Filimone Waqabaca has officially stepped into the role of Chief Executive Officer (CEO) of the Fiji Development Bank (FDB), marking a significant transition for the institution during an orientation event held at its Suva headquarters this week. Board Chair Damend Gounder underscored the vital role that FDB plays in Fiji’s financial landscape, expressing confidence that Waqabaca will bring innovative strategies essential for the bank’s future success.
In his inaugural address, Waqabaca articulated a vision for FDB to serve as a key institution for national development. He emphasized the importance of supporting aspiring entrepreneurs and enhancing the overall quality of life within the community. Waqabaca encouraged the FDB team to engage actively in initiatives that foster business growth and effectively realize the dreams of entrepreneurs.
Waqabaca brings over 30 years of extensive experience in the financial sector, having previously held key positions at the Reserve Bank of Fiji and the International Monetary Fund. His academic background includes 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.
The transition also received recognition, as Gounder thanked the executive team and Acting CEO Titilia Vakaoca Kamil for their leadership during the six-month interim period. There is an optimistic outlook regarding Waqabaca’s potential to enhance FDB’s services and positively impact Fiji’s economy through his fresh perspectives and commitment to innovation.
Waqabaca is also focused on creating a positive workplace culture, positioning FDB as an attractive employer for recent graduates, which aligns with the bank’s values and mission. This leadership change is viewed as a transformative opportunity for the institution, with strong potential to bolster entrepreneurship and support economic growth across Fiji.
In summary, Waqabaca’s leadership heralds a hopeful and transformative future for the Fiji Development Bank. His wealth of experience and strategic vision set the stage for enhancing FDB’s contributions to local communities and the broader financial landscape in Fiji. This ultimately reflects a commitment to not only economic stability but also to uplifting the lives of the people the bank serves.
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