• Management & Staff
  • Current Board of Directors
  • Former Board of Directors

Mr. G. Semdiu DecherongMr. G. Semdiu Decherong
Executive Commissioner

 

Mr. Decherong was appointed Executive Commissioner of the Financial Institutions Commission on October 2002. He holds a B.B.A. degree in Management and a Masters of Business Administration (MBA) from University of Guam. Mr. Decherong has prior experience in commercial lending as well as consumer lending and is trained in financial analysis and risk management. His knowledge and expertise extend to anti-money laundering and counter terrorism financing.

 

 

Ms. Lindsay M. TimarongMs. Lindsay M. Timarong
Bank Examiner

 

Ms. Timarong has been the Bank Examiner since 2009. She earned a Master of Arts degree in Economics from the University of Hawaii and has experience in commercial and small business lending. Ms. Timarong has completed a myriad of bank examination training including with the U.S. FDIC and the IMF's PFTAC. With a background in statistics compilation and analysis, Ms. Timarong has improved the FIC's database of financial statistics and has been instrumental in the implementation of the FIC's base prudential returns.

 

 

Ms. V. Tikei Sbal
Administrative Officer

 

Ms. Sbal joined the FIC in March of 2010 as the Office Manager and in January of 2013 became the Filing Officer for the Secured Transactions Registry of the Republic of Palau. Ms. Sbal is an indispensable member of the FIC team. She is responsible for the organization and maintenance of the Commission’s administrative tasks, duties, and documentation.

Regular Session of the Board of Directors

Under the Financial Institutions Act, there should be five (5) voting members on the FIC Governing Board of Commissioners appointed by the President of the Republic of Palau with the consent of the Senate.  And a sixth (6th) member, an ex-officio, or a non-voting member, who is by law the President of the National Development Bank of Palau. There are currently only four (4) voting members on the Board with one seat vacant.

 

 

 

The current Governing Board members are:

 

Mr. Tutii Chilton

Mr. Tutii Chilton

Chairman


Mr. Chilton was appointed to the board in December 2009.  Mr. Chilton is an Associate Professor for Social Science and Humanities with Palau Community College, the nation’s premier higher education institution. He is a PhD candidate in the University of Hawaii’s Futures Studies Program and has an extensive academic and professional background in political and social science. Mr. Chilton also possesses a tremendous amount of community leadership and community service experience, including serving on the Palau National Olympic Committee Board and numerous involvements with athletic programs for youth and adults.

Ms. Uroi Salii

Ms. Uroi Salii

Vice Chairman


Ms. Salii was appointed to the Board on October 28, 2011 and will serve a term of two years on the FIC Governing Board of Commissioners. She is currently Director of Finance for Palau Community College. Ms. Salii holds an MBA from National Taiwan University and a Bachelor of Science degree in Business Administration from the University of Denver.

Ms. Claire Harvey

Ex-Officio Member


Ms. Jennifer Koskelin-Gibbons

Member

 

Mr. Melwert Kikuo

Member

 

Mr. Okada Techitong

Chairman

 

Mr. Techitong was appointed as Chairman of the board on August 4, 2011. He has an academic background in Architectural Engineering. Mr. Techitong was Delegate for Ngatpang State from 2001 to January 2009 and has twice served as the Minister of Commerce and Trade: from 1990 - 1992 and again from 1997 - 2000. He was Executive Officer of the Ngatpang State Government between 1993 and 1997 and for ten years, he was the Manager for the WCTC Main Store.

 

Mr. Kenneth T. Uyehara

Member

 

Mr. Uyehara was appointed to the board on August 2005.  He holds a Masters of Business Administration from University of Guam, Mangilao, Guam, a Bachelor of Arts (triple major) in Biology, General Science, and Business Administration from Coe College, Cedar Rapids, Iowa.  He has had other educations in Hawaii, and Guam Community College. He worked as a Branch Manager for The Associates Financial Services, responsible for overall operations of the branch office.  Managed Hawaii’s largest branch, and opened branches in Lihue, Kauai and Kapalama, Honolulu. Loan Officer of First Federal Savings and Loan; duties include origination and underwriting of residential loans. He also worked as a Construction Loan Officer for Bancorp Finance of Hawaii-Guam, Inc.; duties include origination, underwriting, and monitoring progress of single family construction loans. From 1989 to 1992, he worked as the Vice President of American Realty, Inc, and was assigned additional duties as the Acting General Manager of the Hotels in MaiAna, The Sun Route Hotel and The Guam Horizon Hotel and two restaurants.

 

Ms. Sandra D./ Mincer

Ex-Officio Member


Sandra D. Mincer was appointed President/CEO of the National Development Bank of Palau on August 13, 2012. She is the first Palauan woman to hold the position of President/CEO. She graduated class Valedictorian from Palau Mission Academy in 1980 and holds a double degree, Bachelor of Arts for Business & Economics with a specialization in Business Administration. She is a Certified Anti-Money Laundering Specialist, Certified Examination Manager and Certified Public Manager, a three year program. Ms. Mincer has over 27 years experience in the financial industry at both the private sector and the public sector as a financial institutions regulator/examiner, supervision and Acting Deputy Commissioner.

 

Mr. Kaleb Udui, Jr.

Vice Chairman / Ex-Officio Member

 

Mr. Udui was appointed to the board on February 2002, he has years of experience in the Finance section of the Ministry of Administration and was the former President of the National Development Bank of Palau. He has further banking experience as having been previously a Business Banking Officer at Bank of Hawaii.  Mr. Udui holds a B.A. degree in Finance from University of Guam and a Masters of Business Administration (MBA) from the University of Hawaii.

 

Mr. Gregorio Ngirmang

Former Chairman

 

Mr. Ngirmang was appointed to the board on March 9, 2004.  Mr. Ngirmang holds a  BS in Business Administration, concentration in operations management, from California State University at Long Beach.  He had one year MBA Program studies in Pepperdine University. Mr. Ngirmang is currently the Administrator of the Social Security Administration in the Republic of Palau. He finished his term as Chairman on March 25, 2011.

 

 

Mr. Daiziro Nakamura

Former Chairman

 

Mr. Nakamura is a retired civil servant and was appointed to the Board on July 2003 and was elected Chairman by a majority vote of the F.I.C. Governing Board.  Mr. Nakamura holds a B.A. degree in Political Science from University of Hawaii, Honolulu, Hawaii.  Mr. Nakamura is a business entrepreneur. Upon his appointment as Ambassador to Japan, his board membership ended in 2006.

 

 

Mr. Mason N. Whipps

Former Vice Chairman

 

Mr. Whipps was appointed to the board on October 2002.  Mr. Whipps holds a Bachelor of Business Administration Concentration in Economics from Walla Walla College in Washington State.  Mr. Whipps is currently Executive Vice-President of Surangel & Sons Company and a Legislator for Airai State. His board membership ended in September 2008.

 

 

Mr. Robert Ramarui

Member

 

Mr. Ramarui was appointed to the board on February 14, 2009.  His term ended on February 14, 2010.

 

 

Mr. Moses Bells

Member

 

Mr. Bells was appointed to the board on July 2003 and was elected Vice Chairman by a majority vote of the F.I.C. Governing Board.  Mr. Bells holds a B.A. degree from University of Guam and a Maters degree of Public Administration (MPA) from University of Guam.  Mr. Bells is currently a Business Instructor at the Palau Community College. Mr. Bells’ board membership ended on January 16, 2005.

 

 

Mr. Mark Rudimch

Member

 

Mr. Rudimch  was appointed to the board on February 14, 2008. Mr. Rudimch is a business entrepreneur. Upon his election to the Senate, his board membership ended on January 15, 2009.

 

 

Mr. Ralph Moses

Member

 

Mr. Moses was appointed to the board on March 9, 2004.  Mr. Moses holds a Bachelor of Arts Degree in Political Science from Guam University and a Master of Applied Finance from the University of New Castle in Australia.  Mr. Moses was a loan officer at the National Development Bank of Palau at the time of his appointment to the board. His board membership ended on March 9, 2006.

 

 

Mr. LeoBen Teriong

Member

 

Mr. Teriong was appointed to the board on March 22, 2006. He holds a Master of Business Administration degree from Armstrong University in Berkley, California. Mr. Teriong is the Chief Financial Officer for Palau National Communications Corporation. From 1989 to March 2004, he has worked in various areas for the Palau Community College, most recent of which was as Vice President of Administration & Finance. Mr. Teriong’s  board membership ended on September 25, 2007.

 

 

Ms. Jacqueline Alexander, CPA

Member

 

Ms. Alexander was appointed to the board on September 8, 2006. Ms. Alexander is a Certified Public Accountant who is currently the Chief Financial Officer for Palau Public Utilities Corporation. Ms. Alexander’s board membership ended on January 16, 2008.

 

 

Ms. Mary Frances R. Vogt

First Chairperson

 

 

Ms. Carol Ngiraidis

Former Vice-Chairman

 

 

Mr. Tukana Bovoro

Member