Trump Taps Former JPMorgan Executive for Social Security Modernization Role

The Trump administration has appointed former JPMorgan Chase executive Matt Zames to an unpaid advisory role at the Social Security Administration (SSA) in support of its modernization efforts. Zames will work alongside SSA Commissioner Frank Bisignano, his former colleague from their time at JPMorgan Chase.

Bisignano previously served as CEO of Fiserv and held top roles at JPMorgan, and he has made updating the agency's technology infrastructure a priority since taking the helm. Zames brings over two decades of experience in financial services to the role, including operational and technology expertise that will likely be valuable in guiding the SSA's modernization initiatives.

The appointment reflects the administration's broader push to bring private-sector leadership experience into federal agencies. The unpaid nature of the role suggests that the administration is drawing on private-sector expertise without expanding the federal payroll, a theme consistent with broader government efficiency initiatives.