Filimone Waqabaca has officially assumed the role of Chief Executive Officer (CEO) of the Fiji Development Bank (FDB), following a welcoming orientation at the bank’s Suva headquarters this week. The appointment marks a significant transition for the institution as it continues to play a critical role in Fiji’s financial landscape.

During the orientation, FDB Board Chair Damend Gounder emphasized the institution’s essential function in supporting national development and expressed confidence in Waqabaca’s ability to implement innovative strategies that will enable the bank to thrive. Gounder highlighted the necessity for FDB to embrace new ideas that could shape its future success.

In his inaugural address, Waqabaca articulated a clear vision for FDB, aiming to position it as a pivotal player in fostering economic growth. He reiterated the importance of supporting aspiring entrepreneurs and enhancing the quality of life within communities by encouraging collaboration among staff and the board.

Waqabaca comes to this role with over three decades of extensive experience in the financial sector, having held key positions at the Reserve Bank of Fiji and the International Monetary Fund. His robust academic background includes 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. This wealth of experience equips him well to lead FDB into a new era of development.

The leadership team at FDB, including Acting CEO Titilia Vakaoca Kamil, received praise from Gounder for their guidance during the transition period leading up to Waqabaca’s appointment. Optimism abounds regarding Waqabaca’s potential to enhance financial services and support community initiatives that will drive entrepreneurship in Fiji.

Waqabaca also aims to foster a positive workplace culture, positioning FDB as an appealing employer for recent graduates, reflecting his commitment to the institution’s values. With a focus on nurturing business growth and turning entrepreneurial dreams into reality, his leadership represents a transformative opportunity for both FDB and the communities it serves.

In summary, Waqabaca’s appointment as CEO of the Fiji Development Bank heralds a hopeful new phase for the institution, reinforcing its commitment to economic growth and community support. His strategic vision and rich experience promise to invigorate FDB’s role in enhancing livelihoods and promoting entrepreneurship across Fiji. The outlook for the future is bright as FDB strives to make impactful contributions to the nation’s economy and the well-being of its people.