• Kathleen L. Brown

    Government and Regulatory
    Financial Services & Banking
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    Los Angeles
    Direct: 310.312.4142
    General: 310.312.4000
    Fax: 310.312.4224


    Fordham University Law School,
    J.D., 1985


    Stanford University,
    B.A., History, 1969

    Bar Admissions
    New York (inactive)
    • Profile
    • Representative Matters
    • Honors & Awards
    • Publications
    • Memberships & Activities
    • Speaking Engagements


    Kathleen Brown’s practice focuses on business counseling, government and regulatory affairs, particularly as they relate to the healthcare, energy, real estate and financial services industries. Ms. Brown brings to her practice a background that includes 18 years as a senior executive in the banking and financial services industry and 16 years of public-sector experience, including a term as California’s state treasurer.

    Ms. Brown joined Manatt after more than 12 years at Goldman Sachs, Inc., a global investment banking and securities firm, where she served as chairman of Midwest Investment Banking and, prior to that, as managing director and head of the firm’s Western Region Public-Sector and Infrastructure Group. Ms. Brown also held various senior positions with Bank of America, including president of the private bank.

    During her tenure with Goldman Sachs, she worked closely with healthcare institutions in California and the Midwest in both an investment banking and strategic advisory capacity, with a particular focus on helping firms navigate the challenges and leverage the opportunities presented by healthcare reform. She also worked with energy clients and participated in over $4.2 billion of water and power bond financings, working extensively with municipal utilities in California, including on projects to meet California’s renewable energy standards.

    Ms. Brown’s experience in the government arena includes serving a term as California state treasurer, where she managed a $25 billion bond portfolio, oversaw a $32 billion cash management fund and served as a trustee on the boards of CALPERS and CALSTRS, two of the largest pension funds in the nation. During that time she was co-chair of the Council of Institutional Investors. She was the Democratic Party nominee for Governor of California in 1994, the co-chair of the Presidential Commission on Capital Budgeting, a commissioner of the Los Angeles Board of Public Works, and a two-term member of the Los Angeles Board of Education.

    Before beginning her campaign for treasurer, Ms. Brown was an attorney in the New York and Los Angeles offices of a global law firm, where she was a member of the Capital Markets Group specializing in public and corporate finance.


    Representative Matters

    Honors & Awards

    Most Valuable State Official, City And State, 1993

    “Breaking The Glass Ceiling Award,” Women Executives in State Government, 1994

    “Lifetime Achievement Award,” Women in Public Finance, 2009

    “Women To Watch In 2011,” Crain's Chicago



    Co-author, “Are Regulatory Delays Exacerbating Drought Conditions?” Environmental Leader, October 21, 2015.

    Memberships & Activities

    Admitted to practice in California and New York (inactive).

    Director, Sempra Energy.

    Director, National Park Foundation.

    Member, Annenberg Foundation – Investment Committee.

    Founding Director, The California Women’s Foundation.

    Member, Los Angeles 2024 Olympic Bid Committee.

    Member, Board of Directors, California State Chamber of Commerce.

    Member, Council on Foreign Relations.

    Member, The Trusteeship.

    Board Member, Stanford Center on Longevity.

    Former Director, Forestar Group Inc.

    Former Board Member, The California Endowment.

    Former Board Member, Children’s Hospital of Los Angeles.

    Speaking Engagements

    Moderator, “Financing Resilient Infrastructure,” 2014 VerdeXchange Green Marketmakers Conference & Expo, January 27, 2014.

    Moderator, “The Promise of an Interstate, Multi-Modal Regional Network—The High Desert Corridor,” 2014 VerdeXchange Green Marketmakers Conference & Expo, January 27, 2014.

    Panelist, "Effective Government Responsive Leadership," The Milken Institute Summit, November 21, 2013.