Banco Popular de Puerto Rico

Bhala Mehendale is a Managing Director at US Bank NA in the Government Banking Group focusing on Public Power. Bhala joined US Bank in October 2012 and is responsible for providing liquidity and loan products to U.S. Public Power issuers.Bhala has nearly fifteen years of U.S. and International experience in the power sector covering financial analysis & risk management. Prior to joining US Bank, Bhala worked for Fitch Ratings in the Public Power Group and was responsible for providing analysis, research and ratings on U.S. Public Power and Electric Cooperative issuers. Prior to that he worked for Customized Energy Solutions Ltd, a consulting firm in Philadelphia specializing in regulatory and financial risk management in deregulated electric markets and for Crisil Ltd (a subsidiary of Standard and Poor's) in Mumbai, India.He holds a Bachelor’s degree in Mechanical Engineering and a Masters in Management from the University of Mumbai, India. He has also earned an MBA in Finance, Investment & Banking from The University of Wisconsin-Madison.

Scott joined U.S. Bancorp�s Municipal Securities Group in May 2011 after previously working in the Bank�s Government Banking Division heading the banking coverage of the public power and transportation sectors.� Scott has over 25 years of experience within the public finance markets primarily as a relationship banker offering debt capital markets financing executions, credit and liquidity support, and interest rate and commodity derivatives. Since joining the Municipal Securities Group in 2011, Scott has been responsible for managing the firm�s bond underwriting activities with public power issuers across the country.Prior to joining U.S. Bank, Scott was Head of Public Finance for two international banks - Calyon, the corporate and investment bank for the Credit Agricole Group from 2005 through 2008, and Bayerische Landesbank, the Munich, Germany-based state bank of Bavaria from 1995 � 2004. Prior to these two firms, Scott held positions in public finance at other international banks after beginning his career in Charlotte, NC with First Union National Bank. Scott is a 1986 graduate of Clemson University with a BS in Financial Management and holds FINRA Series 7, and 66 licenses.

Vivek Kagzi is a Director in Citi's Municipal Securities Division, having worked there since 2005. Through the course of his career, Vivek has been a structured products and municipal derivatives specialist, now concentrating on arranging financing solutions for tax‐exempt clients, making renewable energy and energy efficiency investments, and working on new product initiatives across the division.Vivek's broad‐based experience and extensive product knowledge allows Citi to provide integrated capital market solutions to the firm’s clients seeking specialized finance solutions. Vivek is also currently involved in the firm’s efforts to raise capital and invest in $50 billion in renewable and energy efficiency assets and has closed transactions that will generate over 250MW of solar and wind energy when completed. In his time at Citi, Vivek has also been instrumental in the development of various products, including municipal credit index tranches and credit linked notes, structuring an over $500mm portfolio of FX‐denominated fund‐linked notes, and managing a $3.5bn tax credit investment book. Vivek has also structured financing alternatives for a variety of infrastructure projects, including a water pipeline, a bridge, wind farms and various photovoltaic systems.Finally, Vivek is also an active member of Citi's global Citi for Cities effort, supporting the world's cities in their ambition to transform, modernize infrastructure, improve efficiency, and foster sustainable growth and prosperity. Mr. Kagzi has an undergraduate degree in Economics and an undergraduate degree in Computer Science Engineering from the University of Pennsylvania in Philadelphia.

Mr. Fowler, a partner in the firm's Austin office, has been licensed to practice law in Texas since 1998 and has practiced law in the area of public finance since 2002.� Mr. Fowler joined McCall Parkhurst & Horton L.L.P. as an associate attorney in the firm's Austin office in February, 2004.� He is a graduate of the University of Oklahoma (BBA, 1994) and the University of Texas School of Law (JD, 1998).� Prior to joining the firm, Mr. Fowler served for the Texas Attorney General as an Assistant Attorney General in the Public Finance Division and was responsible for reviewing bond issuances by all forms of political subdivisions for compliance with Texas law and issuing legal opinions approving and confirming the validity of the bond issuances.Mr. Fowler's experience with McCall includes working with traditional bond transactions for cities, counties, school districts, water districts, regional water authorities and other political subdivisions in Texas including as lead Bond Counsel to many school districts, as well as transactions for various state agencies including the Office of the Governor, Texas Economic Development and Tourism, the Texas Public Finance Authority and the Texas Department of Transportation and serves as disclosure counsel for several water districts in Central Texas.� Mr. Fowler also represents underwriters in the purchase of public debt for all types of issuers, notably school districts, cities and water districts.�Mr. Fowler's professional affiliations include membership in the Texas State Bar Association, Oklahoma Bar Association, Austin Bar Association and the National Association of Bond Lawyers.

David Brown is the William R. Hough Professor of Finance in the Warrington College of Business at the University of Florida. Professor Brown has also served as Research Investment Officer at NISA Investment Advisors LLC (1998-2000) and Visiting Assistant Professor of Finance at the Kellogg School at Northwestern University (1990-1991). Professor Brown’s research interest and teaching assignments are in the area of fixed income security markets.  He has published papers in the Journal of Finance, Journal of Financial Economics, Review of Financial Studies, Financial Analysts Journal, Journal of Fixed Income, Journal of Business and Real Estate Economics. Professor Brown received his BA in Economics from Tulane University and his PhD in Economics from Washington University St. Louis.

Atsushi Chino was born in Yokohama, Japan. At Keio University in Japan he earned a Bachelor of Arts degree in Economics. After spending a few years at government and private sector positions, he obtained a Master of Arts in Economics from Osaka University in Japan and subsequently from University of Virginia. In 2012 he earned a Doctor of Philosophy in Finance at the Foster School of Business, University of Washington. He is currently an assistant professor in finance at the International University of Japan and teaches corporate finance, investment, and financial accounting courses. His research focuses on the effects of labor market rigidity and product market competition on corporate finance decisions.

Professor Chalmers is Associate Professor of Finance and Abbott Keller Distinguished Research Scholar at the Charles H. Lundquist College of Business at the University of Oregon where he has been on the faculty since 1996. He earned a BA in economics from Middlebury College in 1985, an MS in Applied Economics and a Ph.D. in Finance from the University of Rochester in 1992 and 1995 respectively.He has been Visiting Associate Professor at MIT’s Sloan School of Management, the Hong Kong University of Science and Technology and assistant professor at Virginia Tech. Professor Chalmers expertise is focused in the areas of municipal bonds, mutual funds, individual investor behavior and asset pricing.

James Bullard is president and chief executive officer of the Federal Reserve Bank of St. Louis, positions he has held since 2008. In these roles, he participates in the Federal Open Market Committee (FOMC) and directs the activities of the Federal Reserve’s Eighth District head office in St. Louis and branches in Little Rock, Ark., Louisville, Ky., and Memphis, Tenn. An economist and monetary policy scholar, Dr. Bullard has been with the Bank since 1990. His research has appeared in numerous professional journals, including the American Economic Review, the Journal of Monetary Economics, Macroeconomic Dynamics and the Journal of Money, Credit and Banking. He has been a peer reviewer for more than two dozen periodicals and institutions, and currently is co-editor of the Journal of Economic Dynamics and Control. In addition, Bullard has participated in more than 150 conferences, symposia and lectures sponsored by foreign central banks, academic institutions and monetary policy groups around the world. Bullard has called for the FOMC, the Fed’s monetary policymaking body, to adopt state-contingent policy, which is policy that is adjusted based on the state of the economy, and to give greater consideration to headline inflation than core inflation when making monetary policy decisions. He discussed the reasons to de-emphasize core inflation in his paper “Measuring Inflation: The Core Is Rotten,” published in 2011 in the Federal Reserve Bank of St. Louis’ Review. In the wake of the financial crisis, he supported quantitative easing and warned about the possibility of the United States’ falling into a Japanese-style deflationary trap. The latter was the subject of his paper “Seven Faces of ‘The Peril’,” published in 2010 in the Review. Beyond the Fed, Bullard is an honorary professor of economics at Washington University in St. Louis, where he also sits on the advisory councils of the economics department and of the Olin Business School’s Center for Finance and Accounting Research. He is a member of the University of Missouri-St. Louis Chancellor’s Council and serves on the boards of the St. Louis Regional Chamber and of the United Way of Greater St. Louis. A native of Forest Lake, Minn., Bullard received his doctorate in economics from Indiana University in Bloomington. He holds Bachelor of Science degrees in economics and in quantitative methods and information systems from St. Cloud State University in St. Cloud, Minn.