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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UBC launches new programs to help tackle cybersecurity risk
UBC launches the Compliance Support Program and the Privacy Matters Champions Program to help mitigate information security risk. A major cybersecurity breach has the potential to seriously hamper UBC’s operations, reputation and position as a world-class institution, as well as…
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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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UBC will be included in Homelessness Services Association of BC’s Point-in-Time Homeless Count
UBC Campus Security and UBC Sprouts — a 100% volunteer and student-run organization at UBC, along with volunteers from across the university will be taking part in the Homelessness Services Association of BC’s Point-in-Time Homeless Count to collect details about…
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Demolition of UBC Power House this summer
This Summer, the UBC Power House will undergo demolition to prepare for the development of the new UBC Sauder School of Business expansion. The stunning 11-storey building will be constructed next to the current Sauder School of Business in the…
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Have you completed all UBC Required Training?
On March 6, staff and student-staff who are not up to date on their UBC Required Training will receive a Workday notification as a reminder to complete the training(s). Please keep an eye out for this new notification and check…
People of the VPFO
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Esther Li promoted to Senior Financial Processing Specialist in Treasury
Reporting to Chen Shi, Treasury Accounting Manager, Esther will continue to be responsible for the incoming payments while playing a critical role in more complicated bank reconciliations and other banking side responsibilities.
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Creating inclusive spaces beyond the public realm
Jen Sheel takes pride in what her team does… and it shows. When you meet Jen, one of the first things you see is her dedication to making UBC a place that invites and builds connections. She fiercely believes that…
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Josephine Shen joins the Financial Planning and Analysis (FP&A) team as a Financial Analyst
In her new role, Josephine will play a key role in developing the Strategic Initiatives’ multi-year forecasting model and maintaining various financial models (i.e. Contingency and PAEI) at UBC.
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Celebrating UBC VPFO’s long-serving member inductees in 2022
The VPFO team has a number of long service member inductees this year. This is an amazing personal accomplishment for the individuals and a true testament to their devotion to service at UBC.
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Holly Shepherd promoted to Director, Treasury
Holly Shepherd has been promoted to Director, Treasury with overall responsibility for overseeing tax, contracts, leases & licences, housing loans, payment card industry compliance, service levy and Treasury Accounting.