Filimone Waqabaca has been officially appointed as the new Chief Executive Officer (CEO) of the Fiji Development Bank (FDB), a move that signifies an important transition for the institution. This week, an orientation was held at the bank’s headquarters in Suva to welcome him to his role. FDB Board Chair, Damend Gounder, emphasized the crucial function that FDB plays in Fiji’s financial landscape and expressed confidence in Waqabaca’s ability to incorporate innovative strategies that will drive the bank’s future success.

In his inaugural address, Waqabaca outlined a vision for FDB to become a key institution in fostering national development. He called on bank staff to actively participate in promoting entrepreneurship and improving the quality of life for individuals in the community. By supporting aspiring business owners, he hopes to turn entrepreneurial dreams into reality, thus enhancing the overall economic landscape of Fiji.

With over thirty years of extensive expertise in the financial sector—including roles at the Reserve Bank of Fiji and the International Monetary Fund—Waqabaca is well-prepared to lead FDB into 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, highlighting his solid academic foundation.

The leadership team at FDB, along with Gounder, acknowledged the impressive leadership provided by the executive team and Acting CEO Titilia Vakaoca Kamil during the transition period leading up to Waqabaca’s appointment. There is widespread optimism about Waqabaca’s potential to enhance FDB’s services and contribute positively to Fiji’s economy.

Waqabaca aims not only to foster a positive workplace culture—making FDB the employer of choice for recent graduates—but also to create an environment conducive to innovation and community development. His leadership represents a transformative opportunity to strengthen the bank’s role in advancing economic stability and growth throughout Fiji.

In summary, Filimone Waqabaca’s appointment as CEO of the Fiji Development Bank presents a hopeful outlook for both the institution and the broader community it serves. His strategic vision and wealth of experience set the stage for a new era of growth and development, reinforcing the bank’s commitment to supporting the dreams and well-being of the people in Fiji.