Matthew Kipling Fong (November 20, 1953 – June 1, 2011)
was an American
Republican
Republican can refer to:
Political ideology
* An advocate of a republic, a type of government that is not a monarchy or dictatorship, and is usually associated with the rule of law.
** Republicanism, the ideology in support of republics or agains ...
politician who served as the 30th
California State Treasurer
The state treasurer of California is a constitutional officer in the executive branch of the government of the U.S. state of California. Thirty-five individuals have held the office of state treasurer since statehood. The incumbent is Fiona Ma, a ...
. He was a government appointee, finance industry director, and consultant after retiring from the
Air Force Reserve
The Air Force Reserve Command (AFRC) is a MAJCOM, major command (MAJCOM) of the United States Air Force, with its headquarters at Robins Air Force Base, Georgia. It is the federal Air Reserve Component (ARC) of the U.S. Air Force, consisting of ...
. As of 2023, he is the most recent Republican to serve as California State Treasurer.
Life and education
Fong was born in
Alameda, California
Alameda ( ; ; Spanish for "Avenue (landscape), tree-lined path") is a city in Alameda County, California, located in the East Bay (San Francisco Bay Area), East Bay region of the Bay Area. The city is primarily located on Alameda (island), Alam ...
. He was the adopted son of
March Fong Eu
March Kong Fong Eu ( Kong; March 29, 1922 – December 21, 2017) was an American politician. She was a member of the California State Assembly and went on to serve as Secretary of State of California.
Early life and education
Eu was born March ...
, a
Democrat
Democrat, Democrats, or Democratic may refer to:
Politics
*A proponent of democracy, or democratic government; a form of government involving rule by the people.
*A member of a Democratic Party:
**Democratic Party (United States) (D)
**Democratic ...
who served as the 25th
California Secretary of State
The secretary of state of California is the chief clerk of the U.S. state of California, overseeing a department of 500 people. The secretary of state is elected for four year terms, like the state's other constitutional officers; the officeho ...
.
He graduated from
Skyline High School, and went on to earn a
Bachelor of Science
A Bachelor of Science (BS, BSc, SB, or ScB; from the Latin ') is a bachelor's degree awarded for programs that generally last three to five years.
The first university to admit a student to the degree of Bachelor of Science was the University of ...
degree at the
United States Air Force Academy
The United States Air Force Academy (USAFA) is a United States service academy in El Paso County, Colorado, immediately north of Colorado Springs. It educates cadets for service in the officer corps of the United States Air Force and Uni ...
in 1975.
In 1982, he received an
MBA
A Master of Business Administration (MBA; also Master's in Business Administration) is a postgraduate degree focused on business administration. The core courses in an MBA program cover various areas of business administration such as accounti ...
at
Pepperdine University
Pepperdine University () is a private research university affiliated with the Churches of Christ with its main campus in Los Angeles County, California. Pepperdine's main campus consists of 830 acres (340 ha) overlooking the Pacific Ocean and t ...
, and in 1985 attained his
J.D. degree at the
Southwestern University School of Law
Southwestern Law School is a private law school in Mid-Wilshire, Los Angeles. It is accredited by the American Bar Association and enrolls nearly 1,000 students. Its campus includes the Bullocks Wilshire building, an art deco National Register o ...
in
Los Angeles
Los Angeles ( ; es, Los Ángeles, link=no , ), often referred to by its initials L.A., is the largest city in the state of California and the second most populous city in the United States after New York City, as well as one of the world' ...
.
Public career
Fong retired from his
Air Force Reserve
The Air Force Reserve Command (AFRC) is a MAJCOM, major command (MAJCOM) of the United States Air Force, with its headquarters at Robins Air Force Base, Georgia. It is the federal Air Reserve Component (ARC) of the U.S. Air Force, consisting of ...
assignment at
The Pentagon
The Pentagon is the headquarters building of the United States Department of Defense. It was constructed on an accelerated schedule during World War II. As a symbol of the U.S. military, the phrase ''The Pentagon'' is often used as a metony ...
, serving as an adviser to the
U.S. Secretary of the Air Force on budget and finance
with the rank of
Lieutenant Colonel
Lieutenant colonel ( , ) is a rank of commissioned officers in the armies, most marine forces and some air forces of the world, above a major and below a colonel. Several police forces in the United States use the rank of lieutenant colone ...
in the Air Force Reserve.
California politics
In 1990, Fong unsuccessfully ran for
California State Controller
The state controller of California is a constitutional office in the executive branch of the government of the U.S. state of California. Thirty-two individuals have held the office of state controller since statehood. The incumbent is Betty Yee ...
, where he lost to Democrat
Gray Davis
Joseph Graham "Gray" Davis Jr. (born December 26, 1942) is an American attorney and former politician who served as the 37th governor of California from 1999 to 2003. In 2003, only a few months into his second term, Davis was recalled and remov ...
. In 1991, Fong was appointed to the
State Board of Equalization by Governor
Governor
A governor is an administrative leader and head of a polity or political region, ranking under the head of state and in some cases, such as governors-general, as the head of state's official representative. Depending on the type of political ...
Pete Wilson
Peter Barton Wilson (born August 23, 1933) is an American attorney and politician who served as the 36th governor of California from 1991 to 1999. A member of the Republican Party, he also served as a United States senator from California bet ...
.
Fong would serve as Vice Chairman of the board from 1991 to 1994.
In 1994, Fong ran to succeed
Kathleen Brown
Kathleen Lynn Brown (born September 25, 1945) is an American attorney and politician who served as the 29th Treasurer of California from 1991 to 1995. Brown unsuccessfully ran for Governor of California in the 1994 election.
Early life and e ...
as
State Treasurer
In the state governments of the United States, 48 of the 50 states have the executive position of treasurer. New York abolished the position in 1926; duties were transferred to New York State Comptroller. Texas abolished the position of Texas ...
. Fong defeated Democrat
Phil Angelides
Phillip Nicholas Angelides ( ; born June 12, 1953) is an American politician who was California State Treasurer and the unsuccessful Democratic nominee for Governor of California in the 2006 elections. Angelides served as the Chair of the Apollo ...
to secure a four-year term beginning in January 1995.
In the
1998 U.S. Senate election, he unsuccessfully challenged incumbent California
Senator
A senate is a deliberative assembly, often the upper house or chamber of a bicameral legislature. The name comes from the ancient Roman Senate (Latin: ''Senatus''), so-called as an assembly of the senior (Latin: ''senex'' meaning "the el ...
Barbara Boxer
Barbara Sue Boxer (née Levy; born November 11, 1940) is an American politician and lobbyist who served in the United States Senate, representing California from 1993 to 2017. A member of the Democratic Party, she previously served as the U.S. ...
.
Fong earned endorsements from national Republican leaders, including
Senate Majority Leader
The positions of majority leader and minority leader are held by two United States senators and members of the party leadership of the United States Senate. They serve as the chief spokespersons for their respective political parties holding t ...
Trent Lott
Chester Trent Lott Sr. (born October 9, 1941) is an American lawyer, author, and politician. A former United States Senator from Mississippi, Lott served in numerous leadership positions in both the United States House of Representatives and the ...
and
House Speaker Newt Gingrich
Newton Leroy Gingrich (; né McPherson; born June 17, 1943) is an American politician and author who served as the 50th speaker of the United States House of Representatives from 1995 to 1999. A member of the Republican Party, he was the U ...
.
Private sector career
He was president of the Strategic Advisory Group, providing counsel to
CEO
A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...
s and senior executives on strategy and business development. He was also Special Counsel to the law firm of Sheppard, Mullin, Richter & Hampton.
Fong held
Series 7 Series 7 may refer to:
*The seventh season of any of many shows or series; see and
*Series 7 exam, officially the General Securities Representative Exam, the most comprehensive financial securities exam offered by the FINRA
*'' Series 7: The Conte ...
and
63 securities licenses and was a principal of Belstar Group, a
New York
New York most commonly refers to:
* New York City, the most populous city in the United States, located in the state of New York
* New York (state), a state in the northeastern United States
New York may also refer to:
Film and television
* '' ...
-based
asset manager
Asset management is a systematic approach to the governance and realization of value from the things that a group or entity is responsible for, over their whole life cycles. It may apply both to tangible assets (physical objects such as buildings ...
.
Fong was an independent director of
TCW Group
TCW Group is an asset management firm based in Los Angeles, California.
History
Founded by Robert Addison Day in 1971 and headquartered in Los Angeles, TCW manages a broad range of investment products. The TCW Group was originally known as Trus ...
's complex of
mutual fund
A mutual fund is a professionally managed investment fund that pools money from many investors to purchase securities. The term is typically used in the United States, Canada, and India, while similar structures across the globe include the SICAV i ...
s. He also served on two technology start-up companies' boards of directors—one dealing with earthquake detection devices (Seismic Warning Systems) and the other involved with energy-saving devices (American Grid).
U.S. President
The president of the United States (POTUS) is the head of state and head of government of the United States of America. The president directs the executive branch of the federal government and is the commander-in-chief of the United States ...
George W. Bush
George Walker Bush (born July 6, 1946) is an American politician who served as the 43rd president of the United States from 2001 to 2009. A member of the Republican Party, Bush family, and son of the 41st president George H. W. Bush, he ...
appointed Fong chairman of the
Pension Benefit Guaranty Corporation
The Pension Benefit Guaranty Corporation (PBGC) is a United States federally chartered corporation created by the Employee Retirement Income Security Act of 1974 (ERISA) to encourage the continuation and maintenance of voluntary private defined b ...
Advisory Board.
Fong also served as a
Regent
A regent (from Latin : ruling, governing) is a person appointed to govern a state '' pro tempore'' (Latin: 'for the time being') because the monarch is a minor, absent, incapacitated or unable to discharge the powers and duties of the monarchy ...
of
Pepperdine University
Pepperdine University () is a private research university affiliated with the Churches of Christ with its main campus in Los Angeles County, California. Pepperdine's main campus consists of 830 acres (340 ha) overlooking the Pacific Ocean and t ...
and a Trustee of
Southwestern University School of Law
Southwestern Law School is a private law school in Mid-Wilshire, Los Angeles. It is accredited by the American Bar Association and enrolls nearly 1,000 students. Its campus includes the Bullocks Wilshire building, an art deco National Register o ...
.
Personal life
Fong lived in
Pasadena, California
Pasadena ( ) is a city in Los Angeles County, California, northeast of downtown Los Angeles. It is the most populous city and the primary cultural center of the San Gabriel Valley. Old Pasadena is the city's original commercial district.
I ...
with his wife, Paula, with whom he had two children: Matthew II and Jade. Fong died of
cancer
Cancer is a group of diseases involving abnormal cell growth with the potential to invade or spread to other parts of the body. These contrast with benign tumors, which do not spread. Possible signs and symptoms include a lump, abnormal b ...
in his Pasadena home on June 1, 2011. He was buried at the
United States Air Force Academy Cemetery
The United States Air Force Academy Cemetery is a cemetery at the United States Air Force Academy in Colorado Springs, Colorado, Colorado Springs, El Paso County, Colorado. It is administered by the 10th Air Base Wing.
History
The U.S. Air Fo ...
in
Colorado Springs, Colorado
Colorado Springs is a home rule municipality in, and the county seat of, El Paso County, Colorado, United States. It is the largest city in El Paso County, with a population of 478,961 at the 2020 United States Census, a 15.02% increase since ...
. He was survived by his late mother and his wife and children.
References
Further reading
* Fong, Matt. "California Crisis a Golden Opportunity for Voters." ''
Sacramento Bee
''The Sacramento Bee'' is a daily newspaper published in Sacramento, California, in the United States. Since its foundation in 1857, ''The Bee'' has become the largest newspaper in Sacramento, the fifth largest newspaper in California, and the 2 ...
'', March 22, 1992.
* Fong, Matt. "Unfair Taxes Are Hurting State Revenue by Killing Jobs," ''Sacramento Bee'', October 4, 1992.
* Lin, Sam Chu. "Matt Fong Scopes Asian Pacific American Economic Opportunities." ''
Asian Week
''AsianWeek'' was America's first and largest English language print and on-line publication serving Asian Americans. The news organization played an important role nationally and in the San Francisco Bay Area as the “Voice of Asian America”. ...
'', February 4, 1994.
External links
Matthew Fong's profile at Sheppard Mullin*
{{DEFAULTSORT:Fong, Matt
1953 births
2011 deaths
California politicians of Chinese descent
California Republicans
Deaths from cancer in California
Deaths from skin cancer
Pension Benefit Guaranty Corporation
People from Alameda, California
People from Pasadena, California
People from Greater Los Angeles
Pepperdine University alumni
Southwestern Law School alumni
State treasurers of California
United States Air Force Academy alumni
Politicians from Oakland, California
United States Air Force colonels
Military personnel from California
Asian conservatism in the United States