Filimone Waqabaca has officially taken on the role of Chief Executive Officer (CEO) of the Fiji Development Bank (FDB), marking a significant transition for the institution. This week, an orientation was held at the bank’s headquarters in Suva to welcome him into his new position. FDB Board Chair Damend Gounder stressed the essential role the bank plays in Fiji’s financial landscape and expressed confidence in Waqabaca’s capability to lead the bank with innovative strategies.

In his inaugural address, Waqabaca outlined his vision for FDB to act as a pivotal institution that supports aspiring entrepreneurs and enhances the community’s quality of life. He called on the bank’s staff to actively participate in growth initiatives that turn business dreams into reality.

Waqabaca arrives with over thirty years of extensive experience in the financial sector, having previously served at the Reserve Bank of Fiji and the International Monetary Fund. His academic qualifications include a Bachelor’s degree 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. This rich background positions him well for the challenges and opportunities ahead.

The board expressed gratitude to the executive team and Acting CEO Titilia Vakaoca Kamil for their leadership during the transition preceding Waqabaca’s appointment. The optimism surrounding his leadership stems from expectations that he will enhance financial services and foster entrepreneurship, ultimately contributing positively to Fiji’s economy.

Waqabaca also aims to create a positive workplace culture that makes FDB an attractive employer for recent graduates, reflecting his commitment to the bank’s values. His leadership is seen as a transformative opportunity for FDB, with strong potential to enhance its role in promoting economic stability and growth throughout Fiji.

In summary, the appointment of Filimone Waqabaca as CEO of the Fiji Development Bank is seen as a hopeful development for both the institution and the communities it serves. With his extensive experience and strategic vision, there is a positive outlook for FDB’s capacity to support economic growth and entrepreneurial development in Fiji.