Statement by Fiji Development Bank (FDB) Board

 

FIJI DEVELOPMENT BANK

Statement by Fiji Development Bank (FDB) Board

The FDB Board wishes to respond to the statement by SODELPA Member of Parliament, Honourable Aseri Radrodro, regarding the appointment of Mr. Saud Minam as Chief Executive Officer (CEO).

The FDB Board based the selection of the CEO on the strategic requirements of this all-important role at one of Fiji’s most important financial institutions, not on ethnicity. The objectives were to appoint an experienced leader with the relevant international commercial banking experience, along with an extensive knowledge of Fiji’s financial and economic sectors, as well as the expertise to guide FDB through the current environment.

After a thorough, rigorous and transparent recruitment process conducted with the assistance of KPMG, the CEO role was offered to Mr. Minam who met the requirements fully in a fair, merit-based process. More than 3,700 Micro, Small and Medium Enterprises (MSMEs) currently served by the FDB, along with other stakeholders and the Fijian Government, expect nothing less than a meritorious candidate to guide their financial institution through the current unchartered COVID-induced terrain. With Mr. Minam at the helm, the FDB will continue delivering on its strategic objectives of assisting our MSMEs and revitalising our various businesses through development finance and access to capital.

-Ends-