Filimoni Waqabaca has been appointed as the new Chief Executive Officer (CEO) of the Fiji Development Bank (FDB), effective January 15, 2025. Waqabaca expressed his excitement about leading the bank and is committed to working with staff and the board of directors to achieve the bank’s strategic goals, improving financial and general well-being in the region.
His selection follows a thorough search process conducted by KPMG, which confirmed his qualifications for the role. The board is hopeful that Waqabaca’s leadership will steer the bank towards fulfilling its mission effectively.
Waqabaca brings a wealth of experience to his new position, having previously served in various roles within the financial sector in Fiji, the Pacific, and globally. His career began in Fiji, later expanding as he took on significant responsibilities internationally, including with the International Monetary Fund (IMF).
With a strong educational background, including 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, Waqabaca is well-prepared for this leadership challenge. His extensive experience spans over three decades, involving key roles at the Reserve Bank of Fiji and various financial institutions.
The leadership team at FDB is optimistic about Waqabaca’s capacity to guide the bank towards achieving its objectives, believing his expertise will be invaluable in enhancing financial services and contributing positively to the Fijian economy.
This transition not only promises a fresh perspective for the Fiji Development Bank but also hopes to strengthen its impact in the communities it serves. With Waqabaca at the helm, there is optimism for innovative approaches in fostering financial growth and stability in Fiji.
In summary, Filimoni Waqabaca’s appointment is a significant development for the Fiji Development Bank as it seeks to enhance its role in the region’s economic progress. His broad skill set and previous experience suggest that he will be an effective leader committed to advancing the bank’s goals.
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