LOS ANGELES -- California Treasurer-elect Matt Fong said last week that former Goldman, Sachs & Co. executive Bill Donovan is assisting him with transition planning, and added that nine appointees of outgoing Treasurer Kathleen Brown will probably be replaced.

"As to who is going to be my senior staff, or who are my senior advisers, I haven't figured that one out yet," Fong, a Republican, said in an interview Thursday, two days after he defeated Democratic challenger Phil Angelides, 48% to 43%.

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