Media Releases

The Fiji National Provident Fund Board today announced the appointment of Mr Jaoji Koroi as the Fund’s Chief Executive Officer, in accordance with Section 20 (2) of the FNPF Act 2011.

Announcing the appointment, the Chairman Mr Ajith Kodagoda, said the Board had confidence that Mr Koroi will ably lead FNPF through the next three years given his experience, skills and qualifications. Mr Kodagoda said that the Board had undertaken a thorough, stringent and transparent selection process

to ensure that the best candidate was appointed to the job.

“As Chief Operating Officer (COO) for the last two years and Chief Investment Officer (CIO) for seven years before that, Mr Koroi has provided strong leadership that has contributed to the achievements in the Fund’s financial, investment and operational performances,” he said.

“He has consistently displayed strong strategic and change management skills and we have confidence in his ability to lead the organisation into the future, especially in reshaping and transforming the corporate culture of the institution to deliver service excellence and consistent returns to members.”

More recently, Mr Koroi led the Fund’s restructure that saw the consolidation of member services, strengthening and realignment of contributions collection and compliance, and the streamlining of other support functions.

During his tenure as CIO, Mr Koroi led his team to successfully rehabilitate the Fund’s non-performing assets with prudence. These rehabilitation projects include the rebuilding of the Grand Pacific Hotel, MyFNPF Centre at Greig Street Suva, and the Fiji Marriott Hotel in Momi Bay. He also spearheaded the Fund’s expansionary and diversified investment portfolios, both locally and overseas, optimizing returns on investments for members’ funds.

Mr Koroi holds a Masters in Applied Finance from Macquarie University, Sydney, Australia; a Post Graduate Diploma in Economics from James Cook University, Queensland, Australia; and a Bachelor of Arts in Economics and Management from the University of South Pacific. He started his career with the Reserve
Bank of Fiji and was a former CEO of the Fijian Holdings Limited and Executive Director for the RB Patel Group. He joined FNPF in 2009 as CIO.

He is married with 5 children and 2 grandchildren.

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