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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Increase in CRA Prescribed Interest Rate effective July 1, 2022
The CRA Prescribed Interest Rate will increase to 2% effective July 1, 2022. This is the interest rate used to calculate taxable benefits for employees from interest-free and low-interest loans, which will have an effect on future loans made under…
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New contracts available for Executive Search and Recruitment
The agreements for procurement of Executive Level Search and Recruitment Services with these approved providers will ensure simplified procurement process, access to a prequalified vendor pool of experienced and highly recognized executive search firms in BC, best value, and commitment…
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Changes to UBC Service Levy
The UBC services levy is used to run the community centres, athletic and cultural facilities, and to maintain public spaces and infrastructure within UBC neighbourhoods. The Services Levy Notices issued in 2022 will be due on August 8, 2022. Read…
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Vancouver will continue to see warmer than average temperatures
Environment Canada has issued a heat warning for Metro Vancouver for the rest of today June 27, 2022 with inland temperatures reaching 34 degrees. Given the current high temperatures, we wanted to provide some resources and information to help you…
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Driving safely on campus
Driving safely on and around UBC campuses is essential. To help, we have put together some basic safety guidelines to ensure a safe campus, and remember, the pedestrian always has the right of way.
People of the VPFO
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Changes in the VPFO HR team
We are pleased to announce a number of positive changes on the VPFO Human Resources team. We have prepared a service map to help you navigate these changes and understand the roles and assigned departments of our team members.
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Ernesto Castano joins UBC’s Financial Operations group as the Associate Director, Procurement
Ernesto will play a vital role in leading the Procurement function to support our community in meeting their needs through the procurement and competitive bidding processes, leveraging Workday and Planon.
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Joan Mar and Entela Ifti step into new positions in the Financial Planning & Analysis team
In their new roles, Joan and Entela will work with the Assistant Comptroller to lead the FP&A team and support our partners across the university. Joan Mar will be joining as Director, Financial Planning & Analysis on June 16, and…
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Susan Johnson steps into her new role as Senior Manager, Privacy and Information Security Risk
In her new role, Susan will continue to oversee the Privacy Impact Assessment (PIA) process, including major projects such as the Integrated Security Program Student (IRPS) as well as the portfolio of operational PIAs and advisory services.
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Norman Kotze joins the Emergency Management team as Associate, Emergency & Continuity Planning
In his new role, Norman will help lead continuity planning for the Vancouver Point Grey campus. Working with academic units, he will assist in the roll-out of our Continuity Planning Framework and the creation of Continuity Plans for faculties using a…