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Within three months, Matthews was installed as Merrill Lynch's first head of global diversity. She oversaw corporate-wide diversity initiatives. The new position gave her power to effect change at the firm. One policy she took particular pride in was diversity reporting. "We've created diversity scorecards that keep track of the work force three times a year for every business group around the world," she told Cracking the Corporate Code. "When they have to turn in these qualitative and quantitative reports, you start seeing a difference."
In 2000 Matthews moved to Merrill Lynch Bank where she became senior vice president of community development. Her role was to oversee the bank's charitable and community relations efforts. The following year she became first vice president of community leadership for the firm's global private client group. She held that position until 2003 when was promoted to first vice president of community leadership for the firm's global human resources. In that position Matthews was responsible for developing strategic alliances to support new business development and community relations throughout the corporation.
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