Filimoni Waqabaca has been appointed as the new Chief Executive Officer (CEO) of the Fiji Development Bank (FDB), with his tenure beginning on January 15, 2025. Waqabaca expressed his excitement about leading the organization and emphasized the importance of working closely with employees and the board of directors to achieve the bank’s goals, with a focus on enhancing financial well-being and livelihoods across Fiji.
His selection comes after KPMG conducted an extensive search for a suitable candidate. The board is optimistic about Waqabaca’s leadership and is eager to support him in his new role.
Waqabaca brings a wealth of experience in the financial sector, having started his career in Fiji and extended his service across the Pacific region. He has held several notable positions, including roles at the Reserve Bank of Fiji, the Pacific Islands Forum Secretariat, and the International Monetary Fund. He also served as a senior economist and adviser at the Fiji Ministry of Finance.
His academic background includes a Bachelor of Arts degree from the University of the South Pacific and a Master of Science in International Banking & Financial Studies from the University of Southampton. Waqabaca has played an instrumental role in various financial and economic initiatives throughout his 35-year career.
The board is confident that under Waqabaca’s leadership, FDB will advance its objectives and contribute positively to the financial landscape of Fiji.
In summary, Filimoni Waqabaca’s upcoming role as CEO of the FDB is seen as a promising development for the bank and its future initiatives. His extensive experience and commitment to economic progress signal a hopeful path ahead for both the institution and the broader Fijian community.
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