Filimone Waqabaca has officially been appointed as the new Chief Executive Officer of the Fiji Development Bank (FDB), with his tenure commencing after an orientation at the bank’s headquarters in Suva this week. His appointment marks a significant transition for the institution, which plays an essential role in Fiji’s financial landscape.

During the orientation, Board Chair Damend Gounder highlighted the critical importance of the bank in driving national development and expressed confidence in Waqabaca’s capabilities to implement innovative strategies that will contribute to FDB’s future success. He also acknowledged the leadership of the executive team and Acting CEO Titilia Vakaoca Kamil during the transitional period leading up to Waqabaca’s appointment.

In his inaugural address, Waqabaca articulated his vision for FDB as a pivotal institution dedicated to supporting aspiring entrepreneurs and enhancing the overall quality of life within the community. He emphasized the importance of collaboration among staff and board members, urging the team to engage actively in initiatives that nurture business growth and realize entrepreneurial dreams.

Waqabaca brings with him over thirty years of extensive experience in the financial sector, having held significant positions at the Reserve Bank of Fiji and the International Monetary Fund. His robust academic qualifications include 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.

The leadership team at FDB expresses optimism that Waqabaca’s guidance will lead to enhanced financial services and support community initiatives, which are crucial for fostering entrepreneurship and economic growth across Fiji. His commitment to creating a positive workplace culture also aims to position FDB as an attractive employer for recent graduates.

In summary, Waqabaca’s appointment as CEO of the Fiji Development Bank represents a hopeful and transformative phase for the institution, with strong potential to bolster entrepreneurship and contribute significantly to Fiji’s economic development. His wealth of experience and visionary approach instill confidence in the future role of FDB in improving the livelihoods of the communities it serves.