From 2015 until 2019, John Chiang served as California’s 33rd State Treasurer. As the state’s banker, he oversaw trillions of dollars in annual transactions, managed a $75 billion investment portfolio, and was the nation’s largest issuer of municipal bonds.
Prior to being elected Treasurer, Chiang served as State Controller from 2007 through 2014. During the Great Recession, he took steps to preserve cash to meet obligations to education and bond holders. His cash management decisions —which included delaying payments and issuing IOUs — were instrumental in keeping the state’s credit rating from plunging into junk status, and his actions saved taxpayers millions of dollars. Additionally, Chiang aggressively used his audit programs to identify more than $9.5 billion of fraud, waste and abuse in government programs, the most by any Controller in California’s history.
In 1998, he was elected to California's Board of Equalization and served two terms, including three years as chair.
Chiang graduated with honors from the University of South Florida with a degree in finance and received his law degree from the Georgetown University Law Center.