Treasurer, State of California
John Chiang was elected on November 4, 2014, as California’s 33rd State Treasurer. As the State’s banker, he oversees a bank that processes trillions of dollars in transactions every year. One of his top priorities is to conduct the State’s business in the most transparent manner possible.
Chiang sells California’s bonds, invests the State’s money and manages its cash. In addition, he manages financing authorities that help provide good-paying jobs, better schools, improved transportation, quality health care, more affordable housing and a cleaner environment. He handles those duties while sitting on the governing boards of the nation’s two largest public pension funds – the California Public Employees’ Retirement System (CalPERS) and the California State Teachers’ Retirement System (CalSTRS).
Prior to being elected Treasurer, Chiang served from 2007 through 2014 as State Controller, during which time he:
• Took steps during the Great Recession to preserve cash to meet obligations to education and bond holders. His cash management decisions – which included delaying payments and issuing IOUs -- were cited as instrumental in keeping the State’s credit rating from plunging into junk status, which saved taxpayers millions of dollars.
• Worked to ensure the fiscal solvency of the State’s pension plans, and was a leader in pension and corporate governance reform. He proposed a plan to address the unfunded liability of providing health and dental benefits for state retirees, and successfully sponsored legislation requiring all State pension systems to adopt disclosure policies regarding board members and placement agents. He also has sponsored bills to curb pension-spiking, require placement agents to register as lobbyists, and require CalPERS and CalSTRS board members to file more campaign contribution disclosure reports.
• Aggressively used his auditing authority to identify more than $9 billion in taxpayer dollars that were denied, overpaid, subject to collection, or resulted in revenues, savings and cost avoidance.
• Ensured that $3.1 billion in unclaimed property was returned to the rightful owners. He also led the effort to reform the State’s Unclaimed Property Program, which currently holds about $7.1 billion in bank accounts, utility deposits and other property that businesses have deemed abandoned by their owners.
Chiang was first elected to the Board of Equalization in 1998 where he served two terms, including three years as chair. He began his career as a tax law specialist with the Internal Revenue Service and previously served as an attorney in the State Controller’s Office.
The son of immigrant parents, Chiang graduated with honors from the University of South Florida with a degree in Finance. He received his law degree from the Georgetown University Law Center.
Director, Intel Capital
Raj Gollamudi has been an Investment Director at Intel Capital since 2013 with a particular focus on the mobile sector. Previously, he was an Investment Partner at Omidyar Network, an impact investing firm where he was responsible for mobile technology investments in emerging markets. Before joining Omidyar, Raj was a General Partner of BlueStream Ventures, a $300 million technology venture capital firm which he co-founded in 2000. Raj began his career as a software developer at Sun Microsystems. Raj has an MBA in Finance from the Wharton School, a Master's in Computer Science from Clemson University, and a Bachelor's in Electrical Engineering from BITS Pilani in India.
Moderator:, San Francisco Board of Supervisors, representing District 6
Jane Kim sits on the San Francisco Board of Supervisors, representing District 6, which encompasses the Tenderloin, South of Market, and Treasure Island. She currently serves on the Land Use Committee, the Transbay Joint Power Authority, and as Chair of the City and School District Committee.
Supervisor Kim’s priorities include preserving and building more affordable housing, funding public schools and parks, and addressing homelessness through a public health lens. Kim’s landmark initiatives include the Fair Chance Act (banning the box on employment and housing applications that asks about an applicant’s conviction history), raising the minimum wage to $15 per hour, securing full-time nurses for homeless shelters, and ensuring that San Francisco builds a minimum of 40% affordable and middle income housing.
Kim was previously worked for Community Organizer at Chinatown Community Development Center, the Greenlining Institute, and Lawyers Committee for Civil Rights, and served as President of the San Francisco Board of Education. Kim received her B.A. in political science/Asian American studies from Stanford University and her J.D. from the U.C. Berkeley School of Law. @JaneKim
Head of Business Development, North America, Tencent
Randy Lee is Head of Business Development, North America at Tencent. Randy’s primary responsibilities include investments, licensing and partner management for all things gaming related. Prior to Tencent, Randy was VP of Global Business Development at Crowdstar, a Time Warner, Intel Capital backed leader in mobile games. Randy led Crowdstar’s expansion internationally, managed their strategic platform partnerships and other distribution and licensing initiatives.
Partner, Morgan, Lewis & Bockius LLP
John helps venture capital and corporate venture capital clients structure and implement early and late stage investments. He also represents private and public companies providing general corporate and strategic advice on financings, partnerships, joint ventures and M&A transactions, as well as inbound, outbound, and cross-border transactions. In many of these transactions, he draws upon his experience in intellectual property protection, technology licensing, environmental law, corporate governance, executive compensation, labor and employment, and international tax law.
John is the chair of the Corporate Venture Capital Working Group at VC Taskforce, an organization that represents the venture capital community, and is a member of the mergers and acquisitions committee of the American Bar Association. He is also on the advisory board of the Harvard Business School Association of Northern California. The Legal 500 listed John as a leading emerging growth company lawyer in Silicon Valley.
Executive Director, Hyundai Ventures
John Suh is the Executive Director of Hyundai Ventures, which focuses on making strategic investments and business partnerships in the United States for the Hyundai Motor Company. Hyundai Ventures’ invests and partners along four themes: 1) intersection of mobile devices, the Internet, and the car, 2) automotive cleantech and eco-friendly technologies, 3) intelligent systems and manufacturing technology, and 4) new business models for personal mobility and the automotive supply chain.
Prior to joining Hyundai, he worked at General Motors, Xerox PARC (Palo Alto Research Center), and several Silicon Valley startups where he has had roles in corporate investing, product management, and R&D. John has a BS degree in electrical engineering from Kettering University and an MS and PhD degrees in mechanical engineering from Stanford University.
John has numerous technical publications and has 5 patents and patents pending in the fields of robotics, artificial nose technology, and location based services.
CEO, The Algonquin Group
A frequent speaker and author of “Insights & Opportunities”, Charlene Yu Vaughn is experienced with numerous technology and media oriented branding, licensing, start-ups, financings, turnarounds and mergers. Her career spans from global advertising giants, Young & Rubicam and Ogilvy & Mather to a founding executive of Time Warner Interactive to the President/CEO of Chuck Jones Studio Productions to President/CEO of the Tunes Network, Inc. (tunes.com); the Chairman/Founding CEO of Middlewire to her current position as the CEO/Founder of The Algonquin Group. Through her work at The Algonquin Group, Ms. Yu Vaughn has served as the strategic advisor to over 50 leading revenue-generating emerging technology and media companies and international ventures in information technology, healthcare/life sciences, clean technology, digital media and consumer products in securing funding and accelerating their strategic growth, revenue, strategic alliances and business development. Her firm, The Algonquin Group, assists privately held and publicly traded US companies in their expansion into Asia Pac (APAC) and APAC and US companies in their expansion globally as well as into the domestic US market.