SportsBusiness Journal’s “40 Under Forty” award and a number of Smith’s Research & Gradings Review All-Star analytical awards for his work in public finance and infrastructure. �Dan has been a frequent presenter at industry conferences/symposiums, has been quoted extensively in the mainstream press, and has been interviewed on television on multiple occasions regarding the municipal and project finance markets.

Mr. DeSeve formerly served as Special Advisor to President Barack Obama for American Recovery and Reinvestment Act implementation.  He reported directly to Vice President Joseph Biden as an Assistant and acted as a Senior Adviser to the Director of the Office of Management and Budget Peter Orszag.  He previously was a senior Lecturer at the University of Pennsylvania’s Fels Institute for Government and a Senior Fellow at the James MacGregor Burns Academy of Leadership at the University Of Maryland School Of Public Policy.  At the University of Maryland, Mr. DeSeve was also a tenured professor and director of the Management, Finance and Leadership Program.   In the private sector, Mr. DeSeve was most recently the CEO of Strategy and Solution Partners, a technology firm.  He previously served as Senior Vice President of Affiliated Computer Services and Managing Director of Merrill Lynch Capital Markets. He established and led several consulting firms, including Public Financial Management Incorporated, which provides technical assistance to state and local governments.    Mr. DeSeve also has held senior posts at all three levels of American government. At the federal level he was:  Chief Financial Officer of the U.S. Department of Housing and Urban Development Controller of Executive Office of the President Office of Management and Budget (OMB) Deputy Director for Management at OMB His career began with the City of Philadelphia serving as first a junior budget analyst, then Budget Director, Deputy Director for Finance and later as Director of Finance. In the Commonwealth of Pennsylvania, he served as Special Assistant to the Governor.  He is the author of, “The Presidential Appointee’s Handbook” (Brookings Press 2008) and is a frequent lecturer on government management. Mr. DeSeve holds a Master of Government Administration in Public Finance from the Wharton School of University of Pennsylvania, and a Bachelor of Science in Labor Economics from Cornell University.