Filimone Waqabaca has officially been appointed as the new Chief Executive Officer (CEO) of the Fiji Development Bank (FDB), taking over the leadership role this week. During an orientation at the bank’s Suva headquarters, the Board Chair, Damend Gounder, highlighted the importance of FDB in Fiji’s financial sector and praised Waqabaca’s potential to bring innovative strategies for future success.

In his inaugural address, Waqabaca expressed his commitment to making FDB a key player in the development of Fiji, emphasizing his vision of supporting aspiring entrepreneurs and improving the quality of life for individuals in the community. He encouraged the bank’s team to actively facilitate growth and support initiatives that will help turn business dreams into reality.

Waqabaca’s appointment follows a rigorous selection process conducted by KPMG, confirming his extensive qualifications for the role. With a career spanning over three decades in various financial institutions, including significant positions at the Reserve Bank of Fiji and the International Monetary Fund, Waqabaca is well-equipped to lead the bank towards its strategic goals. 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.

During his tenure, Waqabaca aims to position FDB as an employer of choice for recent graduates, fostering a positive workplace culture that aligns with the bank’s values and mission. His leadership promises to infuse fresh perspectives and innovative initiatives that could significantly contribute to economic growth and stability in Fiji, thus creating a hopeful outlook for the communities FDB serves.

In summary, Waqabaca’s leadership at the Fiji Development Bank signals a transformative phase for the institution, with strong potential for enhancing financial services and promoting entrepreneurship throughout the region. His experiences and ambitions reflect an encouraging vision for the future of Fiji’s economic landscape.