Trump picks Fiserv CEO Frank Bisignano to head Social Security

WASHINGTON — President-elect Donald Trump said he is nominating financial services CEO Frank Bisignano to be commissioner of the Social Security Administration.

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

Bisignano currently leads financial services and payments giant Fiserv, one of the largest financial software companies in the country.

More:Is it possible to retire comfortably on Social Security alone? We asked seniors.

He previously held leadership positions at major banks including JP Morgan Chase and Citigroup.

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If Bisignano is confirmed by the Senate to lead the Social Security Administration, he will face the daunting task of protecting the program’s future. The Social Security trust fund could be depleted by 2035, according to a government report.

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Trump picks Fiserv CEO Frank Bisignano to head Social Security

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