Filimone Waqabaca has officially been appointed as the new Chief Executive Officer (CEO) of the Fiji Development Bank (FDB), a significant transition for the institution that plays a vital role in Fiji’s financial landscape. The orientation to welcome Waqabaca took place at the bank’s headquarters in Suva this week, where FDB Board Chair Damend Gounder emphasized the bank’s importance in supporting national development and economic growth.

In his inaugural address, Waqabaca articulated his vision for FDB to become a key institution in fostering entrepreneurship and enhancing community quality of life. He encouraged bank staff to engage actively in initiatives that support aspiring business owners and help turn their dreams into reality. Waqabaca’s leadership is expected to create a positive workplace culture, positioning FDB as an attractive employer for recent graduates.

Waqabaca brings over 30 years of extensive experience in the financial sector, having previously held significant roles at the Reserve Bank of Fiji and the International Monetary Fund. His academic credentials 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, equipping him well for the challenges ahead.

The leadership team at FDB has expressed optimism about Waqabaca’s ability to implement innovative strategies that will enhance financial services and support community initiatives aimed at fostering economic growth in Fiji. Acting CEO Titilia Vakaoca Kamil, along with the executive team, was commended for their guidance during the leadership transition prior to Waqabaca’s appointment.

In summary, Waqabaca’s leadership marks a hopeful new chapter for the Fiji Development Bank, with strong potential to positively impact the local economy and support the entrepreneurial aspirations of the Fijian people. His extensive experience and clear vision leave stakeholders optimistic about the future contributions of FDB to the community and national development.