Concept

Fiona Ma

Summary
Fiona Ma (born March 4, 1966) is an American accountant and politician. She has been serving as the California state treasurer since January 7, 2019. She previously served as a member of the California Board of Equalization (2015–2019), the California State Assembly (2006–2012), and the San Francisco Board of Supervisors (2002–2006). A member of the Democratic Party, Ma was the first Asian American woman to serve as California Assembly Speaker Pro Tempore, the second highest-ranking office in the California Assembly. Ma is also only the second Certified Public Accountant (CPA) to be elected to the Board of Equalization. She was selected as Chairperson of the California Board of Equalization in 2016, and ordered three external audits of the agency. In March 2019, Ma announced she would run for the 2026 California gubernatorial election. In March 2023, she announced that she would be running for Lieutenant Governor in 2026 instead. Ma is the oldest of three children born to William and Sophia Ma, both Chinese immigrants. Her grandfather, Lieutenant General zh, was the first mayor of Kunming, Yunnan. Born and raised in New York, she attended Baker Elementary School before graduating from Great Neck North Middle and High Schools. Her father, Dr. William Ma, was a mechanical engineer who later specialized in construction claims and litigation before he retired. Her mother, Sophia (née Doo), was a high school art teacher for 20 years before moving the family to San Francisco to be closer to her parents. Rev William Doo was posted as a minister at the San Francisco Swatow Christian Church in San Francisco's Sunset District. Ma earned a Bachelor of Science degree in accounting from Rochester Institute of Technology, a Master of Science in taxation from Golden Gate University, and a Master of Business Administration from Pepperdine University. She is a CPA and member of the Aspen Institute's 2009 Class of Aspen-Rodel Fellows. In 1993, Ma worked at Ernst & Young, one of the "big six" accounting firms at the time.
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