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’s Financial Results for 2021/2022
Our audited financial statements for fiscal year 2021/2022 have been approved by UBC’s Board of Governors and are now available to review on the UBC Finance website.
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Heat warning this week for Metro Vancouver
A heat warning has been issued this week for Metro Vancouver — make plans for you and your loved ones to stay cool during the day. Cooling centres and temporary water features are open on the UBC Vancouver campus.
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Third Space—Solar Decathlon project
UBC Facilities is working together with UBC’s award-winning Third Quadrant Design—a team of more than 60 students in engineering, architecture, business, and arts to help plan and manage a new student space on campus that redefines sustainable design. Learn more…
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Our New Treasury Offices: Piloting Design and Technology to Support Hybrid Work across the VPFO
After years of hard work and planning by the Treasury team and UBC Facilities’ Infrastructure Development team, Treasury’s existing office space in the Old Administration Building has been renovated to become the home base for the entire Treasury team.
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Safety & Risk Services’ Emergency Management hosted Rapid Damage Assessment Drill
On June 16, 2022, Safety & Risk Services’ Emergency Management held a drill for UBC staff who had completed BC Housing’s Rapid Damage Assessment (RDA) and Coordination of Damage Assessment (CDA) training, in partnership with partners at BC Housing.
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.