As part of its strategic plan to evolve and develop its Caribbean structure, Mastercard announced changes that will strengthen its presence on the islands, including expanding their offices in the Dominican Republic and opening new offices in Puerto Rico and Jamaica.
This growth will promote
greater agility and efficiency when providing service to clients and business
partners, the company stated.
The Caribbean, part of the
Latin America Central Division until now together with markets such as
Colombia, Peru, Ecuador, Bolivia, and Venezuela, will become a new independent
This decision provides greater
relevance to the Caribbean region within the company’s development plans aimed
at doubling operations and earnings in the region, while giving the Caribbean
business team greater decision-making power locally in areas like market
investment and operation expansion, executives said.
The formal announcement was
made by Marcelo Tangioni, as president of the new Caribbean Division reporting
directly to the company’s President for Latin America, Carlo Enrico.
“This is the next step within
the division’s five-year strategy, which was launched last September with the
inauguration of our own offices in the Dominican Republic. In upcoming years,
we expect to continue expanding consistently our Caribbean presence,” Tangioni
The expansion begins with new
offices in Puerto Rico and Jamaica to be established during the first half of
Mastercard also announced that
the office in Dominican Republic will be headed by Gabriel Pascual, who for
five years has held regional positions within the company. He will now be based
in Santo Domingo, and the full Dominican team will report to him.