Douglas Montague

Mr. Montague is an expert in large water issuer and local government financing.� He began his career in municipal finance with Lehman Brothers in 1984.� In 1993, he joined CS First Boston working in the firm�s Los Angeles public finance office and continued coverage of state and county level issuers.� He founded Montague DeRose and Associates in 1995.� The firm provides financial advisory services to major public sector clients primarily in the western states and has completed financings totaling nearly $200 billion. Mr. Montague�s clients include large water issuers including the California State Department of Water Resources, the East Bay Municipal Utility District and the San Diego County Water Authority, large general government issuers including the California State Treasurer�s Office, the County of Los Angeles, the City of Los Angeles and the City of San Diego, and port and surface transportation issuers including the Port of Los Angeles, the Port of Oakland, the Los Angeles County Metropolitan Transportation Authority and the San Bernardino County Transportation Authority.� He holds a Master of Business Administration degree in Finance from the Wharton School of the University of Pennsylvania.