The Fiji National Provident Fund has announced the appointment of Naibuka Saune as its new Chief Investment Officer.
Saune will manage the Fund’s extensive investment portfolio, currently valued at $9.35 billion.
He is currently the chief executive of Merchant Finance and will take up his new position with FNPF at the end of September.
FNPF in a statement said Saune is a business leader with an excellent track record across multiple leading companies in Fiji and the region and has helped to deliver significant portfolio and organisational change as part of transforming it into a more focused, growth-driven and sustainable business.
He specialises in mergers and acquisitions, corporate finance, investment management, strategy, and direct funds management.
Previously he worked for Amalgamated Telecom Holdings as Head of Mergers and Acquisitions, FNPF as an Investment Consultant and at various financial firms in Sydney, Australia specialising in mergers and acquisitions, private equity and corporate advisory services with a focus on the small to medium market across Australia.
Saune holds a Doctor in Philosophy (PhD) in Accounting (Financial and Capital Markets Research) from the University of Technology in Sydney, a Master of Philosophy in Accounting (Financial and Capital Markets Research) from the University of New South Wales, and a Bachelor of Arts in Accounting from the University of the South Pacific.
He also currently serves as a Non-Executive Director in companies in Fiji and the region, and is a Member of the Australian Institute of Company Directors (AICD).
Saune succeeds Viliame Vodonaivalu, who held the position prior to his appointment as the Fund’s chief executive in 2021.
