Welcome to the VP Finance & Operations portfolio
The nine divisions of the VPFO are responsible for the stewardship of UBC’s physical and financial assets, as well as safety and risk management for our university community.
We oversee a $3.98 billion budget, a $3.38 billion endowment, and all facilities on both campuses, as well as managing the university’s relationships with UBC Investment Management and UBC Properties Trust. In all the portfolio’s responsibilities, we are committed to the values of innovation, unity and accountability.
VPFO Strategic Plan 2024–2027
Having a strategic plan gives us a clear path, keeping everyone on the same page. Learn more about where we’re going next and how we plan to get there.
News from the VPFO
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Read more: T2200 Declaration of Conditions of Employment
T2200 Declaration of Conditions of Employment
UBC employees participating in the formal Hybrid Work Program may be eligible to claim home office expenses on their 2024 taxes under CRA’s updated guidelines. For more information, please visit the UBC Finance Portal.
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Read more: UBC joins national CASPAR initiative for sustainable procurement
UBC joins national CASPAR initiative for sustainable procurement
UBC is part of a new Canadian inter-university working group on sustainable procurement. The group is a collaborative forum with materials, training, and other knowledge-sharing opportunities for procurement practitioners at CAUBO member institutions.
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Read more: Scarfe Office Block is undergoing electrical renovation starting in May 2025
Scarfe Office Block is undergoing electrical renovation starting in May 2025
The electrical distribution system for the Neville Scarfe Complex is reaching the end of its lifespan and lacks the capacity to meet occupants’ future electrical needs. Construction on the Scarfe Complex Electrical Renovation is anticipated to begin in May 2025…
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Read more: What’s going on with the water? Pressure testing Jan. 27–Feb. 7
What’s going on with the water? Pressure testing Jan. 27–Feb. 7
Water supply will remain available during testing, although some buildings may experience mild discolouration in their water or minor water pressure variances. The water remains safe for use and consumption.
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Read more: UBC has successfully transitioned all our bank accounts to RBC
UBC has successfully transitioned all our bank accounts to RBC
As of January 24, 2025, UBC has successfully transitioned all our bank accounts to RBC, and all HSBC Canada accounts have been closed. The final phase (Phase 3) of the HSBC/RBC transition will focus on stabilizing and monitoring our accounts…
People of the VPFO
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Read more: Get to know the senior leadership team: Parveen Mann
Get to know the senior leadership team: Parveen Mann
Fostering a culture of purpose driven leadership, get to know Parveen Mann, Director, Human Resources and her leadership vision: “I believe that if we focus on our collective purpose, collaborate and build trust with each other, and continuously learn and…
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Read more: Derek Ho joins Safety & Risk Services as Lead Advisor, Privacy & Information Security Risk
Derek Ho joins Safety & Risk Services as Lead Advisor, Privacy & Information Security Risk
Derek Ho joins Safety & Risk Services’ Privacy & Information Security Management (PrISM) team as Lead Advisor in Privacy & Information Security Risk. The SRS PrISM team delivers privacy and security risk assessments, campus-wide training and risk advisory services to…
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Read more: Get to know the senior leadership team: Yale Loh
Get to know the senior leadership team: Yale Loh
Fostering a culture of purpose driven leadership, get to know Yale Loh, Treasurer and his leadership vision: “I am a leader of a high-performing and accountable team that is driven by shared values and success, open dialogue, transparency, and orientation…
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Read more: Get to know the senior leadership team: Rae Ann Aldridge
Get to know the senior leadership team: Rae Ann Aldridge
Fostering a culture of purpose driven leadership, get to know Rae Ann Aldridge, Executive Director, Safety & Risk Services and her leadership vision: “I am a highly collaborative leader who works with her teams to inspire, influence and innovate towards…
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Read more: Get to know the senior leadership team: Frank Laezza
Get to know the senior leadership team: Frank Laezza
Fostering a culture of purpose driven leadership, get to know Frank Laezza, VP Finance & Operations and his leadership vision: “I am committed, through my mentorship, collaboration and open communication, to fostering a culture of purpose-driven leadership within the VPFO.”