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

  • UBC Facilities supports student team in the construction of a unique building

    Last week, UBC started to unveil a vibrant new teaching and learning space that is one of Canada’s first institutional spaces designed to be near-zero embodied carbon. The project and student team were well supported by contributions from UBC Facilities’…

    Read more: UBC Facilities supports student team in the construction of a unique building
  • Thank you for your warm welcome from our new VP, Frank Laezza 

    Time is flying, it’s hard to believe a month has passed already since I joined the portfolio. I’m so impressed with the work I’m seeing across the team — most recently with our finance folks in finalizing UBC’s 2023/24 budget. My thanks to everyone…

    Read more: Thank you for your warm welcome from our new VP, Frank Laezza 
  • Update on UBC’s budget for the 2023/24 fiscal year

    UBC’s Board of Governors has approved the 2023/2024 budget, setting out the university’s spending priorities for the year ahead. Thank you to all those who helped create this report. Read UBC’s 2023/24 Budget Report on the UBC Finance website.

    Read more: Update on UBC’s budget for the 2023/24 fiscal year
  • UBC launches Agency Fund Guidelines (FD950)

    The Agency Fund Guidelines have been developed to provide the UBC finance community clarity on the requirements for the appropriate usage of the Agency Fund (FD950).

    Read more: UBC launches Agency Fund Guidelines (FD950)
  • UBC launches fifth year of the UniForum program

    This year we are launching year 5 of the program, and from May 29 to June 30 we will be collecting data relating to all professional staff at UBC, to better understand the types of activities they perform on a…

    Read more: UBC launches fifth year of the UniForum program

People of the VPFO

  • 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…

    Read more: Get to know the senior leadership team: Rae Ann Aldridge
  • 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.”

    Read more: Get to know the senior leadership team: Frank Laezza
  • 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!

    Read more: 2023 Facilities Staff Excellence Award winners
  • 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…

    Read more: Gilberto Andrade is promoted to Building Asset Specialist within Facilities’ Building Operations
  • Siret Ulp joins Finance & Integrated Services as Procurement Programs Advisor

    Siret Ulp joins Finance & Integrated Services as the new Procurement Programs Advisor on November 8th. She will play a vital role in implementing UBC’s approach for Indigenous procurement, Inclusive procurement, Environmentally Sustainable procurement and other strategic procurement projects.

    Read more: Siret Ulp joins Finance & Integrated Services as Procurement Programs Advisor