FOX Partner Webcast: Challenging Perceptions - How to leverage wealth to give back to our communities - March 25, 2025

Overview

Tuesday, Mar 25, 2025 - 10:00am
Tuesday, Mar 25, 2025 - 11:00am

Please join us on Tuesday March 25, from 10:00 am to 11:00 am CT, for a live interactive webcast with our subject matter expert and FOX Partner, IntraFi. 

IntraFi will lead a thought-provoking discussion with their partners at BNY [Shofiur Razzaque, Michael F. Black], to challenge our perception of how to leverage wealth to give back to our communities. More specifically, their Advancing Communities Together (ACT) ACT Deposit Program.

This unique program, developed in cooperation with the Community Development Bankers Association and National Bankers Association, aims to bolster funding for community lending while offering depositors access to multi-million-dollar FDIC insurance through a single bank relationship. Funds placed with a participating, mission-driven bank will be used to make loans to local businesses and individuals — helping to make underserved communities stronger.

This informative conversation will explore the ACT Deposit Program in-depth, including how ACT can fit into a FO strategy in terms of returns, liquidity, stability/safety.

Please click on the Register button below to sign up for this webcast. A replay of this webcast will be available to members approximately three weeks after airing. 

You may contact the Events Team with any questions at events@familyoffice.com
 

NO CPE OFFERED FOR THIS WEBCAST. 

Region
Location
Virtual
    Speakers

    Diane Ellis IntraFi headshot
    Diane Ellis
    Senior Managing Director; Lead ACT Deposit Program

    Diane Ellis leads the Advancing Communities Together, or ACT, Deposit Program for IntraFi.

    Previously, she was the Director of the Division of Insurance and Research at the Federal Deposit Insurance Corporation (FDIC). She led the FDIC’s efforts to maintain the adequacy of the Deposit Insurance Fund and an effective and fair risk-based premium system, assess economic and financial sector risks to the banking industry, conduct policy-oriented research and analysis for rulemakings, and collect and publish bank financial information and statistics, including the Quarterly Banking Profile.

    She has extensive executive-level experience in deposit insurance pricing and fund management and was elected twice to serve as an Executive Council member for the International Association of Deposit Insurers. Earlier, she was a senior financial analyst and bank examiner with the FDIC.

    Ms. Ellis received her BBA from Texas Christian University, Master of Public Policy from George Mason University, and is a Chartered Financial Analyst.

    Michael F Black_BNY Mellon Wealth Management Headshot
    Michael F. Black
    Director of Investment Strategy, Global Family Office - BNY Wealth Management

    Michael is Director of Investment Strategy for Global Family Office. In this role, he is responsible for creating and helping to execute the long-term strategy for the global family office investment team. Additionally, Michael is responsible for developing investment-focused relationships with BNY Mellon’s largest and most complex single family office clients and prospects in an effort to understand their needs and help them solve their investment problems.   

    Previously, Michael worked at Fidelity Investments from 2014-2023.  He led the investment team responsible for establishing investment-focused relationships with some of the largest ($1B+) and most complex single family offices in the US. Prior to joining Fidelity, Michael was an Investment Consultant at NEPC, LLC where he provided asset allocation, portfolio construction, risk management and manager selection advice to Family Office, University Endowment and Foundation clients.

    Michael earned his Master of Business Administration and Master of Science in Finance from Boston College, and his Bachelor of Arts in Philosophy and Economics, with Distinction, from Boston University. Michael is a CFA charter holder and holds Series 7 and 24 securities licenses with FINRA. 

    Shofiur Razzaque headshot
    Shofiur Razzaque
    Head of Community Banking & Solutions - BNY

    Shofiur is the Head of Community Banking & Solutions. In his role, Shofiur works closely with Community Banks to deliver them tailored financial services, strategic guidance and technology to create a more inclusive financial system across the United States.

    Before joining BNY, Shofiur spent over 15 years at JP Morgan Chase where he had various roles from managing retail bank branches to implementing the Bank’s $30 billion commitment to help close the racial wealth gap. Shofiur holds an MBA from Fordham University. He lives in New Hyde Park, NY with his spouse and two daughters.