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.

Learn about the VPFO Strategic Plan

News from the VPFO

  • Maintaining an ideal exam experience at UBC

    Setting up an exam space is not an easy task — it requires hours of hard work and strict compliance with UBC’s exam requirements, especially with the setup of tables and chairs and delivery of exam booklets, to ensure a…

    Read more: Maintaining an ideal exam experience at UBC

  • Meet UBC’s new cogeneration engine

    UBC’s replacement cogeneration engine, the Jenbacher J-612 arrived in its new home inside the Bioenergy Research Demonstration Facility (BRDF) engine room on April 6, 2023, and is being commissioned for operation in May 2023.

    Read more: Meet UBC’s new cogeneration engine

  • 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

People of the VPFO