Filimone Waqabaca has been officially appointed as the new Chief Executive Officer (CEO) of the Fiji Development Bank (FDB) following an orientation held at the bank’s headquarters in Suva. The transition comes at a pivotal time for the institution, which plays a critical role in Fiji’s financial landscape.
During the orientation, Damend Gounder, the FDB Board Chair, underscored the importance of the bank in driving national development and expressed optimism regarding Waqabaca’s ability to implement innovative strategies that will steer FDB towards future success. He also expressed appreciation for the leadership provided by Acting CEO Titilia Vakaoca Kamil and the executive team during the transitional period.
In his inaugural address, Waqabaca shared his vision for FDB to become a key institution in fostering entrepreneurship and enhancing the quality of life for individuals within the community. He calls on staff to actively contribute to initiatives that support aspiring business owners and help realize their dreams. Waqabaca is determined to establish a positive workplace culture aimed at positioning FDB as an employer of choice for recent graduates, reflecting his commitment to the bank’s values.
Bringing over thirty years of extensive experience from notable positions at the Reserve Bank of Fiji and the International Monetary Fund, Waqabaca is well-prepared to lead FDB in its next growth phase. He holds 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 and stakeholders are hopeful that Waqabaca’s leadership will enhance financial services and contribute positively to Fiji’s economy, signaling a transformative phase for the institution. His strategic vision and commitment to supporting the entrepreneurial spirit could significantly impact economic stability and growth in Fiji.
In summary, Waqabaca’s appointment as CEO of the Fiji Development Bank is viewed as a hopeful development for both the institution and the wider community it serves. His extensive experience and forward-thinking approach set a promising tone for FDB’s role in supporting economic growth and improving livelihoods across Fiji.
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