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Frank Bisignano, Fiserv CEO, chosen by Trump to lead Social Security


President-elect Donald Trump has nominated financial services CEO Frank Bisignano to serve as commissioner of the Social Security Administration. Bisignano currently leads Fiserv, a major financial software company, and has executive experience at JP Morgan Chase and Citigroup. If confirmed by the Senate, Bisignano will face the challenge of protecting the future of the Social Security program, which may face depletion by 2035 according to a government report. Trump promised not to cut Social Security benefits during his campaign, but did not offer a specific plan for ensuring the program’s solvency. Bisignano’s track record of transforming large corporations was highlighted in the announcement of his nomination. In 2019, he helped orchestrate a $22 billion merger between Fiserv and First Data. The appointment of Bisignano will be responsible for delivering on the Social Security Administration’s commitment to the American people for generations to come.

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