Fiji Development Bank Welcomes New CEO

This week, the Fiji Development Bank (FDB) Board, Management and Staff warmly welcomed their new CEO, Mr. Filimone Waqabaca during an orientation held at the Bank’s Suva headquarters. The event was also attended virtually by representatives from various FDB branches across Fiji.

FDB Board Chair, Mr. Damend Gounder, highlighted the Bank’s significance stating, “The Fiji Development Bank holds a distinguished position in our nation’s financial landscape. To be part of this institution is both a privilege and a responsibility. Over the years, FDB has built a legacy of trust, reliability, and impact. Maintaining and building upon this legacy requires commitment from all of us.”

He further remarked, “As we navigate an increasingly challenging and competitive business environment, we must remain steadfast in our determination. Innovation and adaptability, which are no longer optional—they are essential. The world is changing rapidly, and we must change with it. Our ability to embrace new ideas and implement forward-thinking solutions will define our success in this dynamic era.”

Mr. Gounder also extended his gratitude to the Acting CEO, Ms. Titilia Vakaoca Kamil and the executive team for their leadership over the past six months while the search for a new CEO was underway.

In his first address to the FDB team, Mr. Filimone Waqabaca shared his objective saying, “We want FDB to be the preferred financial institution. We want FDB to be the Employer of choice when someone has graduated from university and is seeking employment. So, we all have to be good role models and ambassadors of the institution… that is the dream, that is the vision.”

He emphasised the Bank’s role in national development highlighting, “We can be the key institution in bringing about the development that this country needs. You can support the dreams of those that want to start a business, those that want to have a better life. We can either support or spark that dream which can cater and contribute positively to our communities. I urge us all, as much as possible, to be facilitative, let us be the catalyst for growth and development in the country.”

Following the formalities, the new CEO continued his orientation session with the FDB Board Directors and the Executive management team.