LOS ANGELES (AP) - Former U.S. Treasury official Neel Kashkari has secured a second-place finish in California's top-two primary for governor and will face Democratic Gov. Jerry Brown in November.

The socially moderate former Goldman Sachs investment banker from Orange County is making his first run for public office. He is best known for leading the federal government's recession-era bank bailout.

Preliminary returns showed him advancing early Wednesday.

His chief Republican rival, state Assemblyman Tim Donnelly, said he had conceded the race. The ardent gun-rights supporter and former Minuteman border patrol from San Bernardino County appealed to conservatives but struggled to raise funds.

Brown easily took the top spot Tuesday.

It is the first statewide election under California's new primary system, in which the top two vote-getters advance regardless of party affiliation.

California Gov. Jerry Brown took the top spot in his primary election race. Video from June 3, 2014.

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