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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Michaela Kelly joins as Executive Assistant supporting Executive Director, UBC Safety & Risk Services
Michaela comes to UBC from the public relations agency Hill+Knowlton Strategies (H+K), where she provided strategic and integrated communications support to some of Canada’s leading brands across a wide range of sectors.
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Read UBC’s 2023 Annual Financial Statements
The Annual Financial Statements for year ended March 31, 2023, is now available on the UBC Finance website. UBC’s consolidated financial statements reflect the assets, liabilities, revenues and expenses of UBC, covering the fiscal year from April 1 to March…
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Valerie Nichol appointed UBCO’s Director of Integrated Planning and Chief Budget Officer as of July 1, 2023
Valerie brings seven years of valuable experience within UBC Okanagan, along with a significant tenure in various other organizations, which she will leverage to enhance our finance team.
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UBC Investment Management releases 2022-23 Performance Results
UBC Investment Management is pleased to release FY22-23 performance highlights on behalf of the funds the firm manages: the UBC Main Endowment Pool and the UBC Staff Pension Plan (SPP). All results as of March 31, 2023.
People of the VPFO
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Leigh Clark successfully keeping used furniture out of landfill
Since Leigh joined UBC Vancouver as a Facilities Planner with Infrastructure Development just two years ago, she has successfully identified and implemented a solution for keeping redundant furniture out of landfill and putting it to use elsewhere at the university.
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Siu Tse joins Energy & Water Services as Director of Engineering & Utilities
Siu joins us from the City of Port Coquitlam as their Deputy Director of Engineering & Operation and previously worked in City of Richmond, and Metro Vancouver.
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François Desmarais promoted to Senior Facilities Manager in Building Operations
François is the successful candidate to take on this newly created role with all of the Building Operations’ Facilities Managers reporting directly to him. François will continue to be responsible for the Brown Zone and also manage the day to…
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Announcing a new Associate Vice-President role for the VPFO
Following approval from UBC’s Board of Governors,the VPFO will be adding a new Associate Vice-President. Trish Pekeles has agreed to step forward as acting in the new AVP role until the search committee completes their work.
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Bryan Antenor and Marcos Kwong join Financial Operations management team
The Financial Operations team is pleased to welcome Bryan Antenor as the department’s new Customer Support Manager, and Marcos Kwong as the Manager of Procurement Services.