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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The VP Finance & Operations is expanding with the addition of UBC’s Enterprise Risk & Assurance
Effective January 15, 2024, the VP Finance & Operations (VPFO) will be welcoming UBC’s Enterprise Risk & Assurance (ERA) team to the portfolio. This strategic transition is part of our ongoing efforts to optimize the university’s organizational structure, enhance operational…
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Construction begins on the Laboratory of Archeology – Iona Building
Construction has begun on the new Community Research Centre in the Laboratory of Archeology at the Iona Building. This project aims to create a new space for housing archaeological collections recovered from ancient villages and other archaeological sites around the…
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UBC launches Zero Waste Market to promote sustainability
UBC’s Furniture Reuse program featured in the Ubyssey. The initiative, lead by the UBC facilities department, aims to reduce waste on campus by promoting the reuse of furniture, electronics and other items.
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Here Is Why Your Net Pay May Be Lower in January
Find out why your net pay may be lower in January, how it affects your personal credit return, and how to get support on updating your tax elections.
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Delay in ordering UBC Visa cards
Due to office closure over the holiday season, UBC’s Credit Card team will hold off on ordering new UBC Visa cards starting from Wednesday, December 13, 2023, until Tuesday, January 2, 2024.
People of the VPFO
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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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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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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.”
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2023 Facilities Staff Excellence Award winners
The UBC Facilities Staff Excellence Award Program provides recognition and rewards to staff who have demonstrated excellence consistently in the performance of their work and service to the university. Congratulations to our 2023 Staff Excellence Award recipients!
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Gilberto Andrade is promoted to Building Asset Specialist within Facilities’ Building Operations
Gilberto Andrade is promoted to Building Asset Specialist and will be joining Building Operations within Facilities starting January 29, 2024. His expertise and data-driven decision-making will enhance asset management procedures, creating efficient and sustainable spaces for research, teaching, and learning…