Filimone Waqabaca has officially taken over as the new Chief Executive Officer (CEO) of the Fiji Development Bank (FDB), following an orientation at the bank’s Suva headquarters this week. During the event, FDB Board Chair Damend Gounder underscored the significant role the bank plays in Fiji’s financial landscape and expressed optimism regarding Waqabaca’s potential to implement innovative strategies for future success.

In his inaugural address, Waqabaca articulated a vision to position FDB as a critical player in fostering national development. He emphasized the importance of supporting aspiring entrepreneurs and improving the quality of life within the community. Waqabaca encouraged the FDB team to actively participate in nurturing growth and supporting initiatives that will turn business dreams into reality.

Waqabaca’s appointment follows a rigorous selection process by KPMG, confirming his fit for the role. He 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 credentials comprise 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 hope that Waqabaca’s guidance will enhance financial services and contribute positively to Fiji’s economy, signaling a transformative phase for the institution. His commitment to creating a positive workplace culture aims to make FDB an employer of choice for graduates, ensuring alignment with the bank’s values and mission.

In summary, Waqabaca’s leadership heralds a promising future for the Fiji Development Bank, with strong potential to foster entrepreneurship and bolster economic growth throughout the region. With an inspiring vision and extensive experience, he is well-positioned to lead FDB in fulfilling its mission and improving the livelihoods of the communities it serves.