Emerging Family Leaders 2025

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Text: EFL 2025 Emerging Family Leaders Latin America J.P. Morgan Private Bank

As siblings, how do you best work together?

Marcela Garcia Caballero CO-FOUNDER THE HAIR GENERATION

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We are partners in this. But actually, she's my boss, so it works perfectly. I just do what she says.

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Laura Garcia Caballero CO-FOUNDER THE HAIR GENERATION

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That's not true. Like, I'm the head of operations, and logistics, and R&D.

And I am in charge of strategy and marketing.

And we work perfectly together to align and conquer our biggest dreams.

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Text: What advice would you give to aspiring entrepreneurs looking to make their mark in the beauty industry?

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One of the things, I would say, is that sometimes our biggest insecurity can become our biggest opportunity. That was basically what happened to us.

And I would say that with extraordinary effort comes extraordinary results. So you just got to put in the effort, put in the hours, strive for what you want to, and you'll end up getting exactly where you have to be.

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Text: How can young entrepreneurs leverage their unique strengths to drive innovation and growth?

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So I think that one of our biggest strengths is that we took our insecurities, and we built a company surrounding that. And that makes you being a person in charge of your own story. Many obstacles are going to come in your life, but it is about how you deal with it and how you transform all those obstacles into huge opportunities.

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Text: What advice would you give to young entrepreneurs in navigating the challenges of starting and growing a business?

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I think that a lot has to do with having a big goal. You have a goal. You know where you got to go.

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Takes handwritten notes in a notebook

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So we have to start with knowing what you're going to sell, or do, or provide. And that's an important thing to work on that, work on the product, work on the service. Have that figured out, and then note what channels and what channels for that specific audience. You have to have consequences between what you've been talking about as an influencer and what that eventually entails as a product.

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Marcela and Laura speaking on a J.P. Morgan panel in front of an audience, one audience member takes a video

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Yeah, I think that vulnerability is a big word in all of this journey. How to take your own vulnerability and actually connect with people.

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A man speaks into a J.P. Morgan microphone

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That's the real authenticity.

So we're not talking about perfection. We're not talking to being somebody that you see on cameras, but rather being your authentic self.

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Text: J.P.Morgan PRIVATE BANK, JP. Morgan Private Bank is not affiliated with the third parties and does not imply an endorsement by the firm referenced or that such trademark owner has authorized JPMorgan Chase Bank N.A. to promote its products or services. JPMargan Chase Bank, N.A. and is affiliates Collectively "JPMCB") offer investment products, which may include bank-managed investment accounts and custody, as part of its trust and fiduciary services. Other investment products and services, such as brokerage and advisory accounts, are offered through J.P. Morgan Securities LLC ("JPMS") a member of FINRA and SIPC insurance products are made available through Chase Insurance Agency, Inc. (CIA), a licensed insurance agency, doing business as Chase Insurance Agency Services. Inc in Florida. JPMCB. JPMS and CIA are affiliated companies under the common control of JPM. Products not available in all states. Copyright 2025 JPMorgan Chase & Co. All rights reserved.

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Text: EFL 2025 Emerging Family Leaders Latin America J.P. Morgan Private Bank

How do you best work together?

Spiral staircase spins

Text: Celina de Sola PRESIDENT AND CO-FOUNDER GLASSWING

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I mean, I think the best way we work together is because we trust each other. I think we try to compliment each other, and we bring different skill sets to the table. But at the end of the day, we have a common goal and a common vision for how we want to show up in the world.

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Text: Diego de Sola PRESIDENT AND CHIEF EXECUTIVE OFFICER DE SOLA GROUP

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Yeah. And I would add to that, that communication has become really important. So we know each other's character. We know each other's competence. And at the same time, the communication is what allows us to align intention and to really work out all the kinks as we move forward together.

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Text: How can emerging leaders leverage their networks to accelerate their worth?

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As a social entrepreneur, it's really important to leverage different kinds of assets. And I think the connections, the people we know at different institutions, at private sector, any kind of sector really, I think is key to growth. Because if you pull people together, particularly with different visions, different kinds of resources and assets, we can really accelerate growth and in our case, accelerate impact.

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Diego and Celina on a J.P. Morgan panel in front of an audience, audience claps

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And in my case, I like to see my networks more as communities than networks. I think that they're interminable sources of growth, of learning. And like I tell my boys, I don't a whole lot, but I know a lot of people. And that's enormously helpful because that's where you find support, that's where you find growth, and that's where you find camaraderie.

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Text: Is there a piece of advice or values that you've learned from your family and implemented in your business?

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So my advice would be to stay curious, and don't be afraid to break things. I think that curiosity is really the fountainhead of evolution, of personal growth.

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Diego speaking on the panel, using a tablet

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And I think that curiosity also breeds just a bit of humility. And I think it's important because you have to keep your wits about you. We have a certain number of years on this Earth. And in the meantime, it's just a huge opportunity to grow and hopefully to contribute.

Yeah. And I'll say two-- I think two different things stand out for me. I think one is we were raised in our house and in our family just to that everybody is born with the same potential doesn't necessarily have the opportunity. Our conditions are pretty arbitrary. You're born into circumstance. So understanding that, I think, helps drive the decisions and the way we live.

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Text: What made you want to share your story with the Emerging Family Leaders audience?

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There's so many opportunities for us to do so many different things. And I think there's a breadth of opportunity. There's a breadth of experience in this room. And we want to be a part of, not just learning, everything that we're hearing from the speakers, and making sure that we can continue to do what we want to do, and show up with the different organizations, the different kind of work we do.

And in our case, Glasswing, the organization that we're running. But also, I think just pulling and thinking about those networks and how we can collectively improve conditions in our countries in Latin America. Because there is a huge opportunity in this room, in this space, at this event, to not only generate more wealth and productivity, but also generate much more impact and really push for our countries develop wholly and exclusively.

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Celina speaking on the panel

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And so I've had the privilege of listening to so many people and working alongside so many people, among them Selena, that helped me recalibrate my sense of what's possible. And so my aspiration at the Emerging Leaders is hopefully, we can do a little bit of that. And it doesn't have to be magnanimous. Hopefully, we can be just a little bit contagious. And let's do what we think is right, and what we think is proper, and what we think is best, and have fun while we're at it.

And unlock the incredible potential of Latin America. I mean, really, there's just a ton of potential. We just need to provide opportunities and create conditions so people can navigate the adversity and the challenges and really thrive collectively.

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Text: Your family business has been around since 1896. How do you continue to innovate and grow while maintaining the traditions and values of your family?

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So I think that innovation is, again, spurred by curiosity. I think that the world obligates us to innovate all the time. Because we have to be reinventing ourselves. I see that values as such, I think is something in our case, maybe not so much to be spoken about, but rather to be practiced.

Let's not fall in love with solutions. Let's fall in love with problems. Because those problems typically stay longer than solutions do, especially nowadays. And so as we focus on that problem, the solution might be one today, another tomorrow. And innovation and breaking things is actually a fundamental part of subsistence.

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Text: As a social entrepreneur, what inspires you?

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I mean, as a social entrepreneur, I think, again, it resonates with what Diego said. I think there's so much about social entrepreneurship that is problem solving, and there's so many opportunities to ask people and to meet people where they're at.

And I think as a social entrepreneur, we think of the communities and people we work with in education systems and health systems and with economic opportunity. We think of them as partners and clients, so to speak. What is it, what result, and what are people looking for? What do people consider to be their priorities?

And you really go move in that direction. We're trying to develop human beings, like citizens that are engaged. And so we just want to do that together, but with a mentality, again, of transparency, of efficiency, and putting values in action over politics or partisan. It's really just how do we improve the world together? Because at the end of the day, it's something that's going to benefit, people and planet.

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Text: J.P.Morgan PRIVATE BANK, JP. Morgan Private Bank is not affiliated with the third parties and does not imply an endorsement by the firm referenced or that such trademark owner has authorized JPMorgan Chase Bank N.A. to promote its products or services. JPMargan Chase Bank, N.A. and is affiliates Collectively "JPMCB") offer investment products, which may include bank-managed investment accounts and custody, as part of its trust and fiduciary services. Other investment products and services, such as brokerage and advisory accounts, are offered through J.P. Morgan Securities LLC ("JPMS") a member of FINRA and SIPC insurance products are made available through Chase Insurance Agency, Inc. (CIA), a licensed insurance agency, doing business as Chase Insurance Agency Services. Inc in Florida. JPMCB. JPMS and CIA are affiliated companies under the common control of JPM. Products not available in all states. Copyright 2025 JPMorgan Chase & Co. All rights reserved.

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Text: EFL 2025 Emerging Family Leaders Latin America J.P. Morgan Private Bank

How are you seeking to transform education?

Gregorio Londono Villegas EXECUTIVE DIRECTOR FUNDACION VIBRA EN ALTA

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Vibra en Alta is born under J. Balvin's mission to uplift individuals so they can resonate with who they are. This means that education has to be a platform that helps people identify their passions, their talents, their interests. And education has to offer the paths and opportunities for them to explore careers that align with their interests with grantmaker organizations in Colombia that are somehow helping people to improve their social emotional learning, mentoring them to higher education, or helping them not to drop out from high school.

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Text: Where do you see the parallels between music and education?

Spiral staircase spins

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When we started Vibra en Alta, I tried to ask Jose, J. Balvin, about his experience with education. 25 years ago, when he felt he wanted to be an artist, when he felt music was his passion, what made him resonate with, he didn't found that opportunity in school. The schools were meant for people to do other stuff. Being a musician in Medellín in the late '90s, there wasn't an opportunity or a place you could learn from in school. And he made it. He made it. He made his career. He was able to find other opportunities to learn and to form.

But what we've reflected about in Vibra en Alta and what I think connects music to education is that education has to be flexible enough to let every individual find their path and build their career and their future.

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Taking handwritten notes in a notebook

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No matter if they want to be an artist, if they want to be a lawyer, if they want to be a physician, an engineer, a hairstylist, education has to be a platform as broad and as important to help every person thrive and to uplift everyone so they can resonate with who they are.

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Text: What advice would you give to the next generation on how to find their passion?

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So what we found in Vibra en Alta and what we've learned is that passion is almost always inside us. It's hard for us to put it into words. It's hard for us to see it. It's in those specific moments where we've felt we've thrived.

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Gregorio speaking on a J.P. Morgan panel in front of an audience

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It's in those specific moments where we felt we've had difficulties, where our passion is trying to speak to us. The hard part of passion is that passion is in the side of the brain where emotions are. But language is in the other side of the brain, so it's hard to connect them.

I invite everyone to bring their spaces of reflection, of conversation, of writing or talking to each other and try to identify those moments in life where you thrived or where you struggle and try to identify what your body was telling to you, what your mind was telling to you because probably passion was trying to give you something.

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Text: J.P.Morgan PRIVATE BANK, JP. Morgan Private Bank is not affiliated with the third parties and does not imply an endorsement by the firm referenced or that such trademark owner has authorized JPMorgan Chase Bank N.A. to promote its products or services. JPMargan Chase Bank, N.A. and is affiliates Collectively "JPMCB") offer investment products, which may include bank-managed investment accounts and custody, as part of its trust and fiduciary services. Other investment products and services, such as brokerage and advisory accounts, are offered through J.P. Morgan Securities LLC ("JPMS") a member of FINRA and SIPC insurance products are made available through Chase Insurance Agency, Inc. (CIA), a licensed insurance agency, doing business as Chase Insurance Agency Services. Inc in Florida. JPMCB. JPMS and CIA are affiliated companies under the common control of JPM. Products not available in all states. Copyright 2025 JPMorgan Chase & Co. All rights reserved.

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Speaker 2

Hi. My name is, Unci Sawiris. I'm from Egypt, grew up in Egypt, and moved to the US about 15 years ago. I work in tech. I invest in technology companies through a firm that I co-founded in 2015. So it's 10th year anniversary now called Half Capital. And we invest in emerging technologies, and we want to take part in sort of the next 15 years of innovation and, backing these entrepreneurs that are going to shape the world in the future.

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What advice would you give to young entrepreneurs in navigating the challenges of starting and growing a business?

00:01:14:00 - 00:01:34:11

Speaker 2

Look, I think we we live in an era now where your phone is becoming a PhD, right? You, with all the the generative AI companies. So I would encourage people to learn and and be curious about what they don't know and how to how to start a companies, about, resilience and taking time to actually end up succeeding.

00:01:34:11 - 00:01:53:03

Speaker 2

You go through a lot of bumps, a lot of hiccups. You always ask yourself if you're doing the right thing or not, but if you don't try and you don't make mistakes, you won't learn. So it's about patience, but, you know, working hard about resilience and, taking your time to sort of get there and meet your goals.

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How can emerging leaders leverage their networks to accelerate their growth?

00:02:04:02 - 00:02:29:08

Speaker 2

I think in this day and age, network building is core to what people do, sort of everyone's, with, the exposure to social media and the way media in general is changing. Everyone's becoming a persona. And I think to be able to leverage and, and, you know, speak out there to, to have your, your, you know, name and your what you're doing, become more relevant to people that are interested in whatever you're doing.

00:03:09:00 - 00:03:15:23

Speaker 2

And if you have an existing network through family or through your own work, definitely tap into that and don't be shy in doing so.

00:03:26:11 - 00:03:50:10

Speaker 2

It's always good to get different perspectives. So sometimes you're you're, you know, you're really in your own bubble and then you realize a someone else is in their own. And when you get to connect, you get to figure out what are the challenges that they faced, what are some success stories that they really learned from and have been able to sort of port over?

00:03:50:12 - 00:04:10:05

Speaker 2

And so, you know, events like, like today's event, you're gathering a lot of young, excited and hungry. You know, what you call emerging leaders? I think it's important for us to, get closer, to get to know what they're all doing, to get to understand what different cultures and how they have an impact on people's careers and what their goals and visions are.

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How do you approach, innovation and ensure your business remains competitive?

00:04:29:04 - 00:04:52:11

Speaker 2

I'm lucky to be operating in a very, in the core of innovation. So we invest in what we call emerging technologies and frontier technologies that we hope that will shape, the future of our next 10 to 20 years. And so we're very up to speed with what's new and what's coming. I grew up always very curious about tech and about innovation and I grew up in a country that is slow to follow.

00:04:52:13 - 00:05:08:23

Speaker 2

I remember when the iPhone first came out, it was like the one mobile carrier in the US, and we had to find different ways of making them work in Egypt. And then six years later, the phone officially came out in Egypt. So I think innovation is very important, I think, to stay up to date with, with the ever changing world.

00:05:08:23 - 00:05:26:14

Speaker 2

And actually these days, given the I boom, things are changing, not just on a yearly basis or a monthly basis. They're changing every single day. And I think it's very important to keep very closely, up to speed and see how you can apply a lot of these things in your day to day, to sort of improve and stay relevant.

00:05:26:14 - 00:05:46:20

Speaker 2

And, and I would say in any business or any, you know, industry, it's quite, fascinating how technology can make a huge impact. And I'm seeing a lot of our next generation get really into the weeds of of that and how they can help their own, whether it's family, businesses or their own day to day jobs to, you know, take their next steps.

00:05:46:20 - 00:05:52:15

Speaker 2

And I think we're going to see a lot of different changes in the future.

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You come from a well-known family. What advice would you give to someone who wants to transition away from a family business and create their own identity?

00:06:02:16 - 00:06:20:18

Speaker 2

I think it's always very tricky. You always think of the opportunity cost. I have my family, there's always a generational shift, but then people always want to sort of, you know, prove themselves out independently. And I feel, that's also very important. You build a very different characteristic for yourself, and you can prove that you're able to do things.

00:06:20:18 - 00:06:42:16

Speaker 2

Obviously, you leverage a lot of what, you know, your family has done, the network they've built, the reputation they have. But it's sort of the carve out on your own is to me, what I did. And, I feel like that's also very important. The advice I'd give is if you're always thinking of sort of your downside protection or you're always thinking of, okay, I might do this, but if it doesn't work out, I always have my family to go back to.

00:06:42:18 - 00:07:03:09

Speaker 2

I think usually you stagnate very quickly, so you have to probably build a lot more hunger and commitment to getting whatever you want to do done, and not giving up on sort of the first take up. And and to be able to understand that it's a long, longer road ahead than you will probably face. You have advantages given sort of what your family has done, but you also face, challenges.

00:07:03:11 - 00:07:19:02

Speaker 2

Because you can, you know, you can be seen as more laid back or, you know, you have your less you have less to worry about if in case it doesn't go right. And, we tend to see sort of, successful entrepreneurs, entrepreneurs go through a much more difficult times to then come out as real winners and real innovators.

00:07:19:02 - 00:07:22:09

Speaker 2

And I think there's always a balance there.

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Is there a piece of advice or values that you have learned from your family and implemented into your work in business ethics?

00:07:40:14 - 00:07:53:16

Speaker 2

I think to love what you're doing is going to be very important. It's going to get you have to go all out and you have to give it your all. And if you don't love what you're doing, you always feel like it's a burden or it's something that you have to do. But I actually I enjoy doing that as much as I enjoy watching my football.

00:07:53:16 - 00:08:17:19

Speaker 2

So, that gives you a lot more time and focus on your work. And I think hard work is is is really important. You might be smart, you might be lucky, and you make your own luck by working very hard, by surrounding yourself with smarter, hungrier people. And, you have to set yourself as an example. So, I also learned a lot from my grandfather, who had to restart his business three times.

00:08:17:19 - 00:08:21:16

Speaker 2

So it's never giving up is also very important.

00:00:24:17 - 00:00:30:17

Speaker 2

Hi. Enzo Ferrari part of the Ferrari family and the CEO of Royal Family Investments.

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What made you want to participate in EFL?

00:00:45:18 - 00:01:19:19

Speaker 2

I mean, we're partner with J.P. Morgan and dealing on different areas. I mean, of course on wealth management and plus, they've been providing a lot of, insightful, advices on different companies. Also in the automotive business, but not all in that also in the disruptive technology. Therefore, I mean, when they call me to do to be one of the panelist here, of course said yes, and hopefully I can give you a couple of insights from a very short but intense experience, I'd say.

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How can young entrepreneurs balance your foundation and innovation in their ventures?

00:01:29:09 - 00:01:48:16

Speaker 2

When you're in doubt. Always check the history when whether is of the history of your country, of your family, or of your hometown. I'm, personally deeply rooted in my hometown. We may you may name a country. Of course, with the family. And, when I look at financial you, I need to look from, from your past to learn for the future.

00:01:48:18 - 00:02:08:17

Speaker 2

But this should never stops you in looking on groundbreaking technology on and not be afraid of what's next, or being tech savvy and, or just being, into, new, ventures. I mean, you should never stop by. Always look over, look for the past, and they're always respected.

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What strategies have been most effective in maintaining Ferrari's legacy while driving innovation?

00:02:19:06 - 00:02:41:17

Speaker 2

So basically, I'm a fourth generation. At the time, my great grandfather, Enzo Ferrari, just thought about doing one car, two race and then, almost eight years after we're still here. So which means that we were able to partner with the right people, doing the right products, and always be humble and always stay focus on target.

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What advice would you give to family businesses in managing succession and ensuring the continuity of their legacy?

00:02:53:09 - 00:03:15:16

Speaker 2

Succession is one of the most difficult part of a family legacy, and it entails a lot of, efforts from everyone side. And on top of that, it doesn't mean that should should it must be a succession. A successor maybe is into something different, maybe doesn't want to do it, or maybe the family feels like more and more and more moving, moving away from the from the business.

00:03:15:18 - 00:03:38:04

Speaker 2

But if you are into the business and you want to keep it, you need to surround yourself with people better than you and advise that they do not know the best for you. And you can, they can you rely on their their loyal. And for sure, you need to openly discuss everything with the family. And, this takes time and effort and, a lot of patience.

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What advice would you give to someone who wants to create their own identity?

00:03:44:20 - 00:04:02:09

Speaker 2

Always look for has what has been done. Always take the, the best thing that happen? The worst thing that happen, I mean, and take your own conclusion and then, go for it. I mean, always be cautious, because if you have a responsibility of your name is not just your namesake personally, it's also the family name.

00:04:02:09 - 00:04:19:05

Speaker 2

So you need always to be respectful and mindful for the rest of the family. And, be careful on what you do and never ask people to do something they would never do and always be an example meaning guide. For example, doing what you say and say what you do, frankly.