WASHINGTON – President-elect Donald Trump on Wednesday named Frank Bisignano, head of Wisconsin-based payments and financial technology company Fiserv Inc., to head the Social Security Administration.

“Frank is a business leader with a tremendous track record of transforming large companies,” Trump wrote on his social media platform Wednesday evening. “He will be responsible for fulfilling the agency’s commitment to the American people for generations to come!”

Bisignano is CEO of Fiserv, based in Milwaukee. He is the highest-paid CEO of a publicly traded company in Wisconsin, receiving a compensation package of about $28 million in 2023, according to a Journal Sentinel analysis.

He previously held top positions at JPMorgan Chase & Company and Citigroup.