Filimone Waqabaca has officially been appointed as the new Chief Executive Officer (CEO) of the Fiji Development Bank (FDB). The transition was marked by an orientation event held this week at the bank’s headquarters in Suva. FDB Board Chair, Damend Gounder, highlighted the critical role the institution plays in Fiji’s financial landscape and expressed confidence in Waqabaca’s ability to lead with innovative strategies that ensure future success.

In his inaugural address, Waqabaca articulated a visionary plan for FDB to be a key driver of national development. He emphasized the importance of supporting aspiring entrepreneurs and enhancing the overall quality of life within communities. Waqabaca urged the FDB team to actively engage in initiatives that foster growth and assist others in realizing their business ambitions.

With over 30 years of extensive experience in the financial sector, Waqabaca brings a wealth of knowledge to his new role. He has held significant positions at the Reserve Bank of Fiji and the International Monetary Fund and possesses solid academic credentials, 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.

Gounder also took the opportunity to thank the executive team and Acting CEO Titilia Vakaoca Kamil for their leadership during the interim period prior to Waqabaca’s appointment. The outlook regarding his leadership is optimistic as stakeholders anticipate that Waqabaca will enhance financial services and contribute positively to the Fijian economy through his forward-thinking approach.

This leadership transition is filled with promise as Waqabaca’s vision and extensive experience are expected to significantly reshape FDB’s role in supporting entrepreneurship and fostering economic growth in Fiji. His commitment to creating a positive workplace culture also strives to position FDB as an attractive employer for recent graduates, thereby aligning with the bank’s values and mission.

In summary, Waqabaca’s recent appointment marks a hopeful and transformative phase for the Fiji Development Bank, with great potential to enhance its contributions to the local economy and uplift the communities it serves. With his strong vision and strategic outlook, the future looks bright for FDB under his leadership.