Filimone Waqabaca has officially taken on the role of Chief Executive Officer (CEO) of the Fiji Development Bank (FDB), following a welcoming orientation held this week at the bank’s headquarters in Suva. His appointment signifies an important transition for the institution, which plays a vital role in Fiji’s financial landscape.

During the orientation, FDB Board Chair Damend Gounder reiterated the bank’s critical function in driving national development and expressed optimism about Waqabaca’s ability to implement innovative strategies leading to future success. Gounder also acknowledged the leadership provided by Acting CEO Titilia Vakaoca Kamil and the executive team during the transition period leading up to Waqabaca’s appointment.

In his inaugural address, Waqabaca outlined a vision for FDB as a key institution dedicated to supporting aspiring entrepreneurs and enhancing the quality of life within communities. He encouraged the bank’s staff to actively engage in initiatives that support business development and help individuals achieve their entrepreneurial aspirations. His intentions include fostering a collaborative workplace culture to ensure the bank becomes the employer of choice for recent graduates.

Waqabaca brings over thirty years of extensive experience in the financial sector, including significant roles at the Reserve Bank of Fiji and the International Monetary Fund. His academic credentials comprise 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.

The leadership team at FDB is hopeful that Waqabaca’s guidance will lead to enhancements in financial services and support community initiatives that are crucial for fostering entrepreneurship and economic growth across Fiji. His dedication to creating a positive workplace atmosphere is expected to yield a transformative phase for the Fiji Development Bank.

In summary, Waqabaca’s appointment as CEO marks a hopeful and transformative opportunity for the Fiji Development Bank. With his extensive experience and visionary approach, there is a strong expectation that he will drive the bank’s contributions to economic development and support the dreams and aspirations of the communities it serves. The outlook is promising as FDB continues to aim high in fulfilling its mission for national progress and improving livelihoods.