John Denniston Leaves Salomon Smith Barney as Head of Technology Investment Banking in the Western U.S.; Moves to Kleiner Perkins as Chief Operating Officer

Business Wire, Feb 8, 2001

Business Editors

PALO ALTO, Calif.--(BUSINESS WIRE)--Feb. 8, 2001

Today, Salomon Smith Barney announces that John Denniston has decided to leave the firm to become the Chief Operating Officer at Kleiner Perkins Caufield & Byers. No replacement has been named at this time.

John joined SSB in September of 1999 as the Head of Technology Investment Banking for the Western U.S. Prior to joining our team, John was a partner at Brobeck, Phleger & Harrison LLP with 15 years of experience in the technology, venture capital and financial sectors. While John was the Head of Technology Investment Banking for the Western U.S., SSB gained in stature within the technology community and completed a large number of transactions.

Michael Christenson, Global Head of Technology Investment Banking at Salomon Smith Barney, said, "John is leaving us for an important client. While we are sad to see him go, both professionally and personally, we wish him all the success. I look forward to working with John in the future."

John Denniston said, "While leaving SSB was not an easy choice, it is time to move to a new stage in my career. I appreciate the efforts of all my colleagues while here in helping make SSB a vital participant in the financing and advisory needs of technology companies."

Citigroup's Global Corporate and Investment Bank brings together Citibank, the world's most global corporate bank, and Salomon Smith Barney, a leading global investment bank and securities brokerage firm. Together they provide complete financial solutions to corporations, governments, institutions and individuals in 100 countries. Award-winning businesses include corporate and investment banking services, investment advice, financial planning and commercial insurance products.

Citigroup (NYSE: C), the preeminent global financial services company, provides some 120 million consumers, corporations, governments and institutions in more than 100 countries with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage and asset management. Major brand names under Citigroup's trademark red umbrella are Citibank, CitiFinancial, Primerica, Salomon Smith Barney, and Travelers. Additional information may be found at: www.citigroup.com.