Former JPMorgan COO Matt Zames Joins Trump Admin as Social Security Advisor

Matt Zames, former COO of JPMorgan Chase, is joining the Trump administration as an unpaid advisor to the Social Security Administration. He will assist Commissioner Frank Bisignano, his former colleague at JPMorgan, with modernizing the agency's operations.

Zames' background in technology and cost-cutting initiatives at JPMorgan makes him a valuable asset for this role. At JPMorgan, he spearheaded significant projects to improve efficiency and reduce costs.

The appointment is seen as part of the administration's effort to bring private-sector expertise into public institutions. This move could have implications for companies providing IT services to government agencies, although it remains unclear what specific initiatives will be pursued.