Filimone Waqabaca has officially taken on the role of Chief Executive Officer (CEO) of the Fiji Development Bank (FDB), following a recent orientation held at the bank’s headquarters in Suva. This transition marks a pivotal moment for the institution within Fiji’s financial landscape. FDB Board Chair Damend Gounder emphasized the bank’s importance and expressed optimism regarding Waqabaca’s potential to lead with innovative strategies that promote future success.

In his inaugural address, Waqabaca shared a compelling vision for FDB to become a cornerstone in supporting national development, focusing on aiding aspiring entrepreneurs and enhancing community well-being. He urged the staff to engage actively in initiatives that facilitate business growth and transform entrepreneurial dreams into reality. Waqabaca’s commitment to fostering a positive workplace culture aims to position FDB as an attractive employer, especially for recent graduates.

Waqabaca arrives with 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 solid academic background features 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. This rich professional and academic portfolio equips him well for the challenges and opportunities ahead.

The board expressed gratitude for the leadership provided by the executive team and Acting CEO Titilia Vakaoca Kamil during the transitional period of Waqabaca’s appointment. With a hopeful outlook, there are strong expectations that his leadership will drive innovation, enhance financial services, and contribute positively to Fiji’s economy.

In summary, Waqabaca’s tenure at the Fiji Development Bank is viewed as a promising development for both the institution and the communities it serves. His strategic vision and extensive experience position him to support economic growth and foster entrepreneurial initiatives, paving the way for a brighter future for Fiji’s financial landscape and its people. Waqabaca’s leadership offers an inspiring opportunity to nurture dreams and enhance the quality of life throughout the region.