Champions of Diversity & Financial Literacy
Making Diversity and Inclusion Business Imperatives
At MasterCard, a culture of diversity and inclusion has become deeply ingrained within our corporate identity. It's a reflection of our long history of social responsibility, as well as early recognition that theses attributes offer powerful business advantages.
We see diversity and inclusion as key to achieving the MasterCard vision of "A World Beyond Cash." If we're to meet the fast evolving payment needs of our customers, consumers, and merchants, we have to be innovative leaders. Diversity of thought is at the heart of innovation, the more varied the life experiences of the people we bring to the table, the better.
Driven by a Sense of Community
Looking back at a 30-year career, Malvina Longoria notes two constant themes that have helped guide both her career and her personal decisions – community and family.
“A sense of community is extremely important to me,” she noted. “While I’ve had different stops throughout my life, the calling of the community and re-establishing my roots has always helped to re-energize and drive me.”
Longoria, general counsel, Strategy & Transformation, immigrated to the United States from Cuba when she was 9-years-old. The family quickly established roots in southern Florida.
“We were close-knit, putting family and the church at the center of our lives,” she noted.
Despite the closeness of this community, it was the pursuit of her dream – and following in the footsteps of her father and grandfather to pursue a career in law – that took Longoria to North Carolina and then New York. After graduation, she became an associate at Cravath, Swaine & Moore LLP, before moving to in-house positions at Chemical Bank and Prudential.
After several years, she was looking for the next challenge and growth opportunity, both personally and professionally. When it was time to start a family, Longoria knew that there was only one destination – Florida.
“Going back to that core community helped me to feel more grounded,” she said. “As a result, I believe I was more energized, more passionate and was able to keep the boat steady both in the office and at home.”
The desire to re-establish herself in Miami uncovered an opportunity to build a regional legal function for MasterCard. Over time she grew the team from one lawyer to 8, all but one of whom was hired by Longoria and continue to work at the company today.
Longoria used the growth of MasterCard throughout the Latin America and Caribbean region to also help grow the team and celebrate local talent. She was the executive sponsor of the company’s Women’s Leadership Network across the region, including the first chapters outside the United States.
“We were able to have an impact on the business through the creation of this network. By leveraging the passion and perspectives of the team, we helped develop and launch products addressing women’s needs, including the Banorte Tarjeta Mujer program in Mexico.”
It’s this same drive and sense of community that Longoria brings to her efforts in spearheading part of the law department transformation today. While she has recently relocated to New York to take on this role, connecting to the community remains a priority. The department is making each of the 418 members responsible for both driving the business and enriching the community, either through thought leadership or pro-bono work.
“We’re drawing on the team’s personal passions to make them stronger contributors to the business, while also being a force for good in the communities where we live,” she said.