Banco Popular de Puerto Rico

Mort Downey is the Chairman of the Board of PB Consult Inc. and represents our strategic consulting practice in the transportation industry as a distinguished leader and trusted advisor to major public agency clientsMr. Downey completed 8 years as U.S. Deputy Secretary of Transportation and managed the department's highly regarded strategic planning process. He also served on the President's Management Council, as chair of the National Science and Technology Council Committee on Technology, and as a member of the board of directors of Amtrak. For a prior administration he served as the Assistant Secretary at the Department of Transportation with significant responsibilities for matters in the international arena, including bilateral negotiations, multinational conferences and international trade and development missions. Mr. Downey also served as executive director and chief financial officer at the Metropolitan Transportation Authority (MTA) in New York, the nation's largest independent public transportation authority. During his 12 years at the MTA, he was involved in initiating the capital rebuilding of the MTA system, overseeing the financing for and programming of more than $20 billion of capital investment into its regional transportation facilities.

Pamela Bailey-Campbell leads all aspects of public-private partnerships across all infrastructure sectors in the Americas. Ms. Bailey-Campbell is a nationally recognized leader in the field, with more than 25 years of experience in the development, financing, and implementation of projects that involve public-private partnerships (PPPs) for highways, transit and other infrastructure. She has expertise in the entire development process for innovative financing and delivery of projects including strategic policy and organizational issues, as well as all elements of procurement, evaluation and negotiations. Her advisory expertise includes feasibility and risk assessments as well as HOT and other pricing approaches. One of the advantages Ms. Bailey-Campbell brings to clients is her hands-on PPP expertise while holding executive positions with the E-470 Public Highway Authority where she developed and implemented one of the first public-private projects. A few highlights of her work include the original development and subsequent concession procurement for the Northwest Parkway, the Innovative Partnerships Program for the Oregon Department of Transportation, the SR125 (Southbay Expressway) concession in California and the first non-recourse financing of a toll road in Canada. Ms. Bailey-Campbell is President of the American Road & Transportation Builders Association Public-Private Venture Division and is an active participant in International Bridge Tunnel and Turnpike Association where she serves as the Vice-chair for the Finance Steering Committee and on several Program Committees. She frequently writes and speaks on PPPs.

Daniel Heimowitz, Managing Director joined RBC Capital Markets in March 2008, focusing on municipal clients in the northeast and also working with large issuers throughout the US, on creative credit solutions. Previously, was a Managing Director in the Public Finance Group at Lehman Brothers where he also led efforts to win mandates to introduce new credits and develop credit strategies for high profile issuers; was Executive Vice President and Director of the Public Finance Department of Moody's Investors Service from 1990 to 1996, responsible for all public finance rating services and analytic rating groups, chairing Rating Policy and Public Finance Rating Committees and working directly on the credit evaluations of major issuers and significant new financings. Active participant in the municipal industry having served as the Chairman of the Municipal Forum of New York and a member of the Government Accounting Standards Advisory Council; member of the Society of Municipal Analysts and the Municipal Analysts Group of New York.� Served on the Municipal Securities Rulemaking Board and was its Chairman in 2014.� Holds an MA in City Planning from Harvard University and a BA in Economics and Geography from Clark University. �

With more than 25 years of experience, Mr. Crawford has completed financings for a wide variety of transportation projects. He has personally completed more than $27 billion of financing for various undertakings, and has assisted on or supervised numerous others. He is also experienced in Public Private Initiatives for transportation, and has worked on various types of transportation financings, including: highway projects, bridges, light rail, toll facilities, and airports.

Mary Francoeur joined Assured Guaranty in February 2008.� She is a Managing Director responsible for business origination for US Public Finance and Project Finance and Utilities in the Americas.� Previously, Mary worked at FGIC and Moody’s Investors Service; she started her career in financial management roles with the Port Authority of New York and New Jersey and the City of Jersey City.Mary has a Master of Public Administration degree from the Maxwell School at Syracuse University where she also earned her BA in newspaper journalism and political science.� She is an officer of the National Federation of Municipal Analysts (from which she received a Meritorious Service Award in 2014); past Chairman of the Municipal Analysts Group of New York; a member of the Board of Governors of the Municipal Forum of New York; a founding member of the Board of the Northeast Women in Public Finance; and a trustee and treasurer of the South Orange-Maplewood Adult School.�

Michael A. Vaccari is the Co-Head of the firm’s Infrastructure Finance Team and a Deputy Group Leader of the Public Finance Group of Nixon Peabody LLP. With 30 years of experience, he has served as counsel in hundreds of financings covering a broad range of projects and finance structures, including transportation, housing and derivatives. He represents the United States Department of Transportation on its TIFIA credit assistance program and advised USDOT on the drafting and structuring of its template loan documentation published in 2008 and the original legal and program documents that created the TIFIA Program. He represented USDOT as a subordinate lender on the first transportation PPP project in the United States (SR 125), the first transportation PABs and HOT lanes financing (Capital Beltway), the first refinancing under SAFETEA-LU (Pocahontas Parkway), on SH 130 – a $1.3 billion toll road privatization in Texas, Triangle Expressway in North Carolina and the rental car facility at Miami International Airport. In addition, he represented lenders and underwriters on one of the bidding teams for the I-595 PPP project in Florida, on I-635 in Texas and on two of the finalist bidding teams for the NYSDOT PPP RFP.Mr. Vaccari represented New York’s Metropolitan Transportation Authority on the largest debt restructuring in history. The MTA’s program involved $14.5 billion of bonds in 18 transactions over a 7 month period. He has served as counsel on over $2 billion of swap transactions for MTA, AIG SunAmerica, Freddie Mac and USDOT. Prior to joining Nixon Peabody LLP, he was Deputy Executive Director, General Counsel and Secretary of the New York Metropolitan Transportation Authority, the largest transportation provider in the country. Mr. Vaccari began his legal career in public finance with the New York City Law Department in 1978. Four years later, he joined the public finance group at the law firm of Brown & Wood, where he remained until joining the MTA.

David Narefsky is a partner in Mayer Brown LLP’s Government and Global Trade practice.� He has had an active role in high-profile PPP transactions, with particular responsibility for governmental, finance �and regulatory aspects. �He advised the underwriters of the issuance of $400 million private activity bonds to finance a portion of the cost of construction of the Denver FasTracks Eagle P3 Project. This project was named 2010 North American Transport Deal of the Year by Project Finance Magazine and 2010 Regional Deal of the Year by The Bond Buyer. David was named a “Dealmaker of the Year” by the American Lawyer for his work on the Denver FasTracks financing. He led our representation of WVB East End Partners, the winning bidder for the East End Crossing, and is leading our representation of a short-listed proposer for the Portsmouth Bypass in Ohio.A 1979 graduate of the University of Michigan Law School, he served as Deputy Corporation Counsel for the City of Chicago, where he managed the transactional and commercial legal work of the City, before joining Mayer Brown in 1989.�

D.J. Gribbin is a Managing Director and Head, US Government Advisory and Relations for Macquarie Capital, having spent 17 years working on public policy and business development in the infrastructure sector.� �He has led advisory teams working on transactions in Puerto Rico, New Jersey, Texas and Colorado and has worked on numerous public private partnership deals in the US.Mr. Gribbin most recently served as the General Counsel for the United States Department of Transportation. As the General Counsel, he was confirmed by the U.S. Senate to serve as the principal legal advisor to the Secretary and for the Department. �His work in the infrastructure sector also includes serving as Chief Counsel to the Federal Highway Administration and Director of Business Development for Koch Industries, where he also served as Director of Government Affairs.� His varied professional background began on Capitol Hill, where he worked for U.S. Representative Larry Combest.� He also has served as a legislative representative for a trade association representing small business and as a grassroots organizer.�Mr. Gribbin has authored articles on payroll tax deposits and aviation policy.� He is the only person to win ARTBA�s public-private venture award for service in both the public and private sector, and is a two-time winner of the U.S. Secretary of Transportation�s Gold Award, the Department�s highest award.� He is a past president of ARTBA�s PPP division.Mr. Gribbin received his undergraduate degree in Philosophy from Georgetown University and his law degree from Georgetown University Law Center in Washington, D.C. He has also attended the Mandarin Training Center in Taipei, Taiwan.