Filimone Waqabaca has officially been appointed as the new Chief Executive Officer (CEO) of the Fiji Development Bank (FDB), a transition marked by an orientation at the bank’s Suva headquarters this week. The FDB Board Chair, Damend Gounder, acknowledged the bank’s vital role in Fiji’s financial landscape, expressing confidence in Waqabaca’s ability to implement innovative strategies that will drive the institution’s success.

In his inaugural address, Waqabaca articulated his vision of positioning FDB as a pivotal player in the national development landscape, emphasizing the bank’s commitment to support aspiring entrepreneurs and enhance the quality of life within the community. He called on the FDB team to actively participate in initiatives aimed at fostering business growth and turning entrepreneurial dreams into reality.

Waqabaca brings to the role over thirty years of experience in the financial sector, having held significant posts at the Reserve Bank of Fiji and the International Monetary Fund. His academic qualifications, including a Bachelor’s in Management and Economics from the University of the South Pacific and a Master’s in International Banking and Financial Studies from the University of Southampton, equip him well to navigate the challenges and opportunities that lie ahead.

Gounder also expressed gratitude to the bank’s executive team and Acting CEO Titilia Vakaoca Kamil for their leadership during the transition period leading up to Waqabaca’s appointment. The leadership team is optimistic about Waqabaca’s potential to enhance FDB’s financial services and contribute positively to the Fijian economy.

Overall, Waqabaca’s appointment signals a transformative phase for FDB, with expectations that his leadership will foster an environment conducive to entrepreneurship and economic growth across the region. His inspiring vision and extensive experience instill hope for a future where the bank can significantly enhance the livelihoods of the communities it serves.

In summary, Waqabaca’s tenure promises a renewed focus on innovation and community development, heralding a hopeful outlook for the Fiji Development Bank and its role in shaping a prosperous economic landscape for Fiji.