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US: Hines has recently announced its planned leadership transition as the company continues to expand its global real assets.
Starting 1 January 2027, Adam Hines will join Laura Hines-Pierce as co-chief excutive officer; David Steinbach will become the firm’s first president; Alfonso Munk will become global chief investment officer (CIO) and Jeff Hines will become chairman.
Hines-Pierce will also replace Jeff as the CEO and chair of the board of Hines Global Income Trust (HGIT), and Adam will join its board as a director.
Hines and Hines-Pierce will work together to lead the firm to build on its real assets platform — a process they have been involved with for at least the past five years. Under their leadership, the business has grown at approximately 20% CAGR since 2018.
“We see an extraordinary opportunity for Hines,” said Hines-Pierce. “Our ambition is to apply nearly 70 years of local knowledge, operating experience and investment discipline to that broader opportunity and connect those strengths across one global platform. We will preserve the ownership mindset, relationships and operator’s edge that make Hines distinctive while building on that momentum for the future.”
The rest of the new leadership team will work closely with the co-CEOs to execute this strategy across the firm. Hines will also establish an independent external advisory board to provide them with outside perspectives and counsel. The advisory board will have no governance authority.
“Our opportunity is to connect what our teams know across markets, strategies and functions so local insight becomes shared intelligence and firmwide capabilities create more opportunity on the ground. That is how we protect Hines’ operator’s edge and strengthen the platform for investors, clients and partners,” Steinbach said.
Highlights:
- Hines will implement a new global leadership structure from 1 January 2027, with Adam Hines joining Laura Hines-Pierce as co-chief executive officer (CEO), David Steinbach becoming the firm’s first president, Alfonso Munk becoming global chief investment officer (CIO), and Jeff Hines becoming chairman
- Laura Hines-Pierce will become CEO and chair of the board of Hines Global Income Trust (HGIT), replacing Jeff Hines, while Adam Hines will join the HGIT board as a director
- The new co-CEOs will continue Hines’ global real assets growth strategy, building on a platform that has expanded at approximately 20% CAGR since 2018. Adam Hines and Hines-Pierce have been involved in developing the firm’s strategy for at least five years.
- Hines will establish an independent external advisory board to provide the new leadership team with outside perspectives and counsel. The advisory board will have no governance authority
