FDB defends Minam’s appointment as CEO

Fiji Development Bank, CEO, Saud Minam. Picture: FILE

The Board of the Fiji Development Bank (FDB) has defended its appointment of Saud Minam as its chief executive officer and said the selection was based on the strategic requirement of the role in one of the country’s important financial institutions and not based on ethnicity.

The Board’s statement is in response to comments made by SODELPA MP Aseri Radrodro who had slammed the selection saying Mr Minam’s appointment was another “slap in the face for hard working Fijian people born and bred in Fiji, to pursue career paths in their country of birth”.

In a statement issued last Friday, Mr Radrodro had said this was not the first time “such foreigners have used their work positions to gain citizenship in Fiji and from then on, they have competed against the Fijian people to gain top positions in the employment sector”.

He had also said that the Government was showing an image that it did not have confidence in their own locally born and bred people.

In response, the FDB Board stated that 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,” the FDB Board stated.

“More than 3700 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.”

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