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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Continuing as one VPFO under Karamjeet Heer and John Metras’ leadership
Starting June 1, Karamjeet Heer will begin serving as the Interim Vice-President, Finance, and John Metras will become the Interim Vice-President, Operations following the departure of Peter Smailes, former Vice-President, Finance and Operations.
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May 26 VPFO Town Hall Presentation and Slides
In this VPFO town hall, we reviewed the leadership transition plan, looked back on our accomplishments, and learned about our strategic plan together as one portfolio. The town hall recording and presentation slides are now available.
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Preparing for transition in the VPFO
The hand off starts now. Starting on June 1, Karamjeet Heer will be serving as the Interim Vice-President, Finance, and John Metras will be the Interim Vice-President, Operations.
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tə šxʷhəleləm̓s tə k̓ʷaƛ̓kʷəʔaʔɬ is now occupied
Located adjacent to and infilling around the Walter Gage Residence, the student residence project tə šxʷhəleləm̓s tə k̓ʷaƛ̓kʷəʔaʔɬ will provide a total of 940 housing beds for upper-year students.
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The C.D. Howe Institute ranks UBC first in both climate change & endowment activities and their governance
Independent non-profit research institute The C.D. Howe Institute ranked UBC first in Climate Change and Endowment Activities with an overall score of 4.2. UBC also placed first in Climate-change Governance practices, scoring 4.9 out of 5.0.
People of the VPFO
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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…
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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.”
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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!
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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…
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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.