Cabinet Appoints New CEO to Lead the Development Bank of Samoa

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29 June 2023 Apia Samoa, Gvt Press Secretariat. Cabinet has approved the appointment of Muā’autau Raiē Silipa as the new Chief Executive Officer of the Development Bank of Samoa (DBS).

Muā’autau is currently the manager for Finance of the DBS, and has been working at the DBS for over twenty years.

He was highly and unanimously recommended by the interview panel as the new CEO to lead the Development Bank for the next three years.

A press release confirms that four applicants were interviewed for this position.

Muā’autau is a member of the Samoa Institute of Accountants and holds a Master of Business Administration degree from the University of South Queensland, Australia. He also holds a Bachelor Degree in Accounting from the University of the South Pacific.

Muā’autau succeeds afioga Faiane Susana Laulu who had led the Development Bank for nine years and did not seek reappointment.

Faiane Susana Laulu has moved on to join the prestigious Pacific Association of Supreme Audit Institutions (PASAI) with member offices across the Pacific including Samoa.