Byna Elliott

Byna Elliott is devoted to caring for communities. Her decades long career in banking centers around reinvesting to improve the economic plight of the vulnerable. As the Head of Advancing Black Pathways for JPMorgan Chase, Elliott’s mission is to strengthen the economic foundation of the Black community and bring shrinkage to the racial wealth divide.

By focusing on targeted investments and programs under the firm’s diversity and inclusion
framework, Elliott leads the Advancing Black Pathways global efforts surrounding Careers &
Skills, Financial Health & Wealth Creation, Business Growth & Entrepreneurship and
Community Development.

Prior to JPMC, Elliott was the chief architect behind the success of Fifth Third Bank’s
landmark five-year $32 billion investment in underserved communities nationwide from 2015
– 2020. As Chief Enterprise Responsibility Officer at Fifth Third, Elliott oversaw the firm’s
corporate social responsibility functions which included environmental sustainability,
philanthropic giving, ethical business practices and economic responsibility.

A native Detroiter, Elliott openly shares of growing up poor while being raised by her single
mother and grandmother. Despite their lack of resources, her grandmother instilled in a
strong sense of community and concern for others. This foundational lesson and example
stuck. Today Elliott intentionally continues her grandmother’s legacy both professionally and
personally. Her hard work is heart-work. She has brought hope and real impact to hurting
communities in measurable ways for more than two decades.

Elliott and husband Tony reside in Michigan with their two children.

ACHIEVEMENTS AND HONORS

  • 2015 Woman of Excellence by the Michigan Chronicle
  • 2016 Women Leadership in Action Award
  • 2016 Federal Home Loan Bank Community Service Award
  • 2017 Fifth Third Bank President’s Circle Award
  • 2017 Career Mastered Award
  • 2017 Leadership Appreciation Award Midnight Golf Program
  • 2017 Fifth Third Bank Summit Award for Community Leadership
  • 2017 Community Reinvestment Act (CRA) Outstanding Rating*
  • 2018 Community Reinvestment Act (CRA) Outstanding Rating*
  • 2018 Fifth Third Bank Summit Award for Community Leadership
  • 2018 Franklin-Wright Settlements, Inc Community Leader Award
  • 2019 Fifth Third Bank Summit Award for Community Leadership
  • 2019 Community Reinvestment Act (CRA) Outstanding Rating*
  • 2019 Savoy Magazine’s Most Influential Women in Corporate America Listing
  • 2019 Louise Guyton Award for Community Service
  • 2020 Eastern Michigan University Distinguished Alumni
  • 2020 Midnight Golf Program Driver Award

*Historically Fifth Third Bank had never received an “Outstanding” rating by the CRA
regulatory board prior to Byna Elliott’s leadership. The highest rating received had been
a “Satisfactory” rating, and immediately prior to that, a rating of “Needs to Improve”.
The two-step upgrade in 2017 was unprecedented and is rarely achieved by a financial
institution.

VOLUNTERISM & COMMUNITY SERVICE

  • Byna volunteers approximately 300 hours annually nationwide
  • 2004 – 2008 Trustee – St. Joseph Mercy Oakland Hospital (Pontiac)
  • 2014 – present board Chairwoman for the Greater Works Foundation (Detroit)
  • 2017 & 2018 Chairwoman – Charles H. Wright African Museum Gala which is the
    museum’s largest fundraiser. She led efforts to raise over $1.3 million in support
    of museum operations. The event exceeded the prior two year’s attendance and
    funds raised by more than $300,000.
  • 2017 – present Vice-Chair for Woodstock Institute (Chicago)
  • 2018 Conference Chair – Association for Enterprise Opportunity (AEO), the trade
    association for Community Development Financial Institutions, having been
    instrumental in persuading them to bring their event to Detroit, Michigan. Under
    her leadership, AEO had its most successful conference in both attendance and
    funds raised. (Washington, DC)
  • 2019 Current unpaid board memberships include – City Connect, Association
    Enterprise Opportunity, State of Michigan Habitat for Humanity, Wayne County
    Development Entity and the Detroit Neighborhood Forum.

IMPACT PROJECTS:

  • Protecting the Planet – Environmental sustainability progress, including the
    completion of the Fifth Third’s first bold goal to protect the planet and complete a
    100 percent renewable energy project.
  • Launched the largest financial institution Opportunity Fund owned by a
    Bank. Created a $100M Opportunity Fund that aligned with standards and best
    practice set forth by the Foundation community led by Kresge, Rockefeller and
    the Ford Foundations to ensure transparency and accountability. The fund
    achieved 100% compliance with community reinvestment qualifications and
    focused on inclusive neighborhood impact.
  • Philanthropy and Volunteerism Outreach – Philanthropy and volunteerism
    outreach, including efforts to provide over one million meals to feed the hungry,
    funding efforts to provide summer camp experiences for at-risk youth, and walks
    to foster good health, as well as $12 million in Fifth Third Foundation grants and
    $7 million in corporate and employee donations to United Way.
  • Tools Families Use to Hurdle Obstacles to Homeownership – Byna and her
    team created a Down Payment Assistance program aimed at reducing barriers to
    achieving the American Dream of homeownership for low income families.
    Assisting over 5,000 individuals and families buy a home.
  • Boosting Homeownership – Having invested $20.3 billion in its first three
    years—the Bank is boosting homeownerships rates in communities of color by
    over 5%
  • Advancing Workforce Development – A workforce development partnership
    with the National Association for the Advancement of Colored People (NAACP)
    and NextJob, a national reemployment company, has provided job search and
    training services to customers at risk of foreclosure and to others looking for their
    next career. Hundreds of individuals have received interview readiness training
    as well as job search assistance.
  • Increasing Capital Access – Investments for increasing access to capital for
    small businesses to start, grow and expand their businesses, have moved the
    needle closer to closing the wealth, credit and capital gap. For example, $3
    million invested in the Detroit Entrepreneurs of Color (EOC) fund, has grown from
    $6.5 million to more than $22 million by December 2018. The same model was
    replicated in Chicago and Cincinnati under Byna’s leadership.