Trump admin taps former JPMorgan Chase exec Matt Zames to advise Social Security agency
Matt Zames is taking an unpaid position to help his former JPMorgan colleague Frank Bisignano tackle modernization of the SSA, CNBC has learned.
AI Summary
Matt Zames, a former executive at JPMorgan Chase, has been appointed as an unpaid advisor to the Social Security Administration (SSA) to assist Commissioner Frank Bisignano with modernization efforts. Zames, who previously served as chief operating officer at JPMorgan and has a background in technology and cost-cutting projects, will address the SSA's aging technology systems and the impending exhaustion of its retirement trust fund. He is allowed to serve in this capacity for 130 days, potentially spread across a longer timeline due to part-time work.