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FrontRow · Aug 23, 2026

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Former JPMorgan Chase executive Matt Zames will join the Trump administration as an advisor to the Social Security agency, CNBC has learned. Zames is taking an unpaid position to help his former JPMorgan colleague Frank Bisignano, who became Social Security commissioner last year, tackle modernization of the agency, said people with knowledge of the move, who asked not to be named because they weren’t authorized to discuss it publicly. He starts Monday at Social Security Administration headquarters in Baltimore, Maryland, where an office placard bearing his name has already been installed, one of the people said. Zames, a former hedge-fund trader who rose to prominence at JPMorgan after helping clean up the bank’s $6 billion “London Whale” mess, was its chief operating officer for about five years. He spearheaded technology and cost-cutting projects at the lender and was seen as a top contender to succeed CEO Jamie Dimon until his departure in 2017.

Former JPMorgan Chase executive Matt Zames will join the Trump administration as an advisor to the Social Security agency, CNBC has learned. Zames is taking an unpaid position to help his former JPMorgan colleague Frank Bisignano, who became Social Security commissioner last year, tackle modernization of the agency, said people with knowledge of the move, who asked not to be named because they weren’t authorized to discuss it publicly. He starts Monday at Social Security Administration headquarters in Baltimore, Maryland, where an office placard bearing his name has already been installed, one of the people said. Zames, a former hedge-fund trader who rose to prominence at JPMorgan after helping clean up the bank’s $6 billion “London Whale” mess, was its chief operating officer for about five years. He spearheaded technology and cost-cutting projects at the lender and was seen as a top contender to succeed CEO Jamie Dimon until his departure in 2017.

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