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.
TL;DR
- Matt Zames, a former JPMorgan executive, will serve as an advisor to the Social Security agency.
- The position is unpaid and aimed at modernizing the agency.
- Zames previously held roles at JPMorgan, including Chief Operating Officer, and later at private equity firm Cerberus.
- He has experience with technology and cost-cutting projects, and advisory roles with Treasury and Federal Reserve groups.
- The SSA faces challenges with outdated technology systems and projected exhaustion of its retirement trust fund.