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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Final Settlement runs for 2023
The final settlement (payment) runs for all 2023 Accounts Payable transactions will take place on Thursday, December 21 at 12:00 pm. In order to be included in the settlement run, the invoice/expense must be fully approved or matched to its…
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Coast Salish Two-Spirit Mosaic mural installed
Last week, the Coast Salish Two-Spirit Mosaic mural was installed west of the First Nations Long House (FNLH) building on the West Mall. This mural represents Coast Salish Two-Spirit unity, dignity, and respect.
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Accepting credit card payments over the phone
The acceptance of credit card payments over the phone is deemed to be a transmission of cardholder data. If a Voice over internet protocol (VoIP) telephone is used as a means of transmission, both the credit card process and UBC…
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What do we mean when we say “budget” at UBC?
UBC’s annual budget process is underway, and our faculties and administrative teams are working on the unit-level financial plans that will feed into the university-wide budget proposal that is presented to the Board of Governors for approval.
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UBC is a BC Hydro Clean Energy Champion
BC Hydro Clean Energy Champions are businesses, homes, and institutions—large and small—recognized for their reduction in their reliance on fossil fuels. BC Hydro praised UBC for its efficient buildings and projects to reduce the use of gas for heating on…
People of the VPFO
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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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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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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.”