Sanctuary Hires Philip Smith as Chief Financial Officer

Vancouver, BC – Jun. 7, 2021 – Sanctuary Cognitive Systems Corporation announced today that it had hired experienced banking and capital markets professional Philip Smith as Chief Financial Officer and member of the Senior Leadership Team. Reporting to Sanctuary AI Co-Founder and Chief Executive Officer Geordie Rose, Smith will manage the company’s finances. In addition to leading investor relations, his responsibilities will include overseeing all aspects of the company’s financial planning, reporting, accounting, and cash flow.

“Phil has more than 30 years of experience in the financial services industry with numerous senior governance roles,” Geordie Rose, Co-Founder and CEO of Sanctuary said. “We are thrilled that Phil decided to join us, and I am personally looking forward to the impact he will have, not just with investors, but across our whole business.”

Smith joins Sanctuary after more than 27 years at Scotiabank where he held a variety of increasingly senior roles in Finance, Capital Markets, Investment Banking, and Wealth Management. Most recently, he was Head of Investor Relations at Scotiabank in Toronto, ON.

“Sanctuary is at a pivotal stage in their business, financial, and technology growth,” Smith said. “It’s a great time to be joining the Sanctuary team, and I’m excited about the opportunity and jobs we’ll create as well as the impact we’ll have on the labour shortages around the world.”

Smith has previously served as Global Head of Debt and Equity Capital Markets at Scotiabank, and prior to that, he was Chief Operating Officer and Chief Financial Officer of Scotiabank’s Global Banking and Markets division. He brings proven experience in business development with broad deal experience across numerous sectors and regions.

Smith holds an MBA in Analytic Finance from the University of Chicago Booth School of Business and a BA in International Relations from Johns Hopkins University.

About Sanctuary

Founded in 2018 by Geordie Rose, Suzanne Gildert, Olivia Norton, and Ajay Agrawal, Sanctuary is a Vancouver, Canada-based company. Sanctuary is on a mission to create the world’s first human-like intelligence in general-purpose robots that will help us work more safely, efficiently, and sustainably. And in the not-too-distant future, help us explore, settle, and prosper in outer space.

Members of the Sanctuary team founded D-Wave (a pioneer in the quantum computing industry), Kindred (first use of reinforcement learning in a production robot), and the Creative Destruction Lab (pioneered a revolutionary method for the commercialization of science for the betterment of humankind). The team has experience launching market-defining innovations rooted in previously unsolved and deep scientific problems.