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 headquarters in Suva this week. Board Chair Damend Gounder emphasized FDB’s vital position in Fiji’s financial landscape and expressed confidence that Waqabaca’s leadership would usher in innovative strategies essential for future success.

In his inaugural address, Waqabaca articulated a vision for FDB as a key institution driving national development. He underscored the importance of supporting aspiring entrepreneurs and enhancing the quality of life within communities. Waqabaca called upon the FDB team to engage actively in initiatives that promote growth and help realize the entrepreneurial dreams of individuals.

Waqabaca brings over 30 years of extensive experience in the financial sector, including prominent roles at the Reserve Bank of Fiji and the International Monetary Fund. 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, which positions him well for the challenges ahead.

Gounder also expressed gratitude to the executive team and Acting CEO Titilia Vakaoca Kamil for their leadership during the transition prior to Waqabaca’s appointment. The board and team at FDB are optimistic about Waqabaca’s potential to enhance financial services, boost community initiatives, and create a positive workplace culture that makes FDB an appealing employer for recent graduates.

Overall, Waqabaca’s leadership heralds a transformative phase for the Fiji Development Bank, with strong prospects for fostering entrepreneurship and contributing positively to Fiji’s economic landscape. His experience and strategic vision instill hope for a future where FDB can play a significant role in improving community livelihoods and promoting economic growth in the region.