00:00:04:24 - 00:00:06:15 We're incredibly proud sponsors
00:00:06:15 - 00:00:08:18 to be here at the Concours d'Elegance,
00:00:08:18 - 00:00:10:24 an amazing classic car show.
00:00:10:24 - 00:00:12:05 I'm going to sneak us in
00:00:12:05 - 00:00:14:00 to be able to go see some of my top picks.
00:00:14:00 - 00:00:21:18 Come on.
00:00:21:20 - 00:00:23:13 There's 16 cars here,
00:00:23:13 - 00:00:25:18 mainly from Singapore and Malaysia.
00:00:25:18 - 00:00:27:08 Everyone's going to have a different pick.
00:00:27:08 - 00:00:28:13 If I think about, kind of like,
00:00:28:13 - 00:00:30:01 where my pick would be,
00:00:30:01 - 00:00:32:16 it would be this one: a 1965 Porsche.
00:00:32:16 - 00:00:35:07 Just look at the way this has been restored.
00:00:35:07 - 00:00:36:14 The red leather interior,
00:00:36:14 - 00:00:40:11 it's just incredibly nice.
00:00:40:13 - 00:00:42:12 According to a Bloomberg report,
00:00:42:12 - 00:00:45:20 close to $570 billion dollars worth of
00:00:45:20 - 00:00:48:14 classic and vintage vehicles will be transferred
00:00:48:14 - 00:00:52:02 to the rising generation over the next 15 years.
00:00:52:04 - 00:00:53:16 At J.P. Morgan Private Bank,
00:00:53:16 - 00:00:56:02 we are here at every step of the way
00:00:56:02 - 00:00:57:20 to guide and advise you
00:00:57:20 - 00:01:01:13 across the transfer and transition journey.
00:01:01:15 - 00:01:05:18 If you inherit a 1935 Armstrong Siddeley Special
00:01:05:18 - 00:01:08:03 like this beauty I'm sitting in today,
00:01:08:03 - 00:01:09:07 what do you do with it?
00:01:09:07 - 00:01:11:00 Trying to find the balance
00:01:11:00 - 00:01:13:22 between nostalgia, legacy,
00:01:13:22 - 00:01:17:08 but your own desire to modernize and innovate
00:01:17:08 - 00:01:20:11 is a tension that many next gen clients face.
00:01:20:11 - 00:01:23:19 Whether it's respect to their classic car collections
00:01:23:19 - 00:01:25:13 or their family businesses,
00:01:25:13 - 00:01:32:21 or their family legacy.
00:01:32:23 - 00:01:36:04 I just concluded a tyreside chat with Charmain Kwee,
00:01:36:04 - 00:01:38:09 Group Executive Director and next generation
00:01:38:09 - 00:01:40:00 of the Eurokars Group.
00:01:40:00 - 00:01:42:00 What I learned from our session today
00:01:42:00 - 00:01:43:22 was, in a family led business,
00:01:43:22 - 00:01:45:18 there's not always agreeing to agree,
00:01:45:18 - 00:01:47:07 but always agreeing to act
00:01:47:07 - 00:01:49:04 in the best interests of the family
00:01:49:04 - 00:01:50:14 and the business.
00:01:50:14 - 00:01:52:02 At J.P. Morgan Private Bank,
00:01:52:02 - 00:01:54:04 we are here to support the next generation
00:01:54:04 - 00:01:55:08 and their ambitions.
00:00:04:24 - 00:00:06:15 We're incredibly proud sponsors
00:00:06:15 - 00:00:08:18 to be here at the Concours d'Elegance,
00:00:08:18 - 00:00:10:24 an amazing classic car show.
00:00:10:24 - 00:00:12:05 I'm going to sneak us in
00:00:12:05 - 00:00:14:00 to be able to go see some of my top picks.
00:00:14:00 - 00:00:21:18 Come on.
00:00:21:20 - 00:00:23:13 There's 16 cars here,
00:00:23:13 - 00:00:25:18 mainly from Singapore and Malaysia.
00:00:25:18 - 00:00:27:08 Everyone's going to have a different pick.
00:00:27:08 - 00:00:28:13 If I think about, kind of like,
00:00:28:13 - 00:00:30:01 where my pick would be,
00:00:30:01 - 00:00:32:16 it would be this one: a 1965 Porsche.
00:00:32:16 - 00:00:35:07 Just look at the way this has been restored.
00:00:35:07 - 00:00:36:14 The red leather interior,
00:00:36:14 - 00:00:40:11 it's just incredibly nice.
00:00:40:13 - 00:00:42:12 According to a Bloomberg report,
00:00:42:12 - 00:00:45:20 close to $570 billion dollars worth of
00:00:45:20 - 00:00:48:14 classic and vintage vehicles will be transferred
00:00:48:14 - 00:00:52:02 to the rising generation over the next 15 years.
00:00:52:04 - 00:00:53:16 At J.P. Morgan Private Bank,
00:00:53:16 - 00:00:56:02 we are here at every step of the way
00:00:56:02 - 00:00:57:20 to guide and advise you
00:00:57:20 - 00:01:01:13 across the transfer and transition journey.
00:01:01:15 - 00:01:05:18 If you inherit a 1935 Armstrong Siddeley Special
00:01:05:18 - 00:01:08:03 like this beauty I'm sitting in today,
00:01:08:03 - 00:01:09:07 what do you do with it?
00:01:09:07 - 00:01:11:00 Trying to find the balance
00:01:11:00 - 00:01:13:22 between nostalgia, legacy,
00:01:13:22 - 00:01:17:08 but your own desire to modernize and innovate
00:01:17:08 - 00:01:20:11 is a tension that many next gen clients face.
00:01:20:11 - 00:01:23:19 Whether it's respect to their classic car collections
00:01:23:19 - 00:01:25:13 or their family businesses,
00:01:25:13 - 00:01:32:21 or their family legacy.
00:01:32:23 - 00:01:36:04 I just concluded a tyreside chat with Charmain Kwee,
00:01:36:04 - 00:01:38:09 Group Executive Director and next generation
00:01:38:09 - 00:01:40:00 of the Eurokars Group.
00:01:40:00 - 00:01:42:00 What I learned from our session today
00:01:42:00 - 00:01:43:22 was, in a family led business,
00:01:43:22 - 00:01:45:18 there's not always agreeing to agree,
00:01:45:18 - 00:01:47:07 but always agreeing to act
00:01:47:07 - 00:01:49:04 in the best interests of the family
00:01:49:04 - 00:01:50:14 and the business.
00:01:50:14 - 00:01:52:02 At J.P. Morgan Private Bank,
00:01:52:02 - 00:01:54:04 we are here to support the next generation
00:01:54:04 - 00:01:55:08 and their ambitions.