Citi Private Bank Convenes Asia's Leading Family Offices in Hong Kong to Explore the Next Decade of Wealth Creation

Flagship Asia Pacific Family Office Executive Forum brings together more than 150 family office leaders, investors and industry experts

HONG KONG SAR - Media OutReach Newswire - 14 September 2026 - Citi Private Bank hosted its annual Asia Pacific Family Office Executive Forum in Hong Kong, bringing together more than 150 family office principals, next-generation leaders and influential investors from across the region for a day of strategic dialogue on the forces shaping the future of wealth, investment and legacy planning.

Held under the theme "The Intelligence Decade: AI, Capital and the New Asian Order," the Forum explored how artificial intelligence, shifting capital flows and geopolitical developments are influencing investment decisions, family office strategies and long-term wealth planning. The program featured discussions with global business leaders, investors and industry experts on topics including AI, direct investing, family office governance, succession planning and philanthropy.

Returning to Hong Kong in its largest format to date, the Forum reflects the city's growing importance as a leading international wealth management and family office hub. Family offices across Asia are becoming increasingly sophisticated and global in their outlook, expanding beyond wealth preservation into direct investing, philanthropy, family governance and next-generation engagement.

Featured speakers included Bruce Flatt, Chief Executive Officer of Brookfield; Jean Eric Salata, Chair of EQT; Yoshihiko Kawamura, Chief Financial Officer of Kioxia; and Professor Li Cheng, Founding Director of the Centre on Contemporary China and the World at The University of Hong Kong, alongside senior Citi leaders and family office experts.

Dawn Nordberg, Head of Integrated Client Solutions and Global Family Office, Citi Wealth, said, "Artificial intelligence is reshaping capital allocation, business models and competitive dynamics globally. For family offices, the choices made over the next decade regarding investment, innovation and governance will help define the opportunities and legacies of future generations. Citi Wealth's Family Office Forum provides a valuable opportunity for clients to share perspectives with one another and gain insights on the forces transforming the global landscape."

Bernard Wai, Head of Asia for Integrated Client Solutions and Global Family Office, Citi Wealth, said, "Through Citi's Global Family Office Group, which serves more than 1,900 family office clients worldwide, we continue to observe family offices taking a more institutional approach to investing and governance. Our core offerings are built on two key strengths – Globality and One Citi, underpinned by a client-first attitude. While AI creates new opportunities to enhance efficiency, long-term success continues to be defined by strong leadership, trusted relationships and preparing future generations to steward wealth responsibly."

Horace Yip, Head of Hong Kong, Citi Private Bank, said, "Hong Kong continues to strengthen its position as one of Asia's leading wealth management and family office hubs. Its status as home to Asia's largest billionaire population underscores the city's enduring attractiveness as a center for wealth creation and investment. As family offices become increasingly global in their outlook, we continue to see strong demand for global connectivity, sophisticated wealth solutions and specialist advice. Through Citi's global network and local presence, we are well positioned to support family offices as they navigate an increasingly interconnected world."

The Asia Pacific Family Office Executive Forum reflects Citi Private Bank's longstanding commitment to supporting family offices globally. By connecting clients with global insights, industry expertise and a broad network of peers and thought leaders, Citi continues to help family offices navigate emerging opportunities and challenges while supporting their long-term ambitions across generations.

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About Citi

Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in more than 180 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.

Additional information may be found atwww.citigroup.com | X: @Citi | LinkedIn: www.linkedin.com/company/citi | YouTube: www.youtube.com/citi | Facebook: www.facebook.com/citi

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Reinsurance panel carries an average A+ financial strength rating from AM Best or S&P; treaty deepens security behind each financial guarantee Verdant Rock issues and unlocks capacity for future growth

HAMILTON, BERMUDA – Media OutReach Newswire – 14 September 2026 – Verdant Rock Limited ("Verdant Rock"), a Bermuda‑based Class 3B insurer and financial guarantor focusing on emerging markets, has closed a 30% quota share reinsurance treaty with a panel of leading global reinsurers. The panel carries an average financial strength rating of A+ from either AM Best or S&P, marking a significant milestone for the company less than a year after receiving its Class 3B insurance license from the Bermuda Monetary Authority.

The treaty supports Verdant Rock's portfolio of irrevocable, unconditional and on-demand financial guarantees on private corporate, structured and project finance exposures across emerging markets. By sharing 30% of risk with highly rated capacity providers, Verdant Rock further strengthens its balance sheet, diversifies its capital base and enhances scalability for future growth.

"Securing a reinsurance panel of this caliber, rated A+ on average, at this stage of our development is a strong validation of our underwriting framework and our approach to governance. Every guarantee Verdant Rock issues now carries an additional layer of security from counterparties that have spent time understanding and believing in what we are building. We are grateful to each panel member for their confidence in us." — Tolga Uzuner, Co-Founder, Chief Executive Officer, Verdant Rock Limited

This announcement is (i) for information only; (ii) not an offer or solicitation to buy or sell any security, insurance product, or financial guarantee; and (iii) not for distribution in any jurisdiction where to do so would be unlawful. Forward-looking statements are not guarantees of future results, and Verdant Rock undertakes no obligation to update them. A credit rating is not a recommendation to buy, sell or hold any security and may be subject to revision, suspension or withdrawal at any time by the assigning rating agency.

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ABOUT VERDANT ROCK

Verdant Rock Limited is a Bermuda‑based insurance company regulated by the Bermuda Monetary Authority as a Class 3B Insurer. The company currently holds a BBB+ Long‑Term Insurer Financial Strength Rating with a Stable Outlook from Fitch Ratings. It provides Basel and ICS-family Solvency regimes compliant, investment‑grade financial guarantees on private credit exposures in emerging markets, designed to qualify as eligible credit protection under Basel and major insurance solvency regimes for banks, insurers and institutional investors globally. The company focuses on private liabilities and does not cover sovereigns, municipalities or provinces. Its remit covers bonds and loans issued by emerging market corporations and banks, structured financings, asset-backed (ABS) and mortgage-backed (MBS) exposures in securities or loan format, and project finance.

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