Background: Ms. Fiona Ma was elected California State Treasurer in November 2018. She previously served as Chair and Vice Chair of the California State Board of Equalization from 2015 to 2019, representing more than nine million taxpayers. There, she led historic reforms to increase efficiency and transparency at the agency. As a state legislator, she was the first and only Asian-American woman ever elected California Assembly Speaker pro Tempore, the second-highest ranking office in the Assembly.

Stephanie Tom joins the State Treasurer’s Office as a Deputy Treasurer. In this role, Stephanie will oversee savings and investment programs in the STO, including ScholarShare 529 college savings plan, California Kids Investment and Development Savings Program, CalSavers retirement savings program, California Achieving a Better Life Experience savings program for people with disabilities, and the California Hope Opportunity Perseverance and Empowerment savings program for children who lost a parent to Covid-19 and long-term foster youth.