Banco Popular de Puerto Rico

Karen Fitzgerald, Director, is a lead analyst within the U.S. Public Finance (USPF) Ratings group, focusing on tax-exempt housing and structured securities. She assigns credit ratings to the most complex debt financing transactions within this sector.As a lead analyst, Karen contributes to Standard & Poor's development of ratings opinions on affordable multifamily, military, and single-family housing through the application of the relevant criteria and participation in rating committees. Her responsibilities include developing new criteria, performing detailed credit analyses, chairing credit committees, overseeing surveillance, identifying sector and industry credit trends, publishing research reports and industry commentaries, and maintaining interaction with investors, the media, industry groups, intermediaries, and rated entities. She is also lead analyst on a number of large tender option bond (TOB) programs and chairs USPF structured finance rating committees.Karen earned a bachelor of science degree in Economics from the Wharton School and a bachelor of arts degree in International Relations from the University of Pennsylvania. She also holds a masters of business administration degree from Yale University. She is a Chartered Financial Analyst.Karen is a member of the National Federation of Municipal Analysts, the Chartered Financial Analyst Institute, and the New York Society of Security Analysts.

Paul T. Williams, Jr., President of the Dormitory Authority of the State of New York (DASNY) oversees the Authority�s five operating divisions, offices in Albany, New York City and Buffalo and DASNY�s workforce of over 550 employees.Mr. Williams was first appointed to the Dormitory Authority in June 2008. His appointment was renewed in December 2010 by Governor Andrew Cuomo. As chairman of the Task Force to Increase the Utilization of Minority and Women-Owned Business Enterprises in State Debt Offerings, Mr. Williams helped launch a new era for State procurements, including the adoption of new rules and procedures to increase MWBE utilization in State contracts.DASNY is one of the largest issuers of tax-exempt debt in the nation, issuing for higher education, healthcare and state-supported services, with a portfolio of outstanding bonds worth approximately $42 billion.The Authority is also a significant builder of large scale public projects, including court houses, hospitals and other health care facilities, educational facilities as well as dormitory construction which was its original mission. DASNY�s construction portfolio includes more than 600 projects valued at over $6.3 billion.Mr. Williams also serves as a member of the board of directors of the Moynihan Station Development Corp. Prior to joining the Authority, he enjoyed a distinguished career as a corporate attorney, investment banker and civic leader.Mr. Williams is a graduate of Columbia University School of Law, Yale University and Phillips Exeter Academy. As an undergraduate at Yale, he was named a Ford Trustees� Scholar and studied at the American University in Cairo.

Nat Singer joined Swap Financial Group as a Senior Managing Director in January 2008 after spending 21 years at Bear Stearns. �Mr. Singer was formerly the head of Bear Stearns’ Municipal Derivative Products Group and Chief Operating Officer of the Municipal Bond Department from 1998 to 2007. �In these roles, he was responsible for the design and implementation of innovative financial products to help municipal issuers lower their debt service cost, increase earnings on assets and hedge interest rate risk. �Mr. Singer also managed Bear Stearns’ Tender Option Bond program. �Prior to joining the Municipal Derivative Products Group, Mr. Singer managed Bear Stearns’ proprietary tax-exempt bond position from 1987 to 1998 and served as National Sales Manager for the Municipal Bond Department from 1995 to 1998. �He is a frequent speaker on topics relating to both the municipal cash market as well as the derivatives market, and has authored numerous papers focusing on financing and trading opportunities in the municipal market. �Mr. Singer received a B.S.E. in Civil Engineering from Princeton University. �Mr. Singer is currently Chair of the Municipal Securities Rulemaking Board.

John joined Moody’s in 1991 and is currently Managing Director of Moody’s Health Care, Higher Education and Not-for-Profit rating teams. His teams produce the most research in the capital markets on financial and credit risks facing not-for-profits. Moody’s rates more than 1,200 hospital, university and other not-for-profit borrowers in the U.S, and assigns additional ratings in Canada, Europe and Asia.  He has spent two decades analyzing financial trends in these sectors and has personally visited more than 200 universities and hospitals, meeting with board members, presidents, CFOs, CIOs and other senior management officers. John has also spoken at more than 100 different conferences, seminars and board meetings for various public and private colleges and universities. He is also a member of Moody’s Global Public Sector Credit Committee (PSCC). Prior to joining Moody’s, John managed an executive staff of corporate planners for the Port Authority of New York and New Jersey. He also spent four years as a country risk analyst for Republic National Bank, as well as two years as budget advisor to New York’ City Council President.  John received a B.A. in History with a course concentration in Economics from Binghamton University in New York in 1976, a Masters of Public Policy from the University of Texas at Austin in 1979.  He was also a research associate at the Aspen Institute for Humanistic Studies in Aspen, Colorado in 1979. John is currently Adjunct Associate Professor of Public Administration at New York University focusing on financial analysis of not-for-profit organizations.

Mary Peloquin-Dodd is a managing director in Standard & Poor’s Corporate and Government Ratings.  She is the senior analytical leader for U.S. higher education and not-for-profit corporation ratings.   Since joining Standard and Poor’s in 1987, Mary has worked in public finance in a variety of sectors.  Since 1990 she has worked extensively in the United States higher education sector and on other not-for-profits such as hospitals and health systems, cultural institutions, foundations, membership organizations and research institutions.  From 1987-1990, she worked in Standard & Poor’s short-term/structured finance group and on state and local government obligations and structured finance transactions.  Currently her responsibilities include ratings for public and private colleges in the U.S., independent schools, and domestic non-profit corporations.  Standard and Poor’s rates the uninsured debt of several hundred U.S. colleges and universities and over one hundred other not-for-profit corporations. Mary frequently chairs higher education/healthcare/and not-for-profit rating committees at Standard & Poor’s.  She is a frequent author in the field of higher education finance and regularly speaks at national and regional higher education conferences.   Mary holds both a Bachelors Degree in Geology and a Masters Degree in City and Regional Planning from the University of North Carolina at Chapel Hill and has completed additional graduate course work in public finance at New York University.  She is the corporation’s primary representative to the National Association of College and University Business Officers (NACUBO) and is a member of the Municipal Analysts Group of New York and the National Federation of Municipal Analysts.            

Mr. Gisby is the National Practice Leader for Healthcare at Deloitte Corporate Finance LLC. Prior to joining Deloitte, Mr. Gisby was a Director with Houlihan, Lokey, where he specialized in the financial restructuring of Healthcare Companies. Mr. Gisby was previously a Director in the Global Healthcare Investment Banking Group of UBS Investment Bank and PaineWebber, where he structured and completed numerous merger and acquisitions, initial public offerings and other capital markets transactions. Mr Gisby was educated at Oxford University and is a Chartered Financial Analyst.

Diana Hoadley, Managing Director and Head of Higher Education/Non-Profit Group, has over 25 years of higher education/healthcare and non-profit investment banking experience. Ms. Hoadley has been involved in over $50 billion of tax-exempt and taxable financings, derivative and investment products, loan pools, leases, mergers, acquisitions, and divestitures for institutions ranging from private colleges and public universities to research institutes, cultural institutions, and foundations. Ms. Hoadley’s banking practice is focused on asset liability management, capital raising, debt restructuring, academic medical centers, credit analysis and rating agency strategy.Ms. Hoadley is a founding Board Member of The Women in Public Finance – Northeast Chapter; United Cerebral Palsy of New York City – Women Who Care Board Member; a Regional Chair for Princeton University Annual Giving; and a member of the J.P. Morgan Investment Banking Women‘s Network. Ms. Hoadley received an AB in psychology (Certificate of Science in Human Affairs) from Princeton University and an MBA in finance from New York University.

Rick Chisholm joined Wells Fargo Securities in August 2009 and co-heads the firm’s Education & Nonprofit investment banking practice.  He previously served as co-head of the Education & Nonprofit Group at Bank of America Merrill Lynch.   With over 20 years of experience focused exclusively on raising capital for higher education and nonprofit organizations, Mr. Chisholm has executed more than 400 transactions totaling over $8 billion.In addition to serving a large number of higher education and research institute clients, Rick has also served as lead banker for major cultural institution financings. These include Orange County Performing Arts Center, Fine Arts Museums of San Francisco, Dallas Center for the Performing Arts, Kauffman Center for the Performing Arts, Museum of Fine Arts – Boston, Los Angeles Music Center, Colburn School for the Performing Arts, and the Sterling and Francine Clark Art Institute.  Mr. Chisholm is a frequent speaker to 501(c)(3) organizations on capital markets trends and issues.  Recent venues include The Bond Buyer’s Cultural Forum, CFO/Arts, Boston Consortium of Colleges and Universities, WACUBO, and the Association of Independent Research Institutes.Rick holds an MBA in Finance and a BA in History from the University of California, Berkeley.  He currently serves on the Boards of National University and the YMCA of San Francisco.

Leigh M. Nader, CFADirector, Public Finance, Eastern RegionAssured GuarantyLeigh Nader is a Director in Assured Guaranty’s Public Finance group focusing on enterprise credits for the eastern region.� In her role, Ms. Nader is the [primary] underwriter for healthcare and public higher education transactions.� As a senior underwriter on her team, she was also responsible for high profile restructuring transactions such as those for Jefferson County Sewer and Detroit Water & Sewer.� Ms. Nader joined Assured Guaranty in 2005, as a Vice President in the healthcare group. �Prior to joining Assured Guaranty, Ms. Nader was a founding member of the healthcare underwriting group for CIFG. She also worked as an underwriter in the public finance group of XL Capital Assurance, where she was responsible for not-for-profit transactions. Ms. Nader began her career as an analyst in the Merrill Lynch Investment Managers Municipal Funds Group, where she was the lead analyst for the senior living and high yield hospital sectors. A CFA charterholder, Ms. Nader has a BS in Management from Boston University.� She is a member of the National Federation of Municipal Analysts (NFMA), Municipal Analysts Group of New York (MAGNY) and a member of the professional networking organization, Women in Public Finance.�Fun Facts:Ms. Nader’s favorite vacation destination with her family is Nantucket.� She has two boys, ages 5 and 3 and loves to explore local farms with them. �

Diana Hoadley, Managing Director and Head of Higher Education/Non-Profit Group, has over 25 years of higher education/healthcare and non-profit investment banking experience. Ms. Hoadley has been involved in over $50 billion of tax-exempt and taxable financings, derivative and investment products, loan pools, leases, mergers, acquisitions, and divestitures for institutions ranging from private colleges and public universities to research institutes, cultural institutions, and foundations. Ms. Hoadley’s banking practice is focused on asset liability management, capital raising, debt restructuring, academic medical centers, credit analysis and rating agency strategy.Ms. Hoadley is a founding Board Member of The Women in Public Finance – Northeast Chapter; United Cerebral Palsy of New York City – Women Who Care Board Member; a Regional Chair for Princeton University Annual Giving; and a member of the J.P. Morgan Investment Banking Women‘s Network. Ms. Hoadley received an AB in psychology (Certificate of Science in Human Affairs) from Princeton University and an MBA in finance from New York University.