Filimoni Waqabaca has been appointed as the new Chief Executive Officer (CEO) of the Fiji Development Bank (FDB), a role he will officially start on January 15, 2025. Waqabaca expressed his excitement about leading the institution, emphasizing his commitment to working closely with staff and the board of directors to achieve the bank’s objectives and enhance the financial wellbeing of the community.
His appointment follows the comprehensive assessment conducted by KPMG, which endorsed him for the crucial leadership position. Waqabaca’s extensive work experience spans over 35 years within various financial institutions, including roles at the Reserve Bank of Fiji, the International Monetary Fund, and the Pacific Islands Forum Secretariat.
Having begun his career in Fiji, with a solid educational background—including a Bachelor of Arts and a Master of Science in International Banking and Financial Studies—Waqabaca has held significant positions in economic and financial development. His professional journey has also taken him to Japan and New Zealand, and he has held advisory positions in various governmental and financial committees, contributing to national development through strategic planning and statistics.
The board is optimistic about Waqabaca’s leadership potential, believing that his wealth of experience and knowledge will steer the Fiji Development Bank towards fulfilling its mission and objectives effectively.
This leadership change comes at a critical time, as the bank continues to focus on fostering economic growth and improving financial services in the region. Filimoni Waqabaca’s vision and dedication could pave the way for innovative initiatives and strategic partnerships that will benefit the wider community.
In summary, Waqabaca’s appointment heralds a promising new chapter for the Fiji Development Bank, as he brings a unique blend of expertise and a fresh perspective to the leadership team, setting the stage for a positive impact on Fiji’s economic landscape.
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