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Fiji Welcomes New CEO for Development Bank

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Filimone Waqabaca has been appointed as the new chief executive officer of the Fiji Development Bank (FDB), with his tenure set to begin on January 15, 2025. This announcement highlights the bank’s commitment to enhancing its leadership by engaging KPMG for recruitment services for this crucial role.

Waqabaca brings extensive expertise in finance and banking regulation, having previously served as Fiji’s High Commissioner to New Zealand. His academic background includes a Bachelor of Arts in Economics and Management from the University of the South Pacific and a Master of Science in International Banking & Financial Studies from the University of Southampton.

This leadership change at FDB comes at a pivotal time as the bank seeks to leverage Waqabaca’s experience to drive growth and foster financial development in Fiji. His appointments reflect a proactive approach to securing capable leadership that can navigate the evolving financial landscape.

Overall, the conclusion of this news is optimistic, suggesting that under Waqabaca’s experience and guidance, the Fiji Development Bank may well be poised for a new era of success and innovation, which could benefit the country’s economic advancement.


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