Filimone Waqabaca has been appointed the chief executive officer of the Fiji Development Bank (FDB), with his term set to begin on January 15, 2025. The announcement noted that KPMG was selected to assist in the recruitment process for this important role.
Waqabaca comes to the position with extensive experience in finance and banking regulation within Fiji. His background includes previously serving as Fiji’s High Commissioner to New Zealand. He holds a Bachelor of Arts in Economics and Management from the University of the South Pacific, obtained in 1989, as well as a Master of Science in International Banking and Financial Studies from the University of Southampton in the United Kingdom, earned in 1997.
This leadership change at FDB signifies a strategic move towards enhancing the bank’s capabilities, leveraging Waqabaca’s substantial expertise in the financial sector. His academic credentials and professional experience suggest that he is well-equipped to guide the bank in its future endeavors.
Overall, Waqabaca’s appointment can be seen as a positive development for the Fiji Development Bank, promising a period of growth and innovation under his experienced leadership. It reflects FDB’s commitment to fostering strong management teams, which is vital for the advancement of the financial sector in Fiji.
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