Banco Popular de Puerto Rico

Gavin manages the Special Accounts Group in Wells Fargo’s Corporate Trust Services Department.  The Special Accounts Group administers the portfolio of defaulted municipal and corporate bonds in which Wells Fargo serves as trustee.  Gavin joined Wells Fargo in this capacity in 1997.A quick review of the Lucite tombstones on Gavin’s desk provides a representative sample of Gavin’s experience in bond workouts, bankruptcies and (occasional) full recoveries including:Republic of Argentina City and Province of Buenos Aires Republic of Ecuador Enron Corp. Jefferson County Kmart Corporation Las Vegas Monorail Corporation NTL Corporation Sumner Regional Health Systems TWA Airlines United Airlines Waldorf CollegePrior to his work in bond workout, Gavin practiced law in St. Paul, Minnesota where he represented clients in securities fraud, antitrust and consumer fraud class actions.Gavin has degrees from the University of Minnesota and Macalester College (go Scots!).

Bill Rhodes is Chair of the Public Finance Department at Ballard Spahr LLP, and Practice Leader of the firm’s Municipal Recovery Initiative.He represents clients in the financing of public infrastructure, transportation, economic development, and other facilities for governments, nonprofits and utilities, with an emphasis on distressed municipalities and the offering of high-yield municipal securities.� Mr. Rhodes also advises clients in the evolving landscape of municipal securities regulation and enforcement, including regulatory compliance, primary and secondary market disclosure, and enforcement actions.Mr. Rhodes is a graduate of The Dickinson School of Law of The Pennsylvania State University, Swarthmore College and Phillips Exeter Academy.

Patrick J. Harvey is a partner in the Litigation Department and a member of the Labor and Employment Group and the Municipal Recovery Initiative. Mr. Harvey's practice includes the defense of claims of discrimination, harassment, and retaliation under Title VII of the Civil Rights Act of 1964, the Age Discrimination in Employment Act (ADEA), the Americans with Disabilities Act (ADA), and the Family and Medical Leave Act (FMLA).Mr. Harvey represents employers in labor arbitration and collective bargaining in both the private and public sectors. He litigates and advises clients regarding NLRB and PLRB litigation, Heart and Lung Act litigation, police and fire disability and pension issues, and litigation involving public sector employees. He also represents municipal employers in Act 195 and Act 111 interest and grievance arbitrations. He places special focus on defending the often conflicting and confusing claims resulting when an employee simultaneously files workers' compensation, ADA, FMLA, Heart and Lung claims, and union grievances. Mr. Harvey uses his disability law background to ensure that employers are fully represented and works towards the goal of globally resolving all employment claims.Mr. Harvey also defends employers in general employment litigation matters, including claims of wrongful discharge, employment tort and contract claims, and the Fair Labor Standards Act (FLSA). He litigates and advises employers on compliance with federal and state equal employment opportunity (EEO) laws, and on laws in such areas as hiring and firing practices, discrimination, and sexual and other types of harassment investigations. Mr. Harvey defends employers in state courts against such claims as workers' compensation retaliation and Whistleblower Act claims.Mr. Harvey’s education: Villanova University School of Law (J.D. 1985) Villanova University (B.S. 1982)

Nancy Winkler is the Chair of the GFOA Debt Committee. She has just ended her five year term as Treasurer of the City of Philadelphia under Mayor Michael Nutter.��Prior to joining the City, she was a Managing Director at the PFM Group, managing the firm's New York office from 1998 until 2011.�Ms. Winkler worked for the PFM Group from 1982 - 2011. Named a Managing Director in 1990, she worked on a wide range of municipal market transactions and privatizations in over 20 states.�As City Treasurer, she oversaw the City’s $8.5 billion debt portfolio, including general obligation, service agreement, and revenue bonds, the Philadelphia Airport, City of Philadelphia Water department, and the Philadelphia Gas Works, and other City-related agencies. She oversaw the investment of $2.0 B of operating and bond funds, managed the City’s $1 billion derivatives portfolio and all depository banking and payments from the City Treasury. She managed the City’s rating agency relations. During her tenure, S&P has increased the City's bond ratings several times, from BBB to BBB+ in April 2012 and from BBB+ to A- in June 2013 and to A+ in December of 2013.Ms Winkler is one of the five members of the newly created City of Philadelphia Water, Sewer and Stormwater Rate Board. Ms. Winkler was the Finance Director's representative on the Philadelphia Gas Works (“PGW”) Pension Board managing $500 MM.�

Robert S. Dakers is the executive finance officer for the state of Connecticut's Office of Policy and Management (OPM). His previous work includes serving as director of municipal finance services with OPM, the emergency administrative and financial manager for the Waterbury state financial oversight board and the assistant director of the Bridgeport and West Haven state financial oversight boards. He also worked for the City of Phoenix, Arizona in its Management and Budget Department and the cities of Norwich and Norwalk in Connecticut.He graduated from Bryant University and earned a Master of Public Policy from the University of Michigan.

Clarence D. “Clay” Armbrister has had a nearly thirty year career in the private and public sectors that have either been directly or tangentially involved in public finance.  In his most recent stint in the public sector, Mr Armbrister served as Chief of Staff to the Honorable Michael A. Nutter, Mayor of the City of Philadelphia. Mr. Armbrister has also served in senior positions in the higher education arena, serving up until recently as Senior Vice President and Chief of Staff to the President of Johns Hopkins University--building on four years of service at Temple University where Mr. Armbrister served as Executive Vice President and Chief Operating Officer prior to joining the Nutter Administration. Mr. Armbrister began his professional career as a lawyer in the public finance department of Saul, Ewing Remick and Saul, leaving as a partner in 1994 to begin what was thought to be a short term hiatus from the practice of law to serve as City Treasurer under then Mayor Edward G. Rendell. He went on to serve as the Managing Director of the Philadelphia School District (serving simultaneously as the Chief Financial Officer and the Chief Operating Officer) and as an investment banker, joining PaineWebber--which subsequently became UBS--where he left as a Director in the Public Finance Department in 2003 to join Temple University. Mr. Armbrister received his J.D. from the University of Michigan Law School in 1982 and his B.A. degree in political science and economics from the University of Pennsylvania in 1979. Mr. Armbrister is a native of Miami, Florida.  He, his wife Denise, and their family reside in the Overbrook Farms section of Philadelphia.

Brian A. Crumbaker is a shareholder with Hopping Green & Sams, P.A., in Tallahassee.  His practice focuses on the financing, construction and management of infrastructure necessary for the development of large-scale residential, commercial and mixed-use projects, including representation of landowners/developers before the Florida Land and Water Adjudicatory Commission and local governments in relation to the establishment of community development districts.  Mr. Crumbaker also provides counsel to indenture trustees, bondholders and community development districts on matters involving land secured, tax-exempt debt including, but not limited to, landowner bankruptcies, distressed/defaulted debt and agreed upon restructurings.Mr. Crumbaker received his Bachelor of Arts degree from The Florida State University, and his Juris Doctor degree from the University of Miami School of Law.

Ms. Arnone leads Barclays� coverage of New York State and its related entities, the City of New York, major Midwest issuers and the Firm�s tax-exempt securitization initiatives. Ms. Arnone has senior managed transactions for over $20 billion of New York City and New York State debt as well as several large Midwest clients including the States of Illinois, Indiana, Iowa, Michigan, Minnesota, Ohio and Wisconsin.Ms. Arnone has covered NYC for 20 years and assisted NYC in its creation of the TFA PIT and BARB credits. Ms. Arnone is recognized as the industry expert on tobacco securitizations and often presents before organizations such as the National Federation of Municipal Analysts and the Municipal Analysts Group of New York (MAGNY) on the status of the tobacco market. Having led 31 tobacco securitizations totaling in excess of $39.0 billion, Ms. Arnone's tobacco transactions include the $1.4 billion restructuring for New York City�s TSASC, a $3.62 billion restructuring for New Jersey which lowered the percentage of TSRs pledged and New York State�s highly successful $959.2 million appropriation/tobacco refunding through the TSFC in June 2011. She has extensive knowledge of the municipal market having led virtually every credit structure and product type.Ms. Arnone received a B.A. in finance from St. John�s University.

David Pollak has spent more than two decades working at the intersection of Public Policy and the financial markets. He is currently a Senior Strategic Advisor and Independent Consultant at McKenna, Long & Aldridge. He is also Director of Marketing at Pegasus Capital Advisors, L.P, a private equity fund manager that provides creative capital and business solutions to middle market companies. David is a member of the Democratic National Committee where he serves on the Credentials Committee.In 2008 David was the New York State Director for the Obama for America Campaign. From 2006-2008 Mr. Pollak served as Co-Chairman of the New York State Democratic Party, where he was unanimously elected by Party members. Prior to 2006 David was an investment banker at Donaldson, Lufkin & Jenrette, PaineWebber and UBS. His investment banking experience includes transactional work in the areas of asset management, municipal bonds, public power, transportation, public-private partnerships, and land-use.David is a regular political commentator on MSNBC, the FoxNews Channel, NY1 and CNN. He has spoken internationally about US politics, economics and financial policy. He has also been heard on National Public Radio, Air America, WNYC and WWRL and other radio stations nationwide.David serves on the Board of Trustees of The Community Service Society which is dedicated to alleviating poverty in New York. He is also on the Board of The Center for Arts Education, an organization dedicated to restoring and sustaining arts education in New York City's public schools. He also serves on the Board of Governors of the Arab American Institute based in Washington DC.He was named one of New York’s “Freshest Faces” by the Daily News, and a New York “Power Baby” by the New York Observer.David received his Master’s degree in Public Policy from Harvard University, and his BA in Economics and Politics from the Colorado College.