Filimone Waqabaca has officially been appointed as the new Chief Executive Officer (CEO) of the Fiji Development Bank (FDB), a significant transition underscored by an orientation at the bank’s headquarters in Suva this week. The Board Chair, Damend Gounder, emphasized the critical role FDB plays in Fiji’s financial landscape, expressing optimism that Waqabaca’s leadership will bring innovative strategies essential for future success.

In his first address to the FDB team, Waqabaca articulated a vision for the bank to act as a key institution in fostering national development. He highlighted the importance of supporting aspiring entrepreneurs and working collaboratively with staff and directors to enhance community well-being. His call to action urged the team to actively engage in initiatives that facilitate business growth, ultimately transforming entrepreneurial dreams into reality.

Waqabaca brings over thirty years of extensive experience in the financial sector, having previously held positions at both the Reserve Bank of Fiji and the International Monetary Fund. His academic qualifications include 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.

Gounder expressed gratitude to the executive team and Acting CEO, Titilia Vakaoca Kamil, for their leadership during the transitional phase leading up to Waqabaca’s appointment. The leadership team is hopeful that Waqabaca’s fresh perspectives will enhance FDB’s financial services and support community initiatives, ultimately contributing to economic growth in Fiji.

The appointment of Waqabaca is seen as a transformative opportunity for the Fiji Development Bank, with the potential to reshape its role in driving entrepreneurship and improving the livelihoods of the communities it serves. His commitment to fostering a positive workplace culture should also make FDB an attractive employer for new graduates. This signals a promising future for both the bank and the broader Fijian economy, as Waqabaca navigates the institution through its next phase of growth and development.

In summary, Waqabaca’s leadership is expected to herald a new chapter for the Fiji Development Bank, marked by innovation, community development, and a focus on supporting aspiring business owners. The future looks hopeful, with strong prospects for economic stability and growth throughout the region.