Filimone Waqabaca has officially taken on the role of Chief Executive Officer (CEO) of the Fiji Development Bank (FDB), following an orientation at the bank’s headquarters in Suva. His appointment comes at a critical time for Fiji’s financial landscape, and Board Chair Damend Gounder highlighted the significance of FDB in driving national development and economic growth.

In his inaugural address, Waqabaca articulated a vision for FDB to emerge as a key institution in supporting entrepreneurs and enhancing the quality of life within the community. He encouraged the bank’s staff to actively participate in initiatives that encourage business development and foster a supportive environment for aspiring business owners.

Waqabaca brings over thirty years of extensive experience in the financial sector, including notable positions at the Reserve Bank of Fiji and the International Monetary Fund. His academic background includes a Bachelor’s degree in Management and Economics from the University of the South Pacific, as well as a Master’s in International Banking and Financial Studies from the University of Southampton. This rich experience positions him well to steer FDB through its next phase of growth.

Gounder expressed gratitude to the executive team and Acting CEO Titilia Vakaoca Kamil for their leadership during the six-month transition period prior to Waqabaca’s appointment, underscoring the bank’s commitment to innovation and forward-thinking strategies.

The leadership team at FDB holds optimistic views regarding Waqabaca’s ability to enhance financial services, support community initiatives, and foster entrepreneurship in Fiji. Waqabaca’s commitment to creating a positive workplace culture signals a new era for the institution, aiming to make FDB an employer of choice for recent graduates.

Overall, Waqabaca’s leadership is seen as a promising development for the Fiji Development Bank, with strong potential to reshape its role in promoting economic stability and growth throughout the region. With an inspiring vision and extensive experience, he is well-positioned to lead FDB in fulfilling its mission to support the livelihoods of the communities it serves.