Filimone Waqabaca, the Fijian ambassador to Japan, has been named the new chief executive officer of the Fiji Development Bank (FDB), a role he will officially take on starting January 15, 2025.
The FDB has announced that it sought the recruitment expertise of KPMG to fill this vital leadership position. In their statement, the bank expressed confidence in Mr. Waqabaca’s extensive experience and knowledge, which he acquired through a distinguished career in finance and banking regulatory sectors in Fiji.
Waqabaca’s background further includes a tenure as Fiji’s High Commissioner to New Zealand. He possesses a Bachelor of Arts degree 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 UK, completed in 1997.
This appointment represents an exciting new chapter for the Fiji Development Bank, as Waqabaca’s expertise is expected to foster growth and innovation within the organization, positively impacting local communities and the nation’s economy as a whole.
In summary, the Fiji Development Bank is poised for a bright future with Filimone Waqabaca at the helm, bringing his significant experience in banking and finance that could lead to strengthened financial services in Fiji.
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