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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Help keep furniture out of the landfill with the Furniture Reuse Program
The Furniture Reuse program accepts donations of gently used, surplus furniture from faculty and departments and resells it to the UBC community and broader public to help divert waste from disposal. Learn more about this program and how to donate…
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Jen Dick joins UBC Facilities’ Learning Spaces Team as Learning Space Planner
Jen Dick joins UBC Facilities’ Learning Spaces Team as the Learning Space Planner. Jen comes to us from the Construction Office where she has served as a Project Coordinator, most recently completing the Buchanan A theatre flood remediation and Neville…
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UBC Investment Management releases FY22-23 Annual Report
UBC Investment Management released its FY22-23 Annual Report today, delivering strong performance on behalf of the funds we manage, The University of British Columbia Endowment and the UBC Staff Pension Plan, while at the same time furthering our efforts in…
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What do we mean when we say “budget”?
UBC’s annual budget process is underway and in the VPFO that means we’re working on the portfolio financial plan that will feed into the university-wide budget proposal, as well as overseeing the university-wide process. At the same time, we’re also…
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Lance Xu joins Campus Security as Secure Access Technician
Lance Xu joins Campus Security as a Secure Access Technician. Lance is a dedicated security access technician with a profound passion for the physical security industry. He joins us from Chubb Security and is currently attending BCIT and working towards…
People of the VPFO
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Pera Hardy joins the Facilities Planning team in Infrastructure Development as Senior Facilities Planner
Pera is a registered architect (AIBC) and LEED Green Associate, Canada Green Building Council (CaGBC). Her programming, planning, design and construction experience in K-12 schools and post-secondary projects will be very beneficial to facilities planning work on campus.
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Frank Laezza — Get to Know UBC’s new Vice-President Finance & Operations
It would be difficult for anyone to argue that Frank Laezza isn’t willing to go the distance for UBC. Fresh off a flight from Perth, Australia, he quite literally came from the opposite side of the planet to take up…
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Oliver Choo joins as Finance Director, Vice President Research and Innovation
In his new role, Oliver will be responsible for providing strategic financial leadership within the 16 units of the VPRI portfolio. In addition to managing the portfolio budget of $58M, Oliver will support key initiatives that have significant impact on…
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Dimitri Kavouras steps into new role as Subhead Controls Electrician in Building Operations
Passionate about contributing to the UBC community, Dimitri is a current shop steward, previous union delegate, and participant in two apprenticeship committees. He was awarded the Kim Nulty award in 2020 for his contributions and excellence in categories like employee…
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Building a more innovative campus — one project at a time
A powerful duo in the VPFO, Aletha Utimati, a PMP-certified Project Manager and Sandy Sull, a Chartered Professional Accountant (CPA) bring completely different expertise but share a vision for an innovative campus, a passion for collaboration, and the ability to…