Banco Popular de Puerto Rico

Errol Brick joined PFM in 2011 when PFM acquired his financial advisory firm, The Killarney Group. Mr. Brick startedKillarney in 1995 after spending 16 years providing investment banking services to non-profit healthcare clients as asenior healthcare banker at Goldman, Sachs & Co.His clients include academic medical centers, large multi-hospital systems as well as stand-alone non-profit hospitals.In addition, Errol serves as a financial advisor to the Maryland Health and Higher Educational Facilities Authority,providing advisory services to all of the Authority’s healthcare, higher education and non-collegiate school borrowers.Errol assists clients to identify and mitigate risks inherent in the structure s of their financial assets as well as liabilities;as well as recommending debt structures that meet clients’ financial goals. He also assists clients to evaluate andexecute strategic options relating to their businesses. These options include delivery mode, organizational structure,as well as mergers and acquisitions.Mr. Brick graduated from the University of the Witwatersrand, Johannesburg, South Africa with a B. Com degree inEconomics and a Master of Business Administration degree in Applied Economics. Errol is licensed as a CertifiedPublic Accountant by the State of New York, and is designated as a Chartered Global Management Accountant by theAmerican Institute of Certified Public Accountants. He holds a General Securities Principal license and a GeneralSecurities License issued by FINRA.

Emily Wong is a senior director in the Fitch Ratings health care group. Emily has over ten years experience in the nonprofit healthcare industry and is primarily responsible for analyzing and rating acute-care hospitals, nursing homes, and continuing care retirement communities. In addition to her six years at Fitch, Emily has worked at UBS as a healthcare investment banker and at The Vanguard Group as a research analyst. In addition, Emily was also a rating analyst at Standard and Poor’s in their healthcare and higher education group.Emily earned a BS in environmental studies from Saint Mary’s University and an MPA in public finance from Indiana University. She is a member of the Healthcare Financial Management Association.

Joanne Ferrigan leads the analytical team within Fitch Ratings Education & Nonprofits Group. Joanne and her team of analysts are responsible for assigning and maintaining ratings on approximately 200 credits. Joanne has over 22 years of experience in public finance covering a variety of sectors.Prior to joining Fitch, Joanne worked on the sell side at both Morgan Stanley and Morgan Stanley Smith Barney, and the buy side at Weiss, Peck and Greer. Previously, she was an analyst in the higher education group at Standard and Poor�s, and started her career at MBIA.Joanne holds an MBA in finance from Fordham University and a BS degree in business from Marymount College.

Lauren Mack is a tax-exempt organizations, tax-exempt finance and health care law attorneywith a focus on federal tax matters. She counsels and represents hospitals, health careorganizations and other tax-exempt organizations in connection with a wide variety of taxplanning matters. On behalf of these organizations, she provides advice in connection withcorporate and transactional matters; assists clients with respect to exemption applications,private letter ruling requests, audits and closing agreements; and counsels clients on taxcompliance and governance matters.In addition, Ms. Mack has been involved in a broad of range of tax-exempt financings, servingas bond counsel and counseling borrowers (including health care organizations, culturalinstitutions, schools and universities), underwriters and banks (as liquidity and/or creditproviders) with respect to tax matters. She advises clients with respect to transactionstructuring as well as post-closing tax compliance. She represents clients before the IRS inconnection with audits, closing agreements under the IRS's Voluntary Compliance Program andprivate letter rulings.Ms. Mack is a regular speaker on tax-exempt organization and tax-exempt finance issues.

Darrell Johnson is the Chief Executive Officer of the Orange County Transportation Authority, leading an agency of 1,400 employees responsible for delivering projects, programs and services that improve mobility for more than 3 million county residents.Under the direction of OCTA’s 17-member Board of Directors, Mr. Johnson is responsible for a $1.16 billion annual budget and implementing the planning, financing and coordinating of Orange County's freeway, street and rail development as well as managing countywide bus services, commuter-rail services, paratransit service and operation of the 91 Express Lanes.Since becoming CEO in 2013, Mr. Johnson has focused on delivering projects through Measure M – Orange County’s voter-approved, half-cent sales tax for transportation improvements.By 2020, more than $3 billion in OCTA projects will be under construction, including the $1.9 billion I-405 Improvement Project and 405 Express Lanes, the largest ever undertaken by the agency.In addition, Mr. Johnson has launched an effort to reshape transit in Orange County through a recent bus system overhaul, implementing a modern streetcar system, adding community-based shuttles, and exploring transportation network company partnerships.�Mr. Johnson represents OCTA on local, state and national issues related to transportation programs and policies. �Johnson lives in Rancho Santa Margarita with his wife and two daughters.

Mr. Knorr has over 26 years of corporate and not-for-profit investment banking experience, having worked on over $20 billion of tax-exempt and taxable healthcare financings. He is a former Certified Public Accountant and has both an M.B.A. and B.S. from the Wharton School at the University of Pennsylvania. He joined Merrill Lynch after receiving his graduate degree with a dual concentration in finance and public policy and management. He has served a wide variety of clients in the healthcare industry, from standalone hospitals to multi-state health systems to academic medical centers. Mr. Knorr has worked on a number of complex health care financings and strategic advisory assignments, bringing innovative solutions tailored to specific client needs. More recently, he has been at the forefront of advising not-for-profit corporations bringing taxable bonds totaling more than $3 billion to the market using the 3(a)(4) exemption, and completed the first unenhanced “AAA”-rated health care transaction for Parkland Health & Hospital System.

Steve T. Park is the Practice Leader of Ballard Spahr's P3/Infrastructure Group. Mr. Park advises issuers, underwriters, borrowers, and purchasers in connection with the structuring, issuance, offering, placement, remarketing, and restructuring of tax-exempt and taxable municipal securities and other debt instruments and derivatives. Mr. Park also advises clients in all phases of transportation, infrastructure, and public-private partnership (P3) projects. He is currently serving as P3 counsel to various clients for major development and capital improvement projects throughout the nation. Some of his notable engagements include serving as counsel to the Georgia Department of Transportation for the I-285/SR 400 Reconstruction Project, the Federal Railroad Administration for the Denver Union Station Project, and the Virginia Department of Transportation for the I-95 HOT Lanes Project. Mr. Park also serves as bond, borrower's, and underwriter's counsel to various clients, including investment banking firms, higher education institutions, health care institutions, school districts, and municipalities. Mr. Park is a graduate of Dartmouth College (B.A. 1998) and the University of Pennsylvania Law School (J.D. 2006) where he served as Senior Editor of the Journal of International Economic Law.