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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Major milestone in the Bioenergy Research Demonstration Facility expansion project
The Bioenergy Research Demonstration Facility (BRDF) is burning biomass once again! The Energy & Water Services Thermal Operations Team re-lit the biomass gasification system on November 10, 2021, and the BRDF is now producing renewable thermal energy for the Academic…
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A Common Ground: Arts Student Centre Opens its Doors
The Arts Student Centre has officially opened its doors to the UBC community. The three-storey building located on East Mall and Walter Gage Road will be a common meeting ground for Arts students to interact across disciplines, with spaces to…
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Aligning enhanced safety and reducing risk for the university
In alignment with the VPFO and SRS strategic plan, Safety & Risk Services (SRS) is moving to the next step that builds on our strengths and opportunities to continue to align around enhanced safety and reduced risk for faculty, staff,…
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75,868 text notifications sent via UBC Alert as part of the annual ShakeOut drill
As part of the annual ShakeOut drill, a UBC Alert test notification by text and voice message was sent on October 21, 2021, at 10:21 am, to remind students, faculty, and staff to drop, cover, and hold on when an earthquake…
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Auditor General’s report gives context on their audit of UBC’s financial statements
In their 2021 report, the Auditor General shares their general findings from over 160 government entities as well as specific highlights from UBC and our response.
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.